Top Questions about Bankruptcy New York
Can creditors still sue or harass me after I file for bankruptcy? Once an individual files for bankruptcy, the automatic stay comes into effect and creditors cannot sue you, garnish your wages or...
View ArticleCommon Bankruptcy Misconceptions and Myths New York
It is up to you and whom you tell. We understand that bankruptcy is a matter of public record, but who will go into public records to search for it? Do you regularly go to the public records database...
View ArticleChapter 13 Eligibility New York
Chapter 13 bankruptcy is not for everyone. Because Chapter 13 requires you to use your income to repay some or all of your debt, you will have to prove to the court that you can afford to meet your...
View ArticleFiling of Chapter 7 Bankruptcy New York
In a Chapter 7 bankruptcy, you can wipe out your debts and receive a "Fresh Start" financially. Chapter 7 bankruptcy is a liquidation where the trustee collects all of your assets and sells any assets...
View ArticleTypes of Bankruptcies New York
The Bankruptcy Code is divided into chapters. The chapters which almost always apply to consumer debtors are chapter 7, known as a "straight bankruptcy", and chapter 13, which involves an affordable...
View ArticleChapter 13 Wage Earner Bankruptcy Process New York
he process begins similarly to a Chapter 7 bankruptcy proceeding, with the filing of a petition by the debtor in the federal Bankruptcy Court. In addition to a list of creditors and a schedule of...
View ArticleChapter 13 Wage Earner Bankruptcy Basics New York
If you're an individual or a sole proprietor, you are allowed to file for a Chapter 13 bankruptcy to repay all or part of your debts. Under this chapter, you can propose a repayment plan in which to...
View ArticleChapter 7 Bankruptcy New York
In a chapter 7 case, the bankruptcy court appoints a trustee to examine the debtor's assets to determine if there are any assets not protected by available "exemptions". Exemptions are laws that allow...
View ArticleRepresenting Debtors & Creditors, File Bankruptcy, Chapter 7 & Chapter 13 New...
The Law Offices of N.M. Gehi has a great deal of experience in chapter 7 and 13 bankruptcies. The bankruptcy law firm's bankruptcy attorneys handle Chapter 7 and Chapter 13 consumer bankruptcy law...
View ArticleChapter 7 Eligibility New York
The 2005 amendments to the Bankruptcy Code introduced the "means test" for eligibility for chapter 7. An individual who fails the means test will have his or her chapter 7 case dismissed or may have to...
View ArticleChapter 13 Bankruptcy New York
In a chapter 13 case, the debtor puts forward a plan, following the rules set forth in the bankruptcy laws, to repay certain creditors over a period of time, usually from future income. A chapter 13...
View ArticleCommon Reasons For Filing Chapter 7 Bankruptcy New York
The common reasons for filing Chapter 7 Bankruptcy New York are Unemployment, Large medical expenses,Seriously over extended credit,Marital problems,Other large unexpected expenses
View ArticleForeclosure and Bankruptcy New York
If you own your home, and are significantly behind in your mortgage payments, the company that owns your mortgage (the "mortgagee") may start legal proceedings to foreclose on your home. The purpose of...
View Article341 Hearing New York
Usually about 1 month after you file your petition, the trustee will hold the "first meeting of creditors" ("341" meeting). You must appear for that meeting. The trustee will ask you questions under...
View ArticleWage Earner Bankruptcy Basics New York
If you're an individual or a sole proprietor, you are allowed to file for a Chapter 13 bankruptcy to repay all or part of your debts. Under this chapter, you can propose a repayment plan in which to...
View ArticleFiling Chapter 7 Bankruptcy New York
Certain debts cannot be discharged in a Chapter 7 bankruptcy filing, such as alimony, child support, fraudulent debts, certain taxes, student loans, and certain items charged. Usually, large credit...
View ArticleNew York Bankruptcy Exemptions
Life insurance proceeds left at death in trust (or some other agreement) with the insurance company: all if the policy has a clause forbidding the proceeds to be used to pay creditors of the...
View ArticleGood News! Many People Are Having Their Debts Discharged Through Bankruptcy...
Have you lost your job, are faced with an overwhelming credit card debt, or cannot make your mortgage payments? It is not important what kind of financial distress you are currently facing. Either way,...
View ArticleCommon Reasons For Filing Chapter 13 Bankruptcy New York
The individual has a sincere desire to repay his or her debt but needs the protection of the bankruptcy court to do so.The individual has disposable income after paying reasonable living expenses.The...
View ArticleChapter 7 Bankruptcy Discharge New York
If creditors haven't filed a suit to stop you from getting out from under your debts within 60 days of the 341 meeting, the court will enter an order granting the "discharge" of all dischargeable debts...
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