NYC Taxi Medallion Bankruptcy

NYC Taxi Medallion Bankruptcy

Experienced Bankruptcy Lawyer in Queens

The taxi industry in New York City is on a rapid decline. This is primarily due to the recent advent and ever-increasing popularity of ridesharing apps such as Uber, Lyft, and Juno. If these new-age changes have crippled your business and finances, the Law Office of Seni Popat can help.

In an attempt to eliminate their debt and have a fresh start, many taxi medallion owners are exploring their options of filing for bankruptcy under Chapter 7 or Chapter 13. Our NYC taxi medallion bankruptcy attorney is ready to walk you through your options and help you make an informed decision about how to proceed during these difficult times.

Call (718) 340-3385 now to schedule a free consultation with our knowledgeable bankruptcy lawyer.

Know Your Options

Many NYC taxi drivers are struggling to make ends meet these days. Some are facing foreclosure, and others owe their lenders more than their medallion is worth. If you are seeking to get out from under the burdens of your taxi medallion loan, there are a few main options you can consider.

To get out of debt and have a fresh start, you may want to:

  • Renegotiate with your lender for a loan modification that lowers your monthly payments and encapsulates your past-due payments
  • File for Chapter 13 bankruptcy to obtain a manageable three- to five-year repayment plan
  • File for Chapter 7 bankruptcy, surrendering the medallion to your lender and attempting to discharge your future liability
  • Allow the lender to foreclose and retake possession of the medallion and file bankruptcy if they file a motion for a deficiency judgment

We understand that each medallion owner’s situation is different. During a free consultation, we can evaluate your circumstances to determine what option is right for you.

Place Your Case in Our Capable Hands

When you entrust your NYC taxi medallion bankruptcy matter to our care, your case can be handled with the utmost diligence and attention. Let us put our years of experience and knowledge to work to help you get the debt relief you need.

Contact the Law Office of Seni Popat at (718) 340-3385 now for reliable legal counsel and aggressive advocacy in Queens.

Reviews from real clients

  • I had the pleasure of working with Seni Popat. He is a Top Professional!

    “I had the pleasure of working with Seni Popat. He is a Top Professional! I recommend him highly hands down. He's very experienced when it comes to bankruptcy and explains everything in detail when it ...”

    - I Gie – via Google
  • Law Office of Seni Popat is the place to get help.

    “I had debt over 100 thousand in credit cards and loans filing Chapter 7 and thank God for helping me this is a excellent dictator and understanding professional attorney telling everyone who needs a ...”

    - Willie Kornegay - via Google
  • He is very knowledgeable, professional, helpful and was readily available to guide me and advise me through the filing process.

    “I lost my job due to health issues and facing serious financial problems. Credit cards and hospital bills kept piling up and I couldn't sleep. MR.Seni Popat listened to me and advised me on the best ...”

    - James Potter - via Google
  • Seni was absolutely fantastic.

    “Seni was absolutely fantastic. I was super anxious and I had googled for someone that was well known. He came up so I gave him a try. Honestly I do not even write reviews. We met. He responded to me ...”

    - Nicole H. - via Google
  • Mr. Seni Popat is THE BEST bankruptcy lawyer there is.

    “Mr. Seni Popat is THE BEST bankruptcy lawyer there is. He cares for his clients. He goes above and beyond. I was at first very stressed out. After meeting with him it all went away. His office staff ...”

    - Yasmeen Smith - via Google
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Reasons we stand apart

  • Calm, Stress-Free Counsel From Beginning to End
  • Every Case is Handled by Attorney Seni Popat
  • Easily Accessible & Always Available
  • Attention to Detail on Every Case

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& Associations