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 […]

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 […]

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 current filing fees are $338 for a Chapter 7 bankruptcy, $313 […]