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Bankruptcy 7: Who can’t file for Chapter 7 bankruptcy in New York?

Brooklyn bankruptcy lawyers can help you file for bankruptcy in New York.  But not everyone is eligible for Chapter 7  under the 2005 bankruptcy laws.  An experienced New York Chapter 7 bankruptcy attorney is therefore extremely important in helping you figure out if you are eligible for Chapter 7. Who can’t file for Chapter 7?

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What is a Chapter 11 bankruptcy?

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

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Bankruptcy and medical bills: Dealing with medical debt

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

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Filing For Corporate Bankruptcy: A few things to know

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,

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Business Bankruptcy Lawyers in Brooklyn, New York

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

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Can I keep my car if I file for bankruptcy?

“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

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The Consequences of Filing Bankruptcy in NY

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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Chapter 7 bankruptcy and the means test: What does it mean?

Chapter 7 bankruptcy (or “straight liquidation”) is the most common form of bankruptcy filing in New York and around the U.S. Thanks to the “means test,” however, it’s slightly less frequently used than it used to be.  That’s because the means test for Chapter 7 bankruptcy was essentially put in place by the credit industry

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