Filing for bankruptcy and having your debts discharged could be one of the best decisions you have ever made. You are ready to start over without the burden of overwhelming debt. Although bankruptcy was the right choice for you, you are likely to still face some...
Year: 2022
We help New Yorkers file Chapter 7 bankruptcy
As it looks more and more likely that the economy is headed for a recession, debt struggles are back in the news. People are once again talking about their financial struggles, and bankruptcy, especially Chapter 7 bankruptcy, is back in the headlines of Long Island...
Preparing for your Chapter 11 bankruptcy case
If your business is facing financial hardship, you’re probably trying to find a way to alleviate your debt obligations and return to stable operations. It’s not an easy task, but you might be able to leverage the bankruptcy system to your advantage by pursuing a...
Can Chapter 13 bankruptcy stop home foreclosure?
Many New Yorkers have credit card debt, car loans, mortgages, personal loans, medical debt and other forms of debt. Most of the time, carrying these types of debt isn’t so bad. However, circumstances in life can change and sometimes they change quickly. Some of these...
What debts can (and can’t) be discharged in Chapter 7 bankruptcy?
When you file for personal bankruptcy under Chapter 7 of the U.S. Bankruptcy Code, you have two main goals. The first is to stop your creditors from bothering you. This is accomplished as soon as you file and the court issues a stay -- a legal order that prohibits...
What documents do I need to file for New York Chapter 7 bankruptcy?
We are living during a time where the cost of living is increasing, mortgage rates are rising, grocery inflation is pressing and a hospital trip can become financially devastating. If you find yourself considering bankruptcy as a result, and decide to pursue Chapter 7...
Can I transfer money into a trust to avoid losing it in bankruptcy?
When living in fear of debt and potential financial collapse, we all think of ways out. Perhaps, you thought about bankruptcy, but are afraid you will have to start over again after. This may lead some New Yorkers to wonder if they can just transfer everything they...
The differences between Chapters 7 and 13 bankruptcy
Why do bankruptcy cases sound like Dickens novels? Chapters are named after their place in the United States federal bankruptcy code. While they may not be as interesting as those novels, they can offer people a financial lifeline when they are drowning in debt....
Medical debt can lead to bankruptcy, but help is here
The United States is drowning in medical debt. According to the Kaiser Family Foundation, Americans owe more than $200 billion in medical debt. Four in 10 Americans have some form of medical debt. Half of that debt is on our credit reports, according to the Consumer...
Should I consider filing bankruptcy during a divorce?
The marriages of many Long Island couples suffer under financial distress. Many might even think that financial problems and divorce go hand-in-hand, although of course martial problems are usually complicated and have many causes. Because so many New Yorkers with...