Do I Really Need an Attorney to File Bankruptcy in Yonkers NY?
While bankruptcy has a significant impact on your credit score, it is repairable. With time and responsible financial practices, you can improve your creditworthiness. Fortunately, you’ll learn a lot about creating a budget, establishing an emergency fund and demonstrating responsible credit behavior through your credit counseling class, which is part of the bankruptcy process. […]
Navigating Bankruptcy Laws in Brooklyn NY: Key Considerations and Legal Insights
When you’re facing overwhelming debt, bankruptcy can offer the lifeline you’re looking for. Even though some people are hesitant to file bankruptcy, this process is intended to help those going through financial hardship. Rather than digging yourself into a deeper hole, you can get the fresh start you need. That being said, the bankruptcy […]
Inherited IRA Bankruptcy: Navigating Protection and Risks
Explore inherited IRA bankruptcy, learn to protect assets and understand risks in Chapter 7 and 13 filings with our informative guide.
Don’t Let A Spouse’s Bankruptcy Rob Your Refund
This article was orignally published in Forbes. For the original article click here Picture this: Your spouse’s small business goes bankrupt, and your spouse along with it. (Or worse: You go bankrupt, and you have to tell your spouse about it.) You hang on to the house and some other assets that are in your […]
What Happens To Your Business Assets In A Personal Bankruptcy?
This article was originally published on Forbes. For the original article click here In my last article, we saw what can happen when a business bankruptcy intrudes on personal finances — with potentially disastrous consequences for an innocent spouse. But what if you’re facing personal bankruptcy despite owning and operating a successful business? And what better […]
The Essentials Of Chapter 7 Bankruptcy
This article was originally published in Forbes. For the original article click here Right off the bat, let’s dispense with bankruptcy’s stigma. While the notion of erasing valid debts and starting fresh doesn’t sit well with everyone, it’s a concept as old as Moses. More than that, bankruptcy is an essential tool for a market […]
The Ins And Outs Of The New Small Business Bankruptcy Option
This article was originally published on Forbes. Click here for the original article You might have missed it amid all the goings-on since then, but in August 2019, a new law was passed that gives small businesses (and individuals/married couples) a new and simplified way to go through bankruptcy without needing to sell off their […]
Subchapter V: A Small Business Lifeline Just In Time
This article was originally published in Forbes. Click here to see the original article Though bankruptcy is a complex process, the concept is simple. If your business income — or your personal income, if you’re contemplating a personal bankruptcy — isn’t enough to meet your debt obligations, you’re probably “bankrupt,” at least insofar as you’re […]
Knowing When To Bite The Bankruptcy Bullet
This article was originally published on Forbes. Click here for the link Hitting the reset button is never easy. It can feel like you’re blowing up everything you’ve built, and it’s hard to focus on anything but the loss. But when things have taken a turn for the worse, and what you’ve built has already […]
Understanding Chapter 13 Bankruptcy For Independent Business Owners In Need
This article originally apeared on Forbes. Click hear for the original Not all bankruptcies are created equal. There are times when it’s unquestionably time to let go of opportunities that didn’t pan out, in which case a liquidation bankruptcy — generally governed by Chapter 7 of the U.S. Bankruptcy Code — might be the best […]