Free Consultation
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.

Bruce Weiner Interviewed On Bankruptcy, Divorce And Other Financial Issues

Brooklyn bankruptcy attorney Bruce Weiner was interviewed last week by NYC Financial Advisor Sara Stanich for her blog “Cultivating Wealth”. The interview covers questions about bankruptcy and divorce, debt negotiation and when to consider filing.

Here’s an excerpt from the interview:

Sara Stanich:
“I work with people going through divorce and debt is often a big issue. Do you have any tips relating to divorce and bankruptcy?”

Bruce Weiner: “Divorce and bankruptcy is a complicated issue, and also a major cause of bankruptcy. After divorce, couples are often going from two incomes to one supporting their household. Sometimes one party will use credit cards to maintain their lifestyle. Two or three years later, they realize they are unable to pay that debt back.

Bankruptcy can also complicate divorce proceedings. A bankruptcy may affect decisions relating to property and assets in a matrimonial case.

Married couples do not have to file for bankruptcy together. However, if they are planning to divorce and they are still legally married, it may make sense to do it together as there will be only one set of legal expenses and filing fees.

On the other hand, it may make sense to wait until after the divorce is final. If the property settlement in the divorce includes transfer of the house, it may be advantageous to wait until after divorce is final and the title is transferred to file for bankruptcy.” To read the entire interview click here.

If you have questions about divorce and bankruptcy, or any other bankruptcy questions click here to schedule a consultation with bankruptcy attorney Brooklyn NY Bruce Weiner.

Rosenberg, Musso & Weiner, L.L.P
26 Court St # 2211
Brooklyn, NY 11242, USA
718-855-6840
http://nybankruptcy.net/

Recent Posts

What to Do If You Are Moving While in Bankruptcy

Americans are a mobile people, so it’s not unheard of for them to move while their bankruptcy cases are still pending. Fortunately, bankruptcy is a federal matter so it’s fairly easy to transfer a case from one bankruptcy court to another if the move is a significant distance. Whether yours is a New York bankruptcy

Read More »

What Chapter Is Best for a New York Business Bankruptcy?

“Business bankruptcy” isn’t a legal term as there’s no designated chapter for businesses or businesspeople to file bankruptcy in. Thus, the correct question is which chapter is best for businesses and their principals to file in. The answer depends on the structure of the business and the principals’ goals for running it. For sole proprietorships

Read More »

It’s Not Always Worthwhile to Pay Off a Chapter 13 Plan Early

For people who’ve filed chapter 13 bankruptcy attorney Brooklyn NY ,  the question of whether to pay off the repayment plan early sometimes arises. It’s a tempting idea. Repayment plans don’t leave much discretionary income for debtors, and escaping the process can feel like a reward in itself. However, there are a few reasons to

Read More »

Why Convert a Chapter 13 Bankruptcy to Chapter 7?

Most New York bankruptcies are filed in chapter 7 because debtors have mainly unsecured consumer debts and don’t have the income for a chapter 13 repayment plan to be feasible. Others, though, prefer the benefits of chapter 13, but once they’re partway into it, they find that chapter 7 might be a better fit after

Read More »

What Is a ‘Proof of Claim’?

The term “proof of claim” comes up in New York bankruptcy sometimes, and debtors often want to know what it means. For creditors, receiving them during a debtor’s bankruptcy means they need to know how to complete them. So what are they? A proof of claim is a document a creditor in a bankruptcy files

Read More »

How to Deal With Creditors Who Violate the Discharge Injunction

Discharge of debts is one of the primary goals of a New York bankruptcy, particularly chapter 7 filings. Covered in Section 524 of the Bankruptcy Code, the full name of the term is “discharge injunction,” which means it legally forbids anyone (creditors) from enforcing claims for payment against the debtor. That does not, however, mean

Read More »
Scroll to Top