Will my job find out if I file for bankruptcy in New York?
As our clients begin to realize the benefits of filing for bankruptcy, and the financial relief it will bring them, one of the first things they want to know is if their employer will find out. Some people even worry that they could be fired if their boss were to learn of their bankruptcy. While […]
Should my corporation file bankruptcy?
Probably not. Generally speaking, our clients with single owner corporations and LLCs are better served by filing for personal bankruptcy than corporate bankruptcy. Many consumers are not aware that personal bankruptcy will help rid them of most business debts and the personal guarantees tied to the business they are closing. By and large filing for bankruptcy […]
Can you stop IRS wage garnishment with bankruptcy?
Consumers facing serious financial hardship are commonly falling behind with the IRS too. Even though letters are coming from the federal government the unpaid tax notices start piling up with the rest of the bills anyway. When any debt becomes severely delinquent, creditors including the IRS have the ability to garnish wages. Unlike other creditors […]
What is the most common profession that files for bankruptcy in New York City?
Any consumer regardless of occupation can be driven to the point of bankruptcy if hit by the perfect financial storm. Unexpected medical expenses, overextended credit, income reduction and divorce continue to drive most bankruptcy filings. More bankruptcies are caused by these true financial hardships than by reckless or irresponsible spending, and bankruptcy filings tend to […]
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 to modify a 2nd mortgage using Chapter 13 bankruptcy
One of the best benefits of chapter 13 Bankruptcy is the leverage it gives us when dealing with mortgage companies. In many cases we can not only modify but even completely wipe out second and third mortgages. This process is called lien stripping. It is important to recognize that almost all judges in New York […]
Who is the best bankruptcy attorney in NYC?
Who is the Best Bankruptcy Attorney in NYC? In New York City there are just about as many lawyers as there are restaurants. And with such a grim economy there are quite a few New York Bankruptcy Lawyers. This post is designed to give you an idea of what to look for with a Bankruptcy […]
Will I Lose My New York Apartment in Bankruptcy?
Will I Lose my NYC apartment in bankruptcy? People who live in New York City recognize the value of an apartment lease. Often people pay one or two months of rent upfront, plus a security deposit, before they can begin an apartment lease. The ability to come up with so much money can be just […]
Jewish Bankruptcy Attorney in New York City
Jewish Bankruptcy Attorney in New York City When people in New York City need legal representation for any matter they will often look for an attorney of similar faith. Bankruptcy is no different, and we have people of all faiths come to our office wanting to know about not only the financial consequences of bankruptcy, […]
Think Twice Before Using a Bankruptcy Petition Preparer
If Your Debts Are No Longer Manageable, Hire a Bankruptcy Lawyer, Not a Petition Preparer If you live in New York City and you are considering using a Paralegal or Bankruptcy Petition Preparer use caution. First of all, do not give any such preparer a consulting fee. Often these paralegals will take the fee and […]