How Should I Time the Filing of My Bankruptcy in New York City?
How Should I Time the Filing of My Bankruptcy in New York City? To get the most out of filing for bankruptcy in New York City you need to time your filing date carefully. There are numerous things to consider, and every case is unique. Sometimes it’s best to file immediately, and sometimes best to […]
NYC Bankruptcy Attorney Reviews
NYC Bankruptcy Attorney Reviews Many businesses these days live or die based on their online reviews, and this is the same for many bankruptcy attorneys as well. We are moving from an age of “information” to an age of “referral”. It seems as though everyone now goes to the web to make buying decisions on […]
Chapter 13 Bankruptcy Stops Foreclosure in New York City
Chapter 13 Bankruptcy Stops Foreclosure in New York City The moment a bankruptcy is filed in New York City any mortgage foreclosure action is stopped. To continue foreclosure the mortgage lender must file a motion with the court to lift the “automatic stay”, or wait until the case is over. While a Chapter 7 filing […]
Bankruptcy and Religion- is Bankruptcy Moral?
Bankruptcy and Religion- is Bankruptcy Moral? We have had many recent clients in our Manhattan offices raise concerns over bankruptcy on moral grounds. They clearly need serious debt relief and a fresh start to their finances but they delay filing because they believe bankruptcy is immoral. The idea of forgiveness of debt is actually embedded […]
Does Bankruptcy Deal with My Wife’s, Child’s or Co-Debtor’s Debts in NYC?
Does Bankruptcy Deal with My Wife’s, Child’s or Co-Debtor’s Debts in NYC? If you receive a Chapter 7 or Chapter 13 bankruptcy discharge in New York City the financial responsibility of your co-debtor will remain in effect. They will still be obligated to pay the debt even though your liability has been eliminated. It doesn’t […]
Can I use a Credit Card to Pay for My Bankruptcy in New York City?
Can I use a Credit Card to Pay for My Bankruptcy in New York City? As an attorney I have to advise any client considering bankruptcy in New York City to avoid incurring more debt before filing. If you are thinking about bankruptcy then you are probably already underwater and not paying your bills. By […]
Can I Pay Family Members Back Before or After I File Bankruptcy in New York City?
Can I Pay Family Members Back Before or After I File Bankruptcy in New York City? It’s very common for people who have fallen behind on their bills to turn to family for help. When times get tough most of our clients in New York City would prefer to repay their family before the credit […]
Can I Get Out of My Bar Tab in Bankruptcy?
Can I Get Out of My Bar Tab in Bankruptcy? Remember when you could walk out of a bar or restaurant by simply telling the bartender to “put it on my tab”? It’s been a while since most of us have seen this in New York City, but there are still plenty of neighborhood places, […]
Chapter 13 Bankruptcy in New York City -Top 9 Things to Consider
Chapter 13 Bankruptcy in New York City -Top 9 Things to Consider Chapter 13 bankruptcy protection helps those who have property or income that is beyond the bankruptcy exemptions set forth by the Federal Bankruptcy Code and New York bankruptcy laws. Instead of the discharge you would receive through Chapter 7, Chapter 13 requires you […]
Will Bankruptcy Stop Foreclosure in New York City?
Will Bankruptcy Stop Foreclosure in New York City? If your home in New York City is facing foreclosure, filing for bankruptcy can probably help. Depending on your situation your attorney may advise filing for Chapter 7 or Chapter 13 as both have unique benefits and drawbacks. Chapter 7 will suspend the foreclosure proceedings, delaying the […]