Bankruptcy Law Practice

The decision to file for bankruptcy requires careful analysis and consideration of a number of factors.  Before starting the process, it is highly advisable to consult with a knowledgeable bankruptcy lawyer to best assess your personal situation to determine if filing for bankruptcy is the best option to deal with your financial difficulties.

Bankruptcy provides an individual or business which fully complies with all requirements of applicable bankruptcy law a fresh financial start by "discharging" or relieving the debtor of the legal obligation to repay the debts discharged by the court.

 The Bankruptcy Process

Schedule a free consultation with Jason Karavias, Esq., an experienced bankruptcy attorney who will personally advise you:

• of the full extent of your legal rights and obligations in relation to your debts;
• what alternatives to bankruptcy exist to deal with your debts;
• what to expect throughout the bankruptcy process;
• what “exempt” property you will be able to retain and legally protect from the claims of creditors; 
• how to fulfill your obligations to complete the required credit counseling and debtor education courses; and
• how best to rebuild your credit after the completion of your case.

Filing the bankruptcy petition "automatically stays" or stops most collection actions against your property.  An automatic stay is a court order that prohibits creditors from taking any further collection action against you without first obtaining the permission of the bankruptcy court.  Therefore, filing of the bankruptcy petition on your behalf by Jason Karavias, Esq. will immediately:

• stop creditors from contacting or calling you demanding payment or harassing you in any manner;
• stop wage garnishments, such as having money deducted from your paycheck to pay your creditors;
• prevent creditors from initiating or continuing any lawsuits for nonpayment against you; and
• prohibit creditors who previously obtained judgments against you from removing any money from your bank accounts.

You will attend a meeting with the case trustee.  Jason Karavias, Esq. will:

• attend the required meeting with the case trustee with you and be by your side to assist you with legal advice while the trustee questions you regarding your financial affairs and property;

• provide the case trustee and United States trustee with the documentation they require in order to conduct the meeting; and
• through his professional preparation of the bankruptcy petition and presence and representation at the meeting, significantly increase the likelihood that the trustee will be satisfied that your case is being handled properly.

Communication with the court, trustees, and your creditors will need to be maintained throughout the period your case is pending.  Jason Karavias, Esq. will advise you of all communications and correspondences received from the court, the case trustee, the United States trustee, and each of your creditors, to keep you fully informed of the status and developments in your case until its conclusion.  Often requests are made which require timely and dated responses to avoid detriment to your case, so knowing that your lawyer is constantly overseeing and managing your case will be comforting. 

The Discharge is a permanent court order prohibiting your creditors from taking any form of collection action against you in the future on your discharged debts, including legal action and communications with you, such as telephone calls and letters.  The discharge has the effect of extinguishing your personal liability on discharged debts.

Hiring an experienced and diligent bankruptcy attorney is a wise decision, particularly since bankruptcy law has recently become increasing complex due to amendments to the United States Bankruptcy Code enacted in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which took effect October 17, 2005.  Declaring bankruptcy is an intensive process involving multiple steps and important legal obligations.  Jason Karavias, Esq. has the knowledge and experience to ensure that you receive the best legal representation throughout your bankruptcy process.

Admitted:         United States Bankruptcy Court, Eastern District

                        United States Bankruptcy Court, Southern District

Member:          National Association of Bankruptcy Attorneys