Nope, that’s not a typo. There is such a thing as a zero-percent chapter 13 plan. Although, it is a misnomer in that the debtor is actually going to make some payments on the plan. (Otherwise it would be absurd.) Consequently, a zero-percent plan isn’t the opposite of the more commonly known 100 percent chapter …
What Are the Benefits of a 0 Percent Chapter 13 Repayment Plan? Read More »
For creditors who need help on the New York bankruptcy defense side or those who have filed a bankruptcy themselves but need to initiate an adversary proceeding against creditors or the trustee, it is in fact possible to effect “service of process” via the U.S. postal system. Usually service of process, the system of giving …
It’s Possible to Receive Notice of an Adversary Proceeding in the Mail Read More »
For creditors who need help on the New York bankruptcy defense side or those who have filed a bankruptcy themselves but need to initiate an adversary proceeding against creditors or the trustee, it is in fact possible to effect “service of process” via the U.S. postal system. Usually service of process, the system of giving …
It’s Possible to Receive Notice of an Adversary Proceeding in the Mail Read More »
All over New York there were discouraging signs. “Retail Space for Rent” almost always indicated a business that had gone out of business. When businesses fail, other businesses in the neighborhood notice, as do related businesses. And yet businesses keep going as long as they can. In fact, the only section of our economy that …
In New York in 2020, almost 40 percent fewer bankruptcies were filed than in 2019 Read More »
All over New York there were discouraging signs. “Retail Space for Rent” almost always indicated a business that had gone out of business. When businesses fail, other businesses in the neighborhood notice, as do related businesses. And yet businesses keep going as long as they can. In fact, the only section of our economy that …
In New York in 2020, almost 40 percent fewer bankruptcies were filed than in 2019 Read More »
Most of the time when the term “avoid” comes up in New York bankruptcy it’s used in the context of preferential transfers to creditors. That is, the debtor transfers money to a creditor he or she likes more than the others, such as a relative, and the trustee chooses to nullify (“avoid”) the transfer. The …
Most of the time when the term “avoid” comes up in New York bankruptcy it’s used in the context of preferential transfers to creditors. That is, the debtor transfers money to a creditor he or she likes more than the others, such as a relative, and the trustee chooses to nullify (“avoid”) the transfer. The …
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