How and Why to Notify Your Creditors of Bankruptcy
How and Why to Notify Your Creditors of Bankruptcy When you file for bankruptcy in NYC, you do not have to take any more steps to notify your creditors of your actions. The court will contact all the creditors that you listed in the bankruptcy filing and inform them that they cannot take any legal […]
Filing for Bankruptcy When Your Divorce Is Growing Hostile
Filing for Bankruptcy When Your Divorce Is Growing Hostile Bankruptcy and divorce often go hand-in-hand, and in most cases, it is advisable to file for bankruptcy first. This ensures that all the assets and debts are taken care of first, before any division of debts or property starts to become an issue. Additionally, while a […]
DO I GET TO KEEP MY TAX REFUNDS IN A NYC CHAPTER 13 BANKRUPTCY?
DO I GET TO KEEP MY TAX REFUNDS IN A NYC CHAPTER 13 BANKRUPTCY? Each year many American’s count on their tax refund they receive from the IRS and State Taxation agencies to cover expenses like house repair, car repair, paying down credit card balances, summer school for children and last minute emergencies. Typically, an […]
CAN CHAPTER 13 STOP THE NY STATE DEPARTMENT OF TAXATION FROM GARNISHING ME?
CAN CHAPTER 13 STOP THE NY STATE DEPARTMENT OF TAXATION FROM GARNISHING ME? If you are employed in NYC then you have certainly heard of the NYS Department of Taxation. They are more aggressive than the IRS and will act quickly to ensure you pay your taxes. There is even a new law enacted in […]
CAN A CHAPTER 13 HELP ME KEEP MY CAR IN NYC?
CAN A CHAPTER 13 HELP ME KEEP MY CAR IN NYC? If you live in New York City and you are behind on your car payments Chapter 13 can help. Each year there are an overwhelming number of auto repossessions in NYC. It can be embarrassing, humiliating and leave a person stranded to have his […]
What Are The Most Common Reasons People File Bankruptcy?
What Are The Most Common Reasons People File Bankruptcy? First, let me tell you that you are not alone. You are not the only person in New York or the United States who is struggling with debt. Millions of people each day sit in their home and try to decide if they should pay […]
Saving your home through a Chapter 13 Bankruptcy in NYC
Saving your home through a Chapter 13 Bankruptcy One major reason consumers file for a Chapter 13 Bankruptcy is to save their home from a foreclosure. When a person falls behind in their mortgage payments, eventually the bank sends a foreclosure notice to the home owner (usually after three or four missed payments), warning them […]
Does Filing Chapter 13 Get Rid of My Tax Debt?
Does Filing Chapter 13 Get Rid of My Tax Debt? Do you owe personal income taxes? Has the Internal Revenue Service frozen your bank account or initiated wage garnishment? Are you receiving notices stating you are about to lose your assets if you do not pay your tax debt? If you answered yes to […]
NY Court of Appeals Rules that Rent-Stabilized Leases are Now Officially Exempt in Bankruptcy
NY Court of Appeals Rules that Rent-Stabilized Leases are Now Officially Exempt in Bankruptcy Update 9/11/15: Since the Santiago-Montverde ruling some chapter 7 trustees are looking for a case to test the ruling. The NY Court of Appeals ruling explains that the rent stabilized leases can be exempted as a public benefit under NY law. […]
Can I File Bankruptcy in New York if I live in Another Country?
Can I File Bankruptcy in New York if I live in Another Country? Yes, US bankruptcy protection is available to any person with assets in the United States. In almost all cases as long as a debtor owns property or even has a bank account with $.01 in New York City they may file for […]