Every day I receive phone calls from taxi owners requesting information about bankruptcy. There are two most common types of bankruptcy are Chapter 7 and Chapter 13

It is not always a good idea to file a  chapter 7 bankruptcy case: if you do not properly  evaluate risks and prepare your case, a bankruptcy trustee might

  • sell your house or co-op
  • sue your children for money you have given them
  • sue your friends for loans you have repaid to them
  • sell your investment property
  • sell property you have purchased or inherited back home

Please remember that not all bankruptcy lawyers are the same.

To make it easier for you to understand if it makes sense to talk to a bankruptcy lawyer, I have prepared a simple one-page checklist for potential clients to review before scheduling an appointment. If you can honestly answer “Yes” to all questions, then a chapter 7 bankruptcy filing might be a good idea for you. If you answer “No” to any of the questions, chapter 7 will probably not be a good choice.

             This Free Bankruptcy Screening Checklist is available only to NYC Taxi Medallion owners.  Here is what you do:

Step One: send an email to [email protected] and request your “Free Bankruptcy Screening for Taxi Medallion Owners Checklist”. We will send it by Reply email.

Step Two: Print the form

Step Three: Read each question carefully, and check the “Yes” box if that is the correct answer.

Step Four: If ALL the answers are “Yes”, then at the bottom of the page, Print your name, Sign, enter your Phone Number. 

Step Five: Scan, or take a picture of the completed form and return by email to [email protected] or call (718) 442-4424 (ext. 1) to get a cell phone number to text the sheet to  and to schedule your Free appointment or telephone consultation

Step Six: If you answered “No” to any of the questions, chatper 7, to eliminate all your debts would probably not work. Sometimes, we can reverse a recent deed transfer, however, to actually get you more protection than you thought you would have by taking your name off the deed!    Your other options could be direct negotiations with the lender, or development of a long-term plan. If you would like to discuss any of these options there is a fee of $150 payable in advance by debit or credit card at the time of scheduling. You should bring your completed form to the appointment,  email it [email protected] before the phone call, or call for a cell phone number to text it to.  

We look forward to helping you.