Understanding the Role of a Chapter 7 Trustee in New York
Discover what is the role of a chapter 7 trustee in New York, from locating nonexempt assets to representing creditors’ interests and more.
Will Bankruptcy in New York Affect My Tax Refund?
Tax Day is the federal individual tax filing and payment deadline, and it generally falls on or around April 15. This year, Tax Day is on Tuesday, April 18, 2023. This means that you’ll have to submit your individual tax returns and tax payments to the IRS on this date so you don’t get hit […]
Can Bankruptcy In New York Eliminate Tax Debt?
Tax debt is one of the most frustrating debts a person can have. The creditors can be aggravating, but no one is quite as merciless as the IRS. The IRS has the power to shut down your business, seize assets, garnish wages and even withhold Social Security benefits. Until you pay your taxes, the IRS […]
Wage Garnishment Help: Navigating and Resolving Issues
Discover wage garnishment help with our comprehensive guide on navigating and resolving issues, from understanding the process to negotiating payment plans.
Multiple Bankruptcy Filings: When Can I File Bankruptcy Again in New York?
If you’ve filed bankruptcy in the past, you might be wondering if you can file again. The good news: A person is fully entitled and permitted to file bankruptcy more than once. The bad news: There is a lengthy waiting period in between filings. Your waiting period depends on several factors, including whether or not […]
What is a ‘Presumption of Abuse’ in Bankruptcy?
When you file for Chapter 7 bankruptcy in Brooklyn NY, you need to meet certain requirements. Bankruptcy is meant to be a last-resort option, as it has both financial and credit consequences. Not only will you be required to complete a credit counseling course, but also you’ll have to meet certain income guidelines in order […]
Will Bankruptcy Affect Your Current or Future Employment in NY?
When you file for bankruptcy in New York, you’ll be notified of the consequences that may follow, such as a drop in your credit score and higher interest rates. But what many people aren’t sure of is how their bankruptcy will affect their employment. You’ll be glad to know that bankruptcy shouldn’t affect your current […]
How Bankruptcy Can Stop Foreclosure in New York
If you cannot afford your monthly mortgage payments on your New York home, the lender will eventually begin foreclosure proceedings to collect the debt. If you don’t act in a timely manner, you could lose your home, and your credit score will tank. This will make it difficult to buy or rent another property in […]
Why Every Bankruptcy Case Gets a Trustee
When navigating the bankruptcy process, you may come across the term “bankruptcy trustee.” But what exactly is a bankruptcy trustee, and what role do they play in the bankruptcy proceedings? Let’s shed light on the crucial role of a bankruptcy trustee, their responsibilities and their impact on the bankruptcy process. Understanding this information will help […]
How Does Filing Chapter 7 or Chapter 13 Bankruptcy Affect Your Credit
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. If you are unable to manage your debt, you can file Chapter 7 or Chapter 13 bankruptcy. While this may not be the ideal outcome, bankruptcy stops creditors from taking action to collect their debts and repossess […]