Stock markets plummet but gold still increases in value
Thanks to Jason Dean in Beijing, Martin Vaughan in Singapore and Richard Bourdeaux in Moscow for their August 3, 2011 Wall Street Journal on Page C3 entitled “Central Banks Join Rush to Gold”. In the midst of what appears to be a worldwide recession Central Banks are increasing their gold reserves and relying less on […]
Victims of Improper Bank Foreclosures May Have Help
Thanks to Dan Fitzpatrick of The Wall Street Journal for his August 3, 2011, article, page C3 “Bank of America in Loan-Foregiveness Talks”. As many of you probably know there has been heated litigation concerning mortgage foreclosures in the past several years. Clever foreclosure defense attorneys have been raising arguments like lack of standing and […]
Tax Discharge and Bankruptcy for Attorneys
How to get Federal and New York State taxes discharged in bankruptcy One common myth regarding bankruptcy is that taxes cannot be discharged. While it is true that most taxes are non-dischargeable, through a rather complicated analysis, many taxes actually are dischargeable through bankruptcy. This will first focus on the taxes that are absolutely non-dischargeable […]
Bankruptcy And Taxes In New York City
First, it is important to understand how a bankruptcy filing works. For individuals or married couples there are 2 main types of filings in New York. This first, and most common, is chapter 7 or “Liquidation Bankruptcy”. When an individual or couple files for chapter 7 a bankruptcy “estate” is created. This covers everything owned […]
How can I file for Bankruptcy without a lawyer?
This post contains the basic steps to filing a consumer bankruptcy case to illustrate the complexities, potential problems and issues that face a consumer who chooses to “go it alone”. Filing bankruptcy is a very involved and difficult process. While this post contains a skeleton outline of how a basic case can progress, every case […]
How much does it cost to file for Bankruptcy?
You should be very careful in choosing the correct lawyer because the consequences can be devastating if your case is not properly handled. During your search to find the right bankruptcy lawyer, please keep in mind the following items: Be wary of non-lawyer paralegals and high volume/low fee bankruptcy attorneys that make claims like “lowest fees”, […]
Chapter 13 Bankruptcy in NYC
About Filing Chapter 13 Bankruptcy in New York City Many people throughout New York City struggle to pay their bills each month, and often find themselves falling farther and farther behind. Failing to take care of these problems can lead to losing your home, car, and personal property. At The Law Office of William Waldner, […]
Chapter 7 Bankruptcy
About Filing Chapter 7 Bankruptcy in New York City Many people throughout New York City struggle to pay their bills each month and often find themselves falling farther and farther behind. Failing to take care of these problems can lead to losing your home, car, and personal property. At The Law Office of William Waldner, we […]
Do I Get To Keep My House And Other Assets In Bankruptcy?
When an individual or married couple files for Bankruptcy, an Estate is created. In this Estate, all of the individual’s or the couple’s belongings are considered to be part of the Estate. These belongings can be protected by listing them as exempt when your Bankruptcy case is filed. There are several rules as to what […]
A Comparison of New York and Federal Asset Exemption Laws
Asset New York Exemption Federal Exemption Homestead (principal Residence) *amount of equity that is exempt $150,000 (Kings, New York, Nassau, Suffolk, Rockland, Westchester, Putnam) $125,000 (Dutchess, Albany, Columbia, Orange, Saratoga, Ulster) $75,000 (all other counties in New York) $21,625 “Wildcard” *can be used on any asset $1,000 if no homestead exemption is used *only […]