Rent Stabilization and Bankruptcy in NYC: a Brief History

Rent Stabilization and Bankruptcy in NYC: a Brief History In NYC one of the big topics in Bankruptcy has been trustees selling rent-stabilized leases in Chapter 7 Bankruptcy proceedings.  The problem is that once a debtor files for Chapter 7 Bankruptcy relief they don’t have the right to stop the proceedings.  If they are eligible […]

Once I Decide to File Bankruptcy in New York, What Should I Do to Prepare?

Once I Decide to File Bankruptcy in New York, What Should I Do to Prepare? You are behind on your bills, and unable to pay your mounting credit card bills and unmanageable loans. Maybe you’re sick or injured, or maybe you are facing a levy on your bank account or even a wage garnishment. Your situation is desperate […]

Can I Keep One Credit Card Out of My Bankruptcy in New York City?

Can I Keep One Credit Card Out of My Bankruptcy in New York City? The thought of living without a credit card in this day and age may seem frightening or even impossible. People don’t have savings accounts like they used to, and more consumers are turning to credit cards when they can’t pay their […]

How Can I Keep My Spouse Out of My Bankruptcy in New York City?

How can I keep my spouse out of my bankruptcy in New York City? Married couples in New York City are not required to file for bankruptcy jointly in either a Chapter 7 or Chapter 13 case.  If you file alone however you are required to share certain financial information about your spouse in your […]

Exactly How Will My Credit Report be Affected in Bankruptcy in New York?

Exactly How Will My Credit Report be Affected in Bankruptcy in New York?   One of the biggest things preventing people from filing bankruptcy is the fear of what will happen to their credit report. Our prospective clients in New York City are oftentimes under the impression that their credit will be destroyed for 10 […]

What Can Happen if You Lie About Details of Your Bankruptcy in New York City?

What Can Happen if  You Lie About Details of Your Bankruptcy in New York City?   Making the decision to file for bankruptcy can be daunting. It can be very tempting for some consumers to try to hide assets, transfer funds or otherwise lie on their bankruptcy petition. Desperate times call for desperate measures, but […]

Can I Lose My NYCHA Or Section 8 Apartment If I File For Bankruptcy?

Can I Lose My NYCHA Or Section 8 Apartment If I File For Bankruptcy? Deciding to file for bankruptcy is a big decision.  Financially distressed people usually come to understand that bankruptcy is the only way to overcome their financial troubles, but before they file they need to know what will happen to their home […]

What Happens to My Social Security Benefits in Bankruptcy in NYC?

What Happens to My Social Security Benefits in Bankruptcy in NYC?   When senior citizens or people receiving disability benefits find themselves in a position where they have to file for bankruptcy in NYC, they often wonder if their benefits will be claimed as a result of their bankruptcy proceedings. The federal government has made […]

The Chapter 7 Bankruptcy Timeline in NYC

The Chapter 7 Bankruptcy Timeline in NYC What are the steps, what is the process, and how long does a Chapter 7 bankruptcy take?  Most Chapter 7 bankruptcies in New York City are completed relatively quickly, and are discharged within 3-6 months of the filing date.  Every case is different and a good bankruptcy attorney will know […]