Can I Get Out of My Bar Tab in Bankruptcy?
Can I Get Out of My Bar Tab in Bankruptcy? Remember when you could walk out of a bar or restaurant by simply telling the bartender to “put it on my tab”? It’s been a while since most of us have seen this in New York City, but there are still plenty of neighborhood places, […]
How much Cash Can I Keep if I File Bankruptcy in NYC?
How much Cash Can I Keep if I File Bankruptcy in NYC? If you are considering filing for Bankruptcy in New York you may be able to keep some or all of the cash you currently have. New York State and Federal Bankruptcy exemptions allow debtors to retain certain amounts of cash when filing for […]
Are College Savings Plans in New York City Exempt in Bankruptcy?
Are College Savings Plans in New York City Exempt in Bankruptcy? If you are a parent or grandparent considering bankruptcy you may have concerns over what could happen to the college savings account for your children if you decide to move forward with filing. Understandably, the fear of risking the college education of a loved […]
Can I buy a home after bankruptcy in New York City?
Can I buy a home after bankruptcy in New York City? People considering bankruptcy are often surprised when we tell them that they can buy a home after bankruptcy and that sometimes filing for bankruptcy can even make it easier to buy a home. In fact, for some people it’s actually the fastest path […]
What Is Debt Reaffirmation in Bankruptcy in New York?
What Is Debt Reaffirmation in Bankruptcy in New York? When you agree to debt reaffirmation in bankruptcy you are promising to repay a loan that would have otherwise been discharged in the bankruptcy process. Since the purpose of bankruptcy is to provide you with financial relief by eliminating your debts entirely, as a general rule […]
Can my Doctor or Hospital turn me away/stop treatment if I Declare Bankruptcy in New York?
Can my Doctor or Hospital turn me away/stop treatment if I Declare Bankruptcy in New York? More personal bankruptcies are spawned by health problems than any other financial issue in New York. Unmanageable medical bills are responsible a large number of bankruptcy filings so our clients will often ask about what will happen to their […]
Can Bankruptcy Eliminate a Second Mortgage in New York?
Can Bankruptcy Eliminate a Second Mortgage in New York? With the downturn in the economy after the housing crisis, many homeowners in New York and around the nation found themselves upside down on their home loans. Home values for millions plummeted to below the amount of their mortgages leaving them with no equity in their […]
Will it soon be Easier to Discharge student loan debt in Bankruptcy in New York?
Will it soon be Easier to Discharge student loan debt in Bankruptcy in New York? Responding to baseless claims that too many students would want an easy way out of their student loans congress prohibited federal student loans from being discharged in personal bankruptcy except in cases where a severe undue hardship could be […]
Can I go to Jail in New York City if I Don’t repay my Payday Loan, Credit Cards or other Debt?
Can I go to Jail in New York City if I Don’t repay my Payday Loan, Credit Card bill or other Debt? Being in debt can certainly feel like a prison. Unlike some countries around the world however, in the United States a debtor cannot be put in jail for defaulting on a Payday Loans, […]
What Does “pro se” Mean in Bankruptcy in New York?
What Does “pro se” Mean in Bankruptcy in New York? In Bankruptcy Law “Pro Se” pronounced (pro-say) is the practice of filing for bankruptcy without an attorney. Some legal sources and courts like to use the Latin name instead of plain English as another way to discourage people from filing for bankruptcy on their own. […]