Is Bankruptcy In Person or Can I Do It by Zoom? (2025 Edition)
Over the past few years, bankruptcy courts have adapted in a big way. If you’re wondering whether you still have to walk into a courtroom to file for bankruptcy in 2025, the answer may surprise you. Here at The Law Office of William Waldner, PC, we’ve been getting more and more clients asking: “Can I […]
When Bankruptcy Is the Smartest Financial Move in New York
Filing bankruptcy isn’t failing; it can actually be a smart financial move on your part. Discover the ways that bankruptcy can help you get back on your feet and actually improve your finances—not hurt them.
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. First of all, do not give any such preparer a consulting fee. Often these paralegals will take the fee and […]
Who May reopen a chapter 7 Bankruptcy case in Manhattan?
In New York City once a Bankruptcy case has been discharged a debtor or any party in interest may reopen the case. For instance, if Dell computers never received actual notice of a Chapter 7 filing and there were assets distributed he can have the case reopened to contest the discharge or seek monetary damages. […]
Will I have to go to court in a Chapter 7 Bankruptcy Case in New York?
In New York City when a chapter 7 case is filed a Trustee and a judge is assigned to the case. The Trustee’s duty is to administrate the case so that there is less of a burden placed on the court system. The judicial system is only used in Consumer Bankruptcy cases to resolve disputes […]
Can I keep my car in a New York Bankruptcy case?
In New York debtors are allowed to keep 1 car in a chapter 7 Bankruptcy and an unlimited number of cars in a chapter 13 Bankruptcy. Here is how it works. You are allowed to keep up to $4,000 in equity in a vehicle ($10,000 if it is a handicapped vehicle). So if your car […]
What questions will the Bankruptcy Trustee ask at my 341 meeting of creditors in New York
Here is an outline of what to expect in Manhattan (Southern District of New York) and Brooklyn (Eastern District of New York) Bankruptcy meeting of creditors. Currently, do to the COVID virus the meetings are being done over the phone or via zoom. You will still need your license and social security card with you. […]
What are the Requirements to file for Bankruptcy?
Anyone, whether or not a US citizen may file for bankruptcy as long as he/she has property, resides in the US or has a business in the US. The individual does not even need to live in the US as long as they have assets in the US. Children can file either through a court-appointed […]
How to Determine if you can keep your home in Chapter 7 Bankruptcy
Filing for Bankruptcy does not automatically mean that you will lose your home. If the property is your primary residence, then you can likely keep you home if there is under $150,000 equity ($300,000 equity for joint filers) in your, home and you live in New York City. First, it is important to find out the value […]