Michael H. Schwartz, P.C.

Michael H. Schwartz, P.C., is a New York bankruptcy law firm that has been helping individuals and businesses in Westchester, Rockland, and Putnam counties to overcome their debt-related legal issues for more than 30 years.

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Firm Overview

White Plains bankruptcy attorney Michael H. Schwartz is featured in The New York Area's Top-Rated Lawyers, a special section showcasing the state's top legal talent in New York Magazine for the past two years in a row.

To earn a place in the publication as well as its online companion at http://www.newyorkareatopratedlawyers.com/, an attorney must have achieved the peer-reviewed rating of AV Preeminent in the distinguished LexisNexis Martindale-Hubbell legal directory, according to ALM Media, a publisher of the section.

The AV Preeminent rating is a significant accomplishment and a testament to the fact that a lawyer is peers rank him at the highest level of professional excellence, ALM says.

Michael H. Schwartz, the founder of the White Plains consumer bankruptcy firm of Michael H. Schwartz, P.C., is recognized in the publication for earning an AV Preeminent rating for helping people to get their lives back on track throughout Westchester, Rockland and Putnam counties through the Chapter 7 and Chapter 13 bankruptcy process.

For more than thirty years, our firm has earned a reputation for making the process as easy and painless as possible for our clients, Michael H. Schwartz says. We have helped thousands of people to preserve their families and save their homes, their possessions, their jobs and their dignity.

We are proud to say that we have not had a single discharge denied, and we have not lost a single house in foreclosure, Schwartz added.

It is an honor for our firm to be recognized for our hard work, and it inspires us to continue fighting for our clients.

In addition to helping individuals through the bankruptcy process, Schwartz also assists companies with filing for bankruptcy protection and represents parties to bankruptcy proceedings.

Michael H. Schwartz serves as Co-Chair of the Westchester County Bar Association Bankruptcy Committee. His firm has an A+ rating by the Better Business Bureau and a rating of Superb by Avvo.com.

In addition to ALM, The New York Area's Top-Rated Lawyers is published by LexisNexis and Martindale-Hubbbell. The publishers have said they are donating a portion of the section's proceeds to the Red Cross for Hurricane Sandy relief to Tri-State area residents.
Main Office

Main
One Water Street
White Plains  NY  10601-1009

Phone
  • (914) 997-0071
Fax
  • (914) 997-0536

Fees

Free Initial Consultation?

Consultations for Nolo clients are always free.

Services Offered For Fixed Fees?

All fees for bankruptcy cases are fixed fees. The fee is quoted and put in writing after we have discussed what we are going to do for you.

Hourly Rates

Fees currently ranges from $75 per hour to $500 per hour BUT There are no hourly rates for bankruptcy cases.

Office Information

Office Hours

Monday through Friday
8 a.m. to 5 p.m.

Office Manager

Amy

Emergency After Hours

No

Bankruptcy
Michael H. Schwartz, of Michael H. Schwartz, P.C., is recognized in the publication for earning an AV Preeminent rating for helping people to get their lives back on track throughout Westcheser, Rockland and Putnam counties.
White Plains bankruptcy attorney Michael H. Schwartz is featured in The New York Area's Top-Rated Lawyers, a special section showcasing the state's top legal talent in New York Magazine for the past two years in a row.

To earn a place in the publication as well as its online companion at http://www.newyorkareatopratedlawyers.com, an attorney must have achieved the peer-reviewed rating of AV Preeminent in the distinguished LexisNexis Martindale-Hubbell legal directory, according to ALM Media, a publisher of the section.

The AV Preeminent rating is a significant accomplishment and a testament to the fact that a lawyer is peers rank him at the highest level of professional excellence, ALM says.

Michael H. Schwartz, the founder of the White Plains consumer bankruptcy firm of Michael H. Schwartz, P.C., is recognized in the publication for earning an AV Preeminent rating for helping people to get their lives back on track throughout Westchester, Rockland and Putnam counties through the Chapter 7 and Chapter 13 bankruptcy process.

For more than 30 years, our firm has earned a reputation for making the process as easy and painless as possible for our clients, Michael H. Schwartz says. We have helped thousands of people to preserve their families and save their homes, their possessions, their jobs and their dignity.

We are proud to say that we have not had a single discharge denied, and we have not lost a single house in foreclosure, Schwartz added.

It is an honor for our firm to be recognized for our hard work, and it inspires us to continue fighting for our clients.

In addition to helping individuals through the bankruptcy process, Schwartz also assists companies with filing for bankruptcy protection and represents parties to bankruptcy proceedings.

Michael H. Schwartz serves as Co-Chair of the Westchester County Bar Association Bankruptcy Committee. His firm has an A+ rating by the Better Business Bureau and a rating of Superb by Avvo.com.

In addition to ALM, The New York Area's Top-Rated Lawyers is published by LexisNexis and Martindale-Hubbbell. The publishers have said they are donating a portion of the section's proceeds to the Red Cross for Hurricane Sandy relief to Tri-State area residents.

About Michael H. Schwartz, P.C.

Michael H. Schwartz, P.C., is a New York bankruptcy law firm that has been helping individuals and businesses in Westchester, Rockland, and Putnam counties to overcome their debt-related legal issues for more than thirty years. The firm assists individuals with filing for liquidation under Chapter 7 of the U.S. Bankruptcy Code or reorganization under Chapter 13, and it assists businesses with liquidation under Chapter 7 or reorganization under Chapter 11. Additionally, the firm handles foreclosure defense for individuals. The firm's office is located at One Water Street, White Plains, NY 10601. To learn more about Michael H. Schwartz, P.C., call (800) On My Side or use the firm's online contact form at http://www.nylegalhelp.com/.
Foreclosure
If you are saddled with debts and afraid that you might lose your home, the experienced NY bankruptcy law firm of Michael H. Schwartz, P.C., may be able to help you escape mortgage foreclosure.
A foreclosure occurs when your lender gets court permission to sell your home in order to pay off your mortgage. The process can take as little as 12 months or less. It begins with the lender filing a document called a Lis Pendens (Notice of Pendency). In English, this means that the lender has a claim against your home and is working to take it away from you.

