Kinzer Michael

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Bankruptcy Law Attorneys

OPEN NOW

Today: 11:00 am - 7:00 pm

33 Years

in Business

(631) 321-4444Call Visit WebsiteVisit Website Map & DirectionsDirections100 Broadhollow Rd Ste 205Farmingdale, NY 11735 Write a ReviewWrite Review

Hours

Regular Hours

Mon - Fri:	11:00 am - 7:00 pm
Sat - Sun	Closed

Places Near Farmingdale with Bankruptcy Law Attorneys

Massapequa (5 miles)
West Babylon (6 miles)
Plainview (8 miles)
Melville (9 miles)
Deer Park (10 miles)
Hicksville (10 miles)
East Meadow (11 miles)
Syosset (14 miles)
Westbury (14 miles)
Freeport (14 miles)

More Info

Email

Payment method

check, cash

Neighborhood

East Farmingdale

AKA

Attorney Michael Kinzer

Michael Kinzer Atty

Other Link

http://www.kinzerlaw.com

Category

Bankruptcy Law Attorneys

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11/17/2022

Overall

Expertise

Professionalism

Awesome attorney! Right on point with everything

03/20/2016

Overall

Excellent attorney. He took a lot of time with me and explained everything I needed to know about the bankruptcy and answered all my questions. My bankruptcy went though great!

Details

Phone: (631) 321-4444

Address: 100 Broadhollow Rd Ste 205, Farmingdale, NY 11735

Website: http://www.kinzerlaw.com

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Kinzer Michael

Divorce

Property Damage
Homeowners fall behind with their mortgage payments for many reasons; unemployment, medical issues, divorce or separation, a death in the family or even property damage as a result of Hurricane Sandy. Whatever the reason, if a homeowner falls too far behind with their mortgage payments, their lender will commence a foreclosure action. The purpose of this action is to get the court's permission to sell the property at a public auction. Once this takes place, the new owner of the home, usually the lender itself will forcible evict all occupants from the home. The most effective way to prevent this is to negotiate a mortgage modification agreement with the lender so the homeowner is no longer behind and keep their home.

Bankruptcy
Most people who are interested in filing bankruptcy are looking to file a Chapter 7. That's because it's the easiest, quickest and least expensive, in terms of attorney fees, form of bankruptcy and usually accomplishes all or most of what they are trying to do by filing bankruptcy, specifically, get rid of debt as quickly and easily as possible. A Chapter 7 bankruptcy starts with the filing a petition with the Bankruptcy Court. This petition should implicitly state that all or most of the petitioners' monthly income is consumed by their monthly living expenses. More specifically, after rent (or mortgage), food, clothing, utilities, car payments, insurance and any and all other normal and necessary monthly expenses of living are paid, there is little or nothing left. The petition also will show that the petitioners have significant debt, whether they are in the form of or any combination of credit cards, medical bills, personal loans or any other type of debt. Because there is little or no income to pay this debt after the petitioners pay their regular monthly expenses, the petitioners are unable to pay this debt. As a result, they are filing the Chapter 7 in order to eliminate the debt.
Foreclosure
Third, a Chapter 13, unlike a Chapter 7, can be used to stop foreclosure actions. Once a Chapter 13 is filed, the foreclosure action is suspended and the mortgage lender is required to accept monthly mortgage payments again. The petitioner will then make monthly payments to the Chapter 13 trustee, who will in turn pay the lender the arrears it is owed. The monthly trustee payments have to be large enough so they pay the mortgage lender all of their missed payments over a maximum of 5 years. Once the plan is paid in full, the Chapter 13 petitioners receive their discharge and the foreclosure action is ended. However, if the petitioners do not have sufficient income to make these payments to both the Chapter 13 trustee and the mortgage company, they can file a Chapter 13 petition, commence making reasonable mortgage payments to the Chapter 13 trustee and negotiate within the framework of the Chapter 13 to modify the mortgage.

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