For New Yorkers thinking about a bankruptcy filing, it’s tempting. You have a very valuable asset, perhaps some land or art or a car, and you don’t want to risk losing it to creditors. So you give it away to your brother, a friend, one of your children. Is this kosher under the bankruptcy laws? …
Can I give away property before I file for bankruptcy in New York? Read More »
Filing bankruptcy in New York no doubt seems like an intimidating prospect. But often, the best way to deal with a fear of something is to become more familiar with it. So here are a few interesting things about bankruptcy that will hopefully