"Bankruptcy is your best battleground," Mr. Schwartz says. "If you have a home threatened with foreclosure, we can help you stop the banks."

If you owe more than the house is worth, your best option may be to let the house go. However, if your house does not sell for enough to cover the amount owed on your loan, you are liable for the remaining balance. A Chapter 7 case will allow you to walk away from the house AND owe the lender nothing.

Our firm knows how to deal with the intricacies of mortgage foreclosure in the bankruptcy setting. Here's how:

By filing for a Chapter 13 or Chapter 11 bankruptcy the NY bankruptcy law firm of Michael H. Schwartz, P.C. will STOP the lender from foreclosing. The foreclosure process will come to a halt. The lender will NOT be able to continue with the foreclosure. The lender will NOT be able to sell your home.

YOU will now be in control of your home.

After the foreclosure is stopped, you will have several options to choose from.
You can repay back the payments that were missed over the next five years.
You can apply for a loan modification that is supervised by a United States Bankruptcy Judge.
(where "You need to resend the documents" Is Not acceptable).
Walk away from your home without owing a dime.

And, in most cases, we can also wipe out your credit card debt.

If your house if worth less than you owe on your first mortgage, we can remove the second and third mortgages entirely.

Filing for a Chapter 13 bankruptcy is a better option than attempting to work things out with the "lender." The New York bankruptcy lawyer Michael H. Schwartz, P.C., knows that the person calling you about your debt is not the actual lender, but a servicing company interested in racking up fees. When a person defaults on a mortgage, the servicing company reacts by piling on fees and charges. If the person is miraculously able to reinstate the entire mortgage and able to pay it all off with one check, the new payoff amount will still include all of the levied fees.

"These servicing companies have no incentive to help you save your house from foreclosure," according to Mr. Schwartz. "We don't play their game because we know the rules. They'll run you in circles. All the while the clock is ticking and they're racking up more fees."

As you probably know, when you borrow money from a bank or a lending institution, you secure it with a mortgage on your home. What you may not realize is that if you borrow $100,000, you're really paying back $300,000 on a 30-year mortgage. The bank treats this as a $300,000 asset and sells off the secured transaction to debt buyers at a discount off its full value. The debt buyers then sell the mortgages to debt aggregators who create bond funds out of them and sell them on Wall Street to investors as higher interest bond funds (also known as mortgage backed securities).

Don't believe that the "lender" will work things out with you. Instead, when you find yourself facing mortgage foreclosure, turn to the NY bankruptcy attorney of Michael H. Schwartz, P.C.to help save your home. We'll put you in Chapter 13 and your credit will be no worse. In fact, it will be better because bankruptcy is a superior alternative to foreclosure. Bankruptcy is guaranteed to work as long as you can resume making your monthly mortgage payment and you can pay back the payments you missed over a five-year period. Usually after a year of making the payments, a homeowner can refinance with a reputable company and get a lower interest rate.

Are your workout negotiations with your lender going nowhere?

Not surprised. But we can make it go somewhere in bankruptcy court. Under the Loss Mitigation Program available in the Southern District of New York (Westchester, Rockland, Putnam, Dutchess, Orange, Sullivan, & Manhattan and the Bronx), we can Request a Court Supervised review and modification of your loan.

By way of example, we have successfully reduced a 7% mortgage on $580,000.00 down to only 2% for 5 years, 3 % for 1 year and 4% for the life of the loan, AND placed almost $200,000.00 in arrears at the end of the loan.

Facing a home foreclosure? Run, don't walk to the law office of Michael H. Schwartz, P.C. Contact us online today.

How did your firm decide on the primary area of practice(s)?

I am good at it.

What is your firm's point of view regarding clients educating themselves on legal issues?

Read all you want but make sure you speak with me afterwards.

Is your firm willing to review documents prepared by clients?

We review documents prepared by clients after the initial documents needed to file a case.

Is your firm willing to coach clients who want to represent themselves?

It is not allowed in Bankruptcy Court.

Michael H. Schwartz

Michael H. Schwartz, is the principal of Michael H. Schwartz, P.C., a New York bankruptcy law firm that has been helping individuals and businesses in Westchester, Rockland, and Putnam counties to overcome their debt-related legal issues for more than 30 years. Additionally, the firm handles foreclosure defense for individuals. The firm's office is located at One Water Street, White Plains, NY 10601. To learn more about Michael H. Schwartz, P.C., call (800) On My Side or use the firm's online contact form at http://www.nylegalhelp.com/.
License
  • Bar Number: 1846872
    New York , 1983
Education
  • New York Law School
    J.D. , 1982
    New York, NY
  • City College of New York
    B.A. , 1980
    New York, NY
    Six year College and Law School Urban Legal Studies program sponsored by The
    City College of New York and New York Law School.

* Nolo has confirmed that every member attorney has a valid license and is in good standing with the state agency that licenses lawyers. Any past disbarments and suspensions (with possible exceptions for minor violations or nonpayment of dues, in our discretion) will be indicated accordingly in the badge. Member attorneys are required to notify Nolo immediately if they become the subject of any disciplinary action by any state licensing agency.

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