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 in Queens.

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

  • He really went above and beyond through my bankruptcy case.

    “Seni is absolutely amazing! He really went above and beyond through my bankruptcy case. I was very nervous not knowing what to expect, so I'm so happy I had the pleasure of having someone as caring as ...”

    - Jazzy T., via Google
  • He calmed my nerves before, during, and after the process.

    “Seni Popat did an excellent job with my bankruptcy, he made the process extremely smooth, not only did he calmed my nerves before, during, and after the process he handled everything with absolute ...”

    - Joseph T., via Google
  • I would recommend to him everyone.

    “Seni is a great attorney. I chose him from other Bankruptcy lawyers because he was more caring at the first consultation and charged a very reasonable legal fee. He got me a discharge for my Chapter 7 ...”

    - Fred J., via Google
  • I’m so confident in Seni, I’d recommend him to anyone needing an attorney.

    “It’s an absolute pleasure writing this review for Seni Popat and his Law Office. My mother looked up Seni and he quickly responded to her calls. He provided all the answers she needed and was quickly ...”

    - Andy S., via Google
  • A lawyer who takes the time to manage all aspects of your case personally.

    “Seni is an amazing lawyer who cares about your case, very pleasant, professional and intimate with your legal matters. He always kept me informed and up to date with my case information along with ...”

    - Julio R., 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

Awards

& Associations