Bankruptcy Archives - Page 11 of 74 - Bankruptcy Attorney in Brooklyn, New York

Bankruptcy Mistakes: Don’t do these things before you file for bankruptcy in New York

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt, Preference Payments / By Maggie Paley

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 …

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Should I max out my credit cards before I file for bankruptcy?

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit cards, Creditors, Debt, Scams / By Maggie Paley

Q: Since all of my debts will be discharged after I file for bankruptcy, should I go ahead and max out my credit cards before I file for bankruptcy in New York? A: NO. DO NOT RUN UP BIG CREDIT CARD BILLS BEFORE YOU FILE FOR BANKRUPTCY IN NEW YORK. If the bankruptcy judge believes …

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Can I rebuild my credit after bankruptcy in New York?

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit cards, Creditors, Debt / By Maggie Paley

Yes, you can rebuild your credit within a few years if you’re careful about your finances and pay your bills on time after you’re done with your bankruptcy case. A lot of people worry about their credit history when they consider filing for bankruptcy in New York. It’s a legitimate concern and a healthy impulse …

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

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Creditors, Debt, Exemptions, Foreclosure, Foreclosure mediation, Legislation, Loan modification, Mortgage / By Maggie Paley

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, then you can keep your home as long as the remaining equity in your home …

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Dealing with debt collector harassment in New York

Leave a Comment / Bankruptcy, Creditors, Debt, Scams / By Maggie Paley

If you live in New York and are being called by debt collection agencies at all hours of day and night or at work, or if you feel like you are a victim of harassment by debt collection agencies, you do have some options for dealing with the problem. Which option you choose depends on …

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

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Creditors, Trustee / By Maggie Paley

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 …

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Bankruptcy, social safety nets and planning ahead

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit cards, Creditors, Debt, Exemptions / By Maggie Paley

The credit industry lobby did a terrific job of portraying bankruptcy as the refuge of the irresponsible. Hence the 2005 “Bankruptcy Abuse Prevention and Consumer Protection Act” (sometimes jokingly referred to as the “Bankruptcy Protection Prevention and Consumer Abuse Act,” which for the record would be BPPCAA). As those of us who work in the …

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Why Hire an Experienced Chapter 7 Brooklyn Bankruptcy Lawyer

Bankruptcy, Chapter 7 Bankruptcy, Credit Counseling, Creditors, Exemptions, Foreclosure mediation, Loan modification, Means Test, Preference Payments, Scams / By Matt Leichter

Debtors usually point to two reasons for not hiring an experienced Brooklyn bankruptcy lawyer before filing a chapter 7 case: affordability and necessity. Obviously, many people who owe significant debts frequently lack the money for a bankruptcy attorney. (As an aside, there are options for debtors who are too poor for bankruptcy filing fees.) The …

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What Happens After My Bankruptcy Case Is Closed?

Bankruptcy / By Matt Leichter

You’ve received your discharge in your New York bankruptcy case, assuming your case ended in one, and the trustee has concluded all other tasks on your case. The bankruptcy court orders your case closed. You’re free of your debts! You have your fresh start! Hooray! But now what? Is there anything you need to do …

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Is a Payday Loan a ‘Cash Advance’ in Bankruptcy?

Bankruptcy, Debt / By Matt Leichter

Many New York bankruptcy debtors take out payday loans to cover costs before receiving their actual paychecks. I’ve written about these types of loans frequently, particularly the Consumer Financial Protection Bureau’s attempts to limit them from becoming “debt traps.” Aside from driving debtors into bankruptcy, another place where payday loans can intersect with bankruptcy is …

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