December 2013 - Bankruptcy Attorney in Brooklyn, New York

When Can Lenders Challenge the Dischargeability of Credit Card Debt?

Bankruptcy, Credit cards, Debt / By Matt Leichter

Back in October, we discussed the ten situations in which parties can file adversary proceedings. One situation that occurs frequently is the sixth one: determining the dischargeability of a debt. In New York bankruptcy, the type of debt creditors sometimes try to shield from discharge is credit card debt. Because most chapter 7 bankruptcies involve …

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Report: N.Y. College Graduates’ Student Loans Below National Average

Debt / By Matt Leichter

In early December, the Project on Student Debt (“Project”) published its annual report on the average amount of student loan debt taken out by 2012 college graduates. It found that last year, graduates left school with $29,400 in loans on average, up from $26,600 in 2011. The Project calculates that graduate student loan debt levels …

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Supreme Court to Decide Fate of Inherited IRAs in Bankruptcy

Bankruptcy, Trustee / By Matt Leichter

The topic of how to deal with an inherited underwater house came up recently, as did the unanswered question of whether a rent-stabilized apartment in New York City is an asset that can be included in the bankruptcy estate and liquidated by the trustee to repay chapter 7 creditors. Both issues are partly combined in …

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Two Pieces of Bad News for New York Homeowners

Bankruptcy, Debt, Legislation, Mortgage / By Matt Leichter

It’s December, and one thing that often happens this time of year is temporary tax code provisions that are designed to benefit homeowners expire. What’s more is that many homeowners’ mortgage payments are going to start to rise soon too, possibly creating financial difficulties. Both developments might force New York homeowners to consider filing bankruptcy. …

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What Happens If I Inherit an Underwater House?

Mortgage / By Matt Leichter

There’s plenty of advice out there for dealing with an underwater house via New York bankruptcy, but it’s another question entirely when you inherit one. Given that so many underwater homeowners are older Americans, it’s not as unusual a situation as one might think. So the question arises: What do you do if you inherit …

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Filing Bankruptcy Again

Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt / By Matt Leichter

The recession that began in 2008 was very severe because it was caused by excessive borrowing by households. As people became unable to repay their mortgages, they defaulted, leaving many homeowners underwater in their mortgages. The obvious response was a wave of bankruptcy filings. The recovery after the recession has not been particularly good, so …

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(718) 855-6840

The office is open as per the NYS Covid-19 guidelines. We are now doing both in-person and telephone consultations. Please call the office at 718-855-6840 to schedule a time to speak with one of our experienced bankruptcy attorneys.

When Can Lenders Challenge the Dischargeability of Credit Card Debt?

Report: N.Y. College Graduates’ Student Loans Below National Average

Supreme Court to Decide Fate of Inherited IRAs in Bankruptcy

Two Pieces of Bad News for New York Homeowners

What Happens If I Inherit an Underwater House?

Filing Bankruptcy Again

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