💣 Drowning in Debt? Here’s the Brutal Truth About Bankruptcy (and How It Could Save Your Life)
Why Most Debt Relief Advice Is Dead Wrong Let’s cut through the noise. You’ve probably been told to “just pay the minimum” or “try debt consolidation first.” But if your debt is snowballing, these “solutions” only delay the inevitable. Here’s the truth: Most people wait far too long to explore bankruptcy—by the time they do, […]
What Are Priority Debts in Bankruptcy?
Discover what priority debts are in bankruptcy, how they differ from other debts, and why they must be paid before most unsecured claims.
How Bankruptcy Affects Renters and Landlords in New York
If you’re filing bankruptcy as a tenant, you DO have options! And, if you are a landlord and your tenant has notified you of their bankruptcy filing, you have protections. Learn more today.
Rising Bankruptcy-Filing Rates Amidst Economic Recession
Facing financial difficulties? Learn how rising bankruptcy-filing rates amidst economic recession can affect you and your options for debt relief.
Is a Corporation or other Business an asset in a Chapter 7 Bankruptcy?
Is a Corporation or other Business an asset in a Chapter 7 Bankruptcy? Whether you have shares in a public company, own an LLC, or have an interest in a partnership they may be of value to a Bankruptcy Estate. First, in a Chapter 7 case the estate becomes property of a Bankruptcy Trustee when […]
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. Â First of all, do not give any such preparer a consulting fee. Â Often these paralegals will take the fee and […]
How do I know Whether to File for Bankruptcy in The SDNY or EDNY if I live in New York City?
If you live in New York City and need to file for Bankruptcy in the Southern District of New York (SDNY) or the Eastern District of New York (EDNY) here is a list of where you should file: SDNY: New York (Manhattan), Bronx, Westchester, Putnam, Rockland, Orange, Dutchess and Sullivan Counties. The SDNY has courthouses […]
Can I Keep My Car if I File for Bankruptcy in New York?
If you file for Bankruptcy in New York there are several options for you to keep your car. Â Much of this depends on whether you file for a Chapter 7 or Chapter 13 Bankruptcy. Â If you file for a Chapter 7 (Liquidation) and you have less than $4,000 in equity (equity= value of the car […]
Will my dependent children be listed on my New York Bankruptcy Petition?
No! Â The Bankruptcy code prohibits full names of minors who are not a party to the Bankruptcy to be listed. Â However, if you are filing for Bankruptcy relief in New York the first and last initials of any such minors should be listed in your petition. If you are considering filing for bankruptcy you should […]
What tax returns need to be given to the Trustee in a New York Bankruptcy Case?
The general rule regarding tax returns is that the most recent tax federal return that was filed with the IRS needs to be submitted to the US Trustees office and the Bankruptcy Trustee after filing a Chapter 7 or Chapter 13 Bankruptcy case. Â In New York City most trustees require the last 2 years of […]