Why Hiding Assets in a Bankruptcy is Always a Bad Idea
Why Hiding Assets in a Bankruptcy is Always a Bad Idea Whenever you file for bankruptcy in New York City, you are required to tell the courts about any assets that you may have. In some types of bankruptcy, assets are seized and sold to pay off a percentage of debt. There are certain types […]
Why Debt Settlement Companies May Not Be the Answer
Why Debt Settlement Companies May Not Be the Answer If you’ve been considering filing bankruptcy in New York City, chances are you’ve looked into other means to get out from under debt. One way to take care of debt that many people look into is working with a debt settlement company. But the problem with […]
Why Bankruptcy Can Happen Even If You’re Rich
Why Bankruptcy Can Happen Even If You’re Rich Have you ever wondered how big celebrities go bankrupt? Surely these people have enough money that they don’t need to worry about overwhelming debt. Are they just really bad with their money? From Willie Nelson to Michael Jackson to Mike Tyson, more than a few celebrities and […]
Who Pays the Bills When You File Bankruptcy?
Who Pays the Bills When You File Bankruptcy? Filing for bankruptcy in New York City means that you’ll be able to get out from under many debts all at once. This is an option for those who have insurmountable debt that they have no way of tackling on their own. There are two main types […]
What Not to Do Before Filing Bankruptcy
What Not to Do Before Filing Bankruptcy If you have been considering filing bankruptcy, you’ve probably seen lists of things to do before you start. But do you know that there are things that you should not do before filing? In fact, there are some things that, if done right before filing bankruptcy, could not […]
What Does a Bankruptcy Trustee Do?
What Does a Bankruptcy Trustee Do? If you’ve read any information about bankruptcies, then you’ve seen the phrase “bankruptcy trustee” more than once. Wondering what a bankruptcy trustee is, and what they do? Keep reading! A bankruptcy trustee is the court-appointed person who oversees your bankruptcy. Think of them as the case manager. They are […]
Myth Busting Bankruptcy in NYC
Myth Busting Bankruptcy in NYC If you or a family member has considered filing for bankruptcy in New York City, you may have run into quite a lot of information that didn’t make much sense. Unfortunately, there are a lot of myths about bankruptcy that make it hard for people to get the truth when […]
Is Bankruptcy the Right Step? Here Are 5 Signs
Is Bankruptcy the Right Step? Here Are 5 Signs Are you drowning in debt and wondering how you’ll ever get free? One option available to you is to file for bankruptcy. While this is a great tool that can truly help you get free of debts, it is definitely a very significant step with many […]
How Much Does It Cost to File Bankruptcy in NYC?
How Much Does It Cost to File Bankruptcy in NYC? If you’ve been trying to find out how much you’ll end up paying to file bankruptcy in NYC, you may not like the answer. Unfortunately, the amount that your bankruptcy will cost you varies greatly depending on many factors. Some of those factors include: How […]