Law Offices of Alla Kachan, P.C.

12/08/2022

‼️ Instead of waiting for a debt situation to reach a boiling point, consult with a debt attorney because there can be different options for you to eliminate complications and can yourself or your business out of this.

11/10/2022

Chapter 7 is the most common and widely discussed type of bankruptcy, otherwise known as a “No Asset” bankruptcy. The concept of Chapter 7 is that as long as an individual or a couple, qualify for a Chapter 7 discharge, all unsecured debts get discharged.

Chapter 7 Bankruptcy works well for an individual or a couple that has primarily unsecured, consumer (most commonly credit card) debt, whose income qualifies by passing a Means Test, provided as part of the Chapter 7 Bankruptcy petition, and based on the number of family members in a household, and the value of those assets does not exceed the limitations set by the state or federal bankruptcy exemptions, qualify for a Chapter 7 Bankruptcy discharge. For Debtors, the majority of whose Debt stems from business guarantees or obligations, the means test limitation of income, is largely inapplicable.

11/02/2022

About Debt Settlement

Debt settlement is a private party agreement between us on behalf of the Debtor and the Creditor, for a partial payment of consumer debt, over time.

The correct way to settle debts outside of a bankruptcy filing is by negotiating directly with the unsecured creditor, obtaining a letter evidencing the settlement agreement before payment, and paying the agreed-upon amount either in a lump sum or over several payments.

10/20/2022

If you think you’re unable to make mortgage payments at your current rate, it’s always a good idea to reconsider the terms with a financial institution that approved your mortgage.

To meet your best interests in circumstances like that it’s always a good idea to have a debt lawyer to assist you with all the negotiations.

10/02/2022

Filling for bankruptcy is not scary as it might sound. You just need to have a proficient debt lawyer who can analyze your financial situations and assets to recommend the optimal type of bankruptcy.

As your petition is filed and sent to court, no creditor can interact with you or access your finances. Your protection starts right away.

09/23/2022

F.A.Q. What can be done by creditors due to your inaction during financial problems?

09/12/2022

Filing for bankruptcy is not as scary as it might sound. Many individuals and businesses went through it and the final result is a debt-free future. And you will be able to access credit products pretty soon again which is much better than having a nerve-racking outstanding balance and missing payments.

Come to our office to find out about your options 📄

08/29/2022

News: Enrolling in a Taxi Medallion Relief Program 🚕

08/26/2022

F.A.Q. “Early Signs of Financial Problems”

Learn when it’s the right moment to discuss your financial situation with a debt lawyer to find the best solution as soon as possible.

08/22/2022

If you start feeling that minimal payments on your credit card are not making any difference, it could be a time to address your problems to a debtor/creditor attorney.

08/15/2022

Find more detailed information of our legal practice on our website!

Kachan Law evolved from a small bankruptcy practice to be one of the most experienced, best-rated, bankruptcy, and business reorganization practitioners in the district. Our office is recognized and recommended by judges and fellow practitioners, alike. We represent Debtors and Creditors in every ty...

08/09/2022

Mail time at our office! ✉️