What is a Chapter 11 bankruptcy, do they ever happen in Brooklyn, NY, and do I need Chapter 11 bankruptcy attorneys to file a Chapter 11 case? 1. Chapter 11 bankruptcy is “reorganization,” as opposed to Chapter 7 “liquidation.” It’s frequently used by corporations that need bankruptcy protection. And it’s also often used by individuals …
Can creditors call you at work in New York? Under the fair debt collection law (known as the Fair Debt Collection Practices Act), the answer is YES–UNLESS you tell them that you cannot take calls at work. And you can communicate this to a debt collector either orally or in written form. It is important …
Can creditors call you at work in New York? How to stop creditors from calling you Read More »
Medical issues — including medical debt and time lost from work — are responsible for more than 66% of all bankruptcies in the U.S. — and medical debt alone accounts for more than 58% of these. People often think that medical debt has some special status. But if you consult with any experienced Brooklyn debt …
Bankruptcy and medical bills: Dealing with medical debt Read More »
“How do I declare bankruptcy?” The first step (not required, but strongly advised given the increased complexity of the bankruptcy process today, thanks to the 2005 law) is to find an experienced and trustworthy New York bankruptcy attorney. The second step to filing bankruptcy is to figure out if you should file for Chapter 7 …
How do I declare bankruptcy in New York? And can I file bankruptcy without my spouse? Read More »
You’re running a business and are considering filing for corporate bankruptcy in Brooklyn or elsewhere in New York. What are your options and what do you need to know? First, if you’re a corporate entity, you need to work with a bankruptcy attorney (preferably one with substantive corporate bankruptcy filing experience in New York). Second, …
Filing For Corporate Bankruptcy: A few things to know Read More »
If you own a small business in Brooklyn, New York and are facing financial difficulties, it’s important to know that filing business bankruptcy is an option for you. What kind of business bankruptcy information do you need to proceed? First, you need a lawyer. Preferably an experienced Brooklyn business bankruptcy lawyer. Second, you need to …
Business Bankruptcy Lawyers in Brooklyn, New York Read More »
“I need to keep my car. Bankruptcy seems like it could make me lose it. What are my options in New York?” This is a common concern among people considering filing bankruptcy in New York. Fortunately, the bankruptcy code recognizes that people often need their cars so they can go to work and continue to …
Filing bankruptcy in NY is something many New Yorkers have considered and many will continue to consider. Today our Brooklyn bankruptcy lawyer discusses: What are the consequences of filing bankruptcy in New York City? The Good: 1. Filing bankruptcy in NY stops calls from creditors and collection agencies immediately. The “automatic stay” goes into effect …
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