NY Business Bankruptcy: Options for Sole Proprietors, LLCs
Sometimes, businesses need financial help, too. Learn more about business bankruptcy in New York, the various options available (Chapter 7, 13, and 11), and how to navigate each one.
Chapter 13 Bankruptcy in Westchester NY
Looking to file Chapter 13 bankruptcy? Here’s everything you need to know about filing Chapter 13 in Westchester NY.
Do I Have to Go to Court for Bankruptcy? What to Expect
Wondering if bankruptcy involves a lengthy court process? Luckily, it usually does not. Learn more today about what’s expected from you when filing bankruptcy.
Can I get out of credit card debt in a New York bankruptcy?
Can I get out of credit card debt in a New York bankruptcy? Bad credit card debt is the most common problem facing most consumers considering bankruptcy today. The good news is that in almost all cases your unmanageable credit card debt can be eliminated or extremely reduced in both Chapter 7 and Chapter 13 […]
How do I know Whether to File for Bankruptcy in The SDNY or EDNY if I live in New York City?
If you live in New York City and need to file for Bankruptcy in the Southern District of New York (SDNY) or the Eastern District of New York (EDNY) here is a list of where you should file: SDNY: New York (Manhattan), Bronx, Westchester, Putnam, Rockland, Orange, Dutchess and Sullivan Counties. The SDNY has courthouses […]
Can I Keep My Car if I File for Bankruptcy in New York?
If you file for Bankruptcy in New York there are several options for you to keep your car. Much of this depends on whether you file for a Chapter 7 or Chapter 13 Bankruptcy. If you file for a Chapter 7 (Liquidation) and you have less than $4,000 in equity (equity= value of the car […]
Will my dependent children be listed on my New York Bankruptcy Petition?
No! The Bankruptcy code prohibits full names of minors who are not a party to the Bankruptcy to be listed. However, if you are filing for Bankruptcy relief in New York the first and last initials of any such minors should be listed in your petition. If you are considering filing for bankruptcy you should […]
What tax returns need to be given to the Trustee in a New York Bankruptcy Case?
The general rule regarding tax returns is that the most recent tax federal return that was filed with the IRS needs to be submitted to the US Trustees office and the Bankruptcy Trustee after filing a Chapter 7 or Chapter 13 Bankruptcy case. In New York City most trustees require the last 2 years of […]
Who May reopen a chapter 7 Bankruptcy case in Manhattan?
In New York City once a Bankruptcy case has been discharged a debtor or any party in interest may reopen the case. For instance, if Dell computers never received actual notice of a Chapter 7 filing and there were assets distributed he can have the case reopened to contest the discharge or seek monetary damages. […]
Will I have to go to court in a Chapter 7 Bankruptcy Case in New York?
In New York City when a chapter 7 case is filed a Trustee and a judge is assigned to the case. The Trustee’s duty is to administrate the case so that there is less of a burden placed on the court system. The judicial system is only used in Consumer Bankruptcy cases to resolve disputes […]