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.
How to Keep Your Tax Refund in Chapter 7 Bankruptcy
Tax refunds are always nice to receive, but what happens if you’re in the middle of bankruptcy? Find out if you can keep your tax refund in Chapter 7 bankruptcy.
Bankruptcy and LLCs: An Essential Guide for Owners
If your business is registered as an LLC and you’re looking to file bankruptcy, it’s important to know your options. Learn more today.
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.
Chapter 7 and Judgments: What You Need to Know
If you had a judgment filed against you, you might be wondering how this will impact your bankruptcy case. It’s possible these debts could be discharged. Find out more today.
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 […]
National Mortgage Settlement Summary
According to the National Mortgage Settlement web site, 49 state attorneys general and the federal government reached agreement to settle a long-running dispute with the country’s five largest loan servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo. The settlement will provide as much as $25 billion in relief to distressed borrowers and […]
Think Twice Before Using a Bankruptcy Petition Preparer
If Your Debts Are No Longer Manageable, Hire a Bankruptcy Lawyer, Not a Petition Preparer If you live in New York City and you are considering using a Paralegal or Bankruptcy Petition Preparer use caution. First of all, do not give any such preparer a consulting fee. Often these paralegals will take the fee and […]
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 […]