Debt Relief in New York
New York has one of the highest volumes of bankruptcy filings in the nation. The state uses its own exemption system with a homestead exemption that varies by county — up to $179,975 in the New York City metro area. New York does not allow federal exemptions. The state has extensive networks of credit counseling agencies, legal aid organizations, and consumer protection resources.
FAQ
What debt relief options are available in New York?
Residents of New York have access to consumer proposals, personal bankruptcy, debt consolidation loans, credit counselling, and debt management plans. Consumer proposals and bankruptcy are administered by Licensed Insolvency Trustees under federal law.
How do I find a Licensed Insolvency Trustee in New York?
You can browse our verified directory of 0 Licensed Insolvency Trustees in New York, or search the Office of the Superintendent of Bankruptcy (OSB) register. Initial consultations are typically free.