NYC Chapter 7 Bankruptcy Attorney Fees

NYC Chapter 7 Bankruptcy Attorney Fees The issue of Chapter 7 Bankruptcy attorney fees is one of the top search queries on the Internet.  First, there is a $306 filing fee and then attorney’s fees.  Those attorney’s fees can be paid in installments.  Legal fees start at $500 and go up from there.  I can only speak for my […]

Is a Corporation or other Business an asset in a Chapter 7 Bankruptcy?

Is a Corporation or other Business an asset in a Chapter 7 Bankruptcy? Whether you have shares in a public company, own an LLC, or have an interest in a partnership they may be of value to a Bankruptcy Estate.  First, in a Chapter 7 case the estate becomes property of a Bankruptcy Trustee when […]

Can I get out of credit card debt in a New York bankruptcy?

Can I get out of credit card debt in a New York bankruptcy? Bad credit card debt is the most common problem facing most consumers considering bankruptcy today.  The good news is that in almost all cases your unmanageable credit card debt can be eliminated or extremely reduced in both Chapter 7 and Chapter 13 […]

Which debts are dischargeable in bankruptcy?

Recent job loss, mounting medical bills or perhaps some other unexpected money problem is taking control of your life.  You can’t pay; you’re sinking in debt through no fault of your own, and are desperately in need of a fresh start.  You have done your homework, and you know that bankruptcy is the best option […]

Is the bankruptcy means test necessary for me?

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created the bankruptcy means test as a way to prevent abuse of the Chapter 7 bankruptcy system.  The means test is a formula devised to restrict bankruptcy petitioners with higher incomes from wiping out their debt entirely under Chapter 7 when they could be repaying […]

Should I represent myself in NYC bankruptcy court?

The U.S. Courts might say it best on their website.  “While individuals can file a bankruptcy case without an attorney or “pro se,” it is extremely difficult to do it successfully.” Filing for bankruptcy in New York is very complicated.  Most attorneys will agree it is generally a bad idea to go it alone in […]

What is the cost of Chapter 7 Bankruptcy in New York City?

Chapter 7 is the most common type of consumer bankruptcy. It is the most straightforward bankruptcy filing, and is the option of choice for those with no assets. The cost for a chapter 7 filing varies with attorney fees and with the complexity of your particular case. Some will attempt to file for Chapter 7 […]

Do Bankruptcy attorneys accept payment in installations?

If you are considering a bankruptcy you are obviously experiencing some major financial hardships. You may have come to the conclusion that bankruptcy is the right course for you, but now realize you’ll have to find a way to pay for the bankruptcy too. Sadly, in this day and age many consumers feel too broke […]

What Bankruptcy Laws Apply in NYC? Can I Protect Cash, Cars, Homes and Other Assets?

Which bankruptcy exemptions apply in NYC? One of the most important topics to consider in consumer bankruptcy are exemptions.  Exemptions are important because they allow us to keep our valuables.  If you could sell an asset (any tangible or intangible property) and make a profit, that profit would be considered your equity in the asset.  […]

How Much Does Bankruptcy Cost in NYC?

How much does bankruptcy cost in NYC? The answer depends on whether you file pro se (without an attorney), with an attorney or pay a petition preparer to prepare your paperwork.  I will try to outline the typical costs for each: Filing Fees: The filing fees recently increased to $306 for a Chapter 7 bankruptcy, […]