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.

Chapter 13 Bankruptcy

Who Are Your New York Chapter 13 Trustees?

A lot of New York readers may not know who their own Congressional representatives are in Washington, D.C.  And perhaps as few know the state legislator from their district.  But I’m willing to bet that almost no readers know who the Chapter 13 trustees are for their district in New York.  So I’ve listed them …

Who Are Your New York Chapter 13 Trustees? Read More »

Bankruptcy Bits: Subprime lender subsidies; Foreclosure depression and Japan’s lack of medical bankruptcies

I thought I’d share a few interesting articles from the news that all relate to bankruptcy in one way or another: 1.  “Subprime Lenders Getting U.S. Subsidies, Report Says” – Countrywide (now owned by Bank of America), Wells Fargo and other major subprime lenders are now apparently getting subsidies from the government to make more …

Bankruptcy Bits: Subprime lender subsidies; Foreclosure depression and Japan’s lack of medical bankruptcies Read More »

Can I keep my home if I file for bankruptcy in New York?

Yes, you can keep your home if you file for bankruptcy in New York. But it’s not a given.  And depending on your circumstances, there are a few different ways to do it. If you file for Chapter 7 bankruptcy Brooklyn NY, then you can keep your home as long as the remaining equity in …

Can I keep my home if I file for bankruptcy in New York? Read More »

The Means Test and the Unemployment Trap

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 …

The Means Test and the Unemployment Trap Read More »

What will happen at my 341 meeting of creditors in New York?

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 »

BAPCPA Man meets Subprimulus!

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 …

BAPCPA Man meets Subprimulus! Read More »

Debt management and debt settlement companies invade Twitter-sphere!

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 »

BAPCPA Man #2 – Automatic Stay Forcefield

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 …

BAPCPA Man #2 – Automatic Stay Forcefield Read More »

BAPCPA Man: A new cartoon hero for the bankruptcy world

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 »

Scroll to Top