Rising unemployment in the U.S. has made the “means test” all the more significant for individuals considering filing for bankruptcy in New York and elsewhere. The means test refers to the eligibility requirement under the 2005 bankruptcy law. To be eligible to file for Chapter 7 bankruptcy in New York, an individual’s income must be …
It’s very common for clients filing for personal bankruptcy to worry about the 341 Meeting of Creditors. It’s the first “event” in a bankruptcy case and the first time for most clients to actually go to court. (Though it’s usually the only time the client needs to go to court in a bankruptcy case.) A …
What will happen at my 341 meeting of creditors in New York? Read More »
With permission from Bankruptcy Bill himself, here’s BAPCPA Man #3 where BAPCPA Man meets the ominous-looking villain Subprimulus. (Click on image to see larger version.) The cartoon touches on a number of important themes, including: The mandatory pre-bankruptcy credit counseling requirement (addressed in previous post on this blog titled “What You Should Know About the …
“And hey. Be careful out there.” Though I may be dating myself with a quote from Hill Street Blues (the famous urban police drama), never has it been more appropriate for New Yorkers facing unemployment, credit problems and bankruptcy than it is today. Recently the New York Times ran an article–“Online Scammers Prey on the …
Since setting up a Twitter account (http://twitter.com/nybankruptcynet), I’ve acquired a number of followers who are both nice and interesting. However, there are two categories of Twitter followers who are more persistent than others and who I block every time: Representatives of the oldest profession, and Debt settlement and debt management companies (I apologize for having …
Debt management and debt settlement companies invade Twitter-sphere! Read More »
With permission from Bankruptcy Bill himself, here’s BAPCPA Man’s latest heroics, this time in connection with the automatic stay which he appropriately likens to a forcefield. The cartoon also illustrates a good point about electronic filing, namely that bankruptcy lawyers don’t physically go to the courthouse, but instead usually file cases electronically from the computer …
I’m pleased to share that I’ve been invited by the New York State Bar to speak on bankruptcy issues in connection with the “2009 Handling the Tough Issues in a Plaintiff’s Personal Injury Case” program on November 13, 2009. The program will be held at the Hotel Pennsylvania in Manhattan. Here’s a brief outline of …
New York State Bar Speaking Engagement in November on Bankruptcy Read More »
“We’ll help you settle your debts for pennies on the dollar.” Sound familiar? Maybe you’ve seen these Credit Solutions ads on TV, on the internet or even in the New York subway. ABC News recently ran a segment where they investigated Credit Solutions and the debt settlement industry, which revealed that the debt settlement company …
The creators of the Bankruptcy Bill cartoon (http://bankruptcybill.us) have unveiled a new cartoon hero called BAPCPA Man who will presumably fight for the bankruptcy rights of individuals throughout this great nation. (BAPCPA, for the record, is the acronym for the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.) Bankruptcy Attorney Brooklyn NY This could …
BAPCPA Man: A new cartoon hero for the bankruptcy world Read More »
New York’s unemployment rate has increased to 8.7% from 8.2%, the worst it’s been since October 1992. (FYI, the national rate just moved from 9.4% up to 9.5%, so New York is doing relatively well, but still…) On healthcare, our government is facing an uphill battle in creating some sort of national healthcare option that …
New York personal bankruptcy rate likely to continue to increase Read More »
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