In the wake of Annie Leibovitz’s recent near-bankruptcy, I thought it might be worth taking a look at the current intersection of bankruptcy and the art world. 1. Starting with Annie Leibovitz, the media has been reporting that a recent Obama family photo portrait was done by Leibovitz right before she worked out a deal …
In previous posts on this site (What is a Preference? And why should you care? and Preference Actions: How to Defend Against Them), I’ve addressed the topic of preference actions (also commonly referred to as preference lawsuits). If you read those two posts, then you know that, from a creditor’s perspective: Preference actions seem unfair …
You may have noticed a couple pieces of bad news circulating in the media the last few days. One is that foreclosures have continued to climb, according to the quarterly statistics put out by RealityTrac. Why the increase? Apparently banks have been delaying a lot of foreclosures as they’ve tried to implement the federal foreclosure …
Foreclosure increase + jobless recovery = Trouble Read More »
BAPCPA Man races under avalanches and leaps across crocodile-infested rivers to introduce you to the concepts of Chapter 7 bankruptcy and Chapter 13 bankruptcy. Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. Click here to see a larger version of the image. Go to …
BAPCPA Man introduces you to Chapter 7 and Chapter 13 Read More »
Bankruptcy Bill reveals how big firm bankruptcy lawyers employ the fantasy football concept for their own entertainment. Note: This cartoon is posted on NYBankruptcyNet with permission from the creators of Bankruptcy Bill. Click here to see larger version of image. Go to Bankruptcy Attorney Brooklyn NY to learn more about Rosenberg Musso & Weiner LLP and/or to …
Bankruptcy Bill and fantasy football…er, bankruptcy Read More »
You may have seen recent reports that Lenny Dykstra’s World Series ring was sold at auction to a Queens man for $56,000. And if you’ve been following the travails of Lenny Dykstra, or you’ve been reading previous posts on this blog (e.g., “Why Did Lenny Dykstra File for Chapter 11?” or “Dykstra Learns More About …
The goal of a bankruptcy case is to get the discharge. This is true whether your bankruptcy is in Brooklyn, Queens, Manhattan, Long Island or anywhere else in New York or the rest of the U.S. And it’s the same whether it’s a Chapter 7, Chapter 11 or Chapter 13 bankruptcy. The discharge is what …
Are any debts non-dischargeable in a bankruptcy case in New York? Read More »
Bankruptcy is often a counter-intuitive process. Some things that seem innocuous or insignificant may be anything but. In particular, there are some common mistakes that people make in perfectly good faith. If you’re thinking of filing for bankruptcy in New York, here are a few things to be aware of. 1. Don’t withdraw your retirement …
Bankruptcy Mistakes: Don’t do these things before you file for bankruptcy in New York Read More »
BAPCPA Man makes good use of the 2005 bankruptcy law. Note: This cartoon is posted with permission from the creators of BAPCPA Man. Click here to see a larger version of the image. Read more: Bankruptcy Lawyer Brooklyn NY
If you have student loan debt in New York or anywhere else in the U.S., it’s extremely difficult to discharge your debt through a bankruptcy filing. The standard for being able to discharge student loan debt is “undue hardship.” This means you have to prove that you are physically unable to work and/or you’re unable …
Will Congress soon let New Yorkers discharge their student loans in bankruptcy? Read More »
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