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 […]
Frequently Asked Questions
The following are some frequently asked questions and answers about Bankruptcy. This is not intended to be used as legal advice. If you have further questions, please contact the Law Office of William Waldner to speak with an attorney about your options. What happens when I file? When you file a bankruptcy with the court, […]
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 […]