Armonk, NY-based Jafri Law Firm (+1-800-593-7491) has just updated its bankruptcy division. The practice helps clients restructure their loans so they can have a fresh start.
Jafri Law Firm of Armonk, New York announces the launch of its updated bankruptcy legal services. The practice caters to both individuals and business owners who are overwhelmed with debt and need assistance in finding a path forward.
More information about Jafri Law Firm’s bankruptcy division is available via https://www.jafrilawfirm.com/practices/bankruptcy
This updated offering provides clients with a crucial financial lifeline that enables them to have a fresh start. Jafri Law Firm is staffed with highly experienced lawyers who can handle all types of bankruptcy classifications.
Given the lockdowns caused by the current pandemic, many brick-and-mortar stores saw foot traffic and revenues plummet. As a result, many employees have either been furloughed or laid off from their jobs.
The drastic reduction or loss of income has put many enterprises and individuals in financial peril as they are no longer able to pay off loans. Filing for bankruptcy allows them to either delay debt repayment, get better terms for their loans, or waive payment altogether.
Jafri Law Firm explains that most clients will either apply for one of three bankruptcy categories. The first is Chapter 7 bankruptcy, which is ideal for people who wish to wind down their businesses and write off financial obligations.
Chapter 11 bankruptcy, meanwhile, is designed to restructure and reduce debt so that an enterprise can continue operating. Lastly, Chapter 13 bankruptcy lets both entrepreneurs and individuals reorganize their business and personal debt.
Clients will get expert advice on which strategy is most viable for their circumstances. They may also request a free, no-obligation case consultation to better understand their options.
Jafri Law Firm provides top-notch but affordable legal services to clients. Aside from bankruptcy filing, its other practice areas include antitrust, class action, intellectual property, and family law.
A spokesperson says: “We know bankruptcy law inside and out and can take the time to walk you through the process step by step. When you hire a bankruptcy lawyer from Jafri Law Firm, you get an attorney who is directly involved in your case from start to finish.”
Interested parties may visit https://www.jafrilawfirm.com/practices/bankruptcy if they need further details about the company and its services.