💼 Bankruptcy Isn’t Failure — It’s a Financial Power Move (Here’s Why Millions Are Filing in 2025)
The New Narrative: Bankruptcy = Strength, Not Shame Let’s get real. For years, bankruptcy has been stigmatized as a sign of failure. But in 2025, people are reclaiming the word—and turning it into a bold, strategic move toward freedom. From CEOs to single moms, tens of thousands are filing every month. Why? Because in an […]
2025 Chapter 7 Bankruptcy FAQs in New York: Updated Exemptions & What You Need to Know
Filing for Chapter 7 bankruptcy can feel stressful, but New York’s 2025 exemption updates offer powerful protections for your property. Here’s everything you need to know, including the latest exemption increases and key facts about Chapter 7 bankruptcy in New York. 1. What Exactly is Chapter 7 Bankruptcy? Chapter 7 bankruptcy, also called “liquidation bankruptcy,” […]
📰 New High‑Court Ruling: What United States v. Miller Means for You
đź“° New High‑Court Ruling: What United States v. Miller Means for You On March 26, 2025, the U.S. Supreme Court issued a new ruling in United States v. Miller, 145 S. Ct. 839. It confirms that while bankruptcy trustees can act under Section 544(b), they cannot recover payments made to the federal government if no private creditor could have done so under state […]
Can I File for Bankruptcy Virtually with an Attorney in New York?
Can I File for Bankruptcy Virtually with an Attorney in New York? Filing for bankruptcy can be stressful — especially when you’re juggling work, family, and financial uncertainty. The good news? If you’re in New York (or anywhere in the U.S.), you can now file for bankruptcy virtually with a licensed attorney. That means no […]
New York Homestead Exemption in 2025
New York Homestead Exemption in 2025 (State vs. Federal Exemptions – Updated Figures) For New York homeowners filing bankruptcy in 2025, it’s crucial to understand your homestead exemption options. New York is a choice state—if you’ve lived here for at least two years, you can choose between the New York state exemptions or the federal […]
Filing Bankruptcy in the Eastern District of New York: What to Expect
If you’re struggling with debt and live in Brooklyn, Queens, Staten Island, or Long Island, your bankruptcy case will likely be filed in the Eastern District of New York (EDNY). This federal district handles thousands of Chapter 7 and Chapter 13 cases every year. This guide explains what to expect when filing bankruptcy in EDNY, […]
Filing Bankruptcy Again? Why the Automatic Stay Might Not Protect You This Time
One of the biggest benefits of filing for bankruptcy is the automatic stay—the court order that makes debt collectors stop in their tracks. Phone calls? Gone. Lawsuits? Paused. Foreclosures? Halted. But what if this isn’t your first rodeo? If you’ve filed bankruptcy once—or more than once—within the past year, the automatic stay may only partially […]
Chapter 13 Bankruptcy in New York: What It Is and How It Can Save Your Home (2025 Guide)
If you’re falling behind on your mortgage, facing foreclosure, or overwhelmed by debt in New York, Chapter 13 bankruptcy could be the lifeline you need. Unlike Chapter 7, which eliminates debt by liquidating assets, Chapter 13 offers a way to restructure your finances and keep your property. This 2025 guide will explain everything New Yorkers […]
Is It Better to Settle Debt or File Bankruptcy? A Long-Term View
If you’re overwhelmed with debt, you may be weighing two options: debt settlement or bankruptcy. Both can offer relief, but they work very differently—and the long-term consequences can vary dramatically depending on your income, asset level, and goals. In this blog, we’ll walk through the pros and cons of each option, focusing on what works […]
What Debts Can and Can’t Be Discharged in Bankruptcy (New York Edition)
Filing for bankruptcy in New York can offer powerful relief—but not all debts go away. Some obligations survive your case and continue after discharge, especially if they’re tied to family court, fraud, or the government. This guide explains which debts are dischargeable and which are non-dischargeable, with a focus on New York law and Second […]