What if the Bank Can’t Prove They Own My Home in a Bankruptcy Case in New York City?
What if the Bank Can’t Prove They Own My Home in a Bankruptcy Case in New York City? It might just be your lucky day, but understand first that our bankruptcy clients rarely lose their homes or cars in the bankruptcy process anyway. There have been some interesting bankruptcy cases since the mortgage meltdown that […]
Will my Bankruptcy Case Help My Co-Debtors in New York City?
Will my Bankruptcy Case Help My Co-Debtors in New York City? Unless you are married a Chapter 7 bankruptcy will not help your co-debtor with their portion of a shared debt in New York City. Once you receive your Chapter 7 discharge the financial obligations of your co-debtor will remain. In a Chapter 13 bankruptcy […]
Can I File a Joint Bankruptcy case with my Boyfriend or Girlfriend in New York City?
Can I File a Joint Bankruptcy case with my Boyfriend or Girlfriend in New York City? Unfortunately, only legally married couples in New York City may file bankruptcy together jointly. While many unmarried couples have joint debt and may be overwhelmed by the bills they share, filing jointly is a bankruptcy privilege only married couples […]
Can Lesbians File for Bankruptcy in New York City?
Can Lesbians File for Bankruptcy in New York City? Of course, while women’s and gay rights may still have a ways to go yet your sexual orientation will not even be disclosed in your bankruptcy unless you are filing jointly with your spouse. And the good news there is that legally married gay and lesbian […]
Can I Help my Children get Student Loans if I File Bankruptcy in New York City?
Can I Help my Children get Student Loans if I File Bankruptcy in New York City? Filing for bankruptcy in New York City is a big decision already. Many of our clients are concerned that the consequences of their bankruptcy could extend to their children in some way, and we are asked a lot if […]
Do I pay Taxes on Debts Discharged in Bankruptcy in New York City?
Do I pay Taxes on Debts Discharged in Bankruptcy in New York City? No. One of the biggest advantages of bankruptcy over other forms of debt consolidation is the elimination of any tax liabilities on your discharged debt. If you file bankruptcy there will be no taxes associated with your discharge. Any debts settled outside […]
What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy in New York City?
What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy in New York City? There are numerous ways to file bankruptcy described under the various “chapters” of the US Bankruptcy Code. The most common types of consumer bankruptcy we file in New York City are Chapter 7 and Chapter 13 cases. Both of these bankruptcy […]
Will a Trustee Look at My Bank Accounts if I file Bankruptcy in New York City?
Will a Trustee Look at My Bank Accounts if I file Bankruptcy in New York City? If you file for bankruptcy in New York City the bankruptcy trustee assigned to your case will review the information provided in your bankruptcy paperwork to learn about your financial history. They may look through your bank account […]
Can my Parents pay for my Bankruptcy in New York City?
Can my Parents pay for my Bankruptcy in New York City? Many young people today struggle with serious debt, especially in New York City where the cost of living is higher than almost anywhere else in the world. It makes sense that people on the verge of bankruptcy might have trouble coming up with […]
Will my Spouse find out if I filed Bankruptcy in New York City?
Will my Spouse find out if I filed Bankruptcy in New York City? Married people in New York City have the option of filing bankruptcy jointly with their spouse, or individually without their spouse. Everyone has an individual credit score and credit history, so your husband or wife’s bankruptcy will not affect your credit report […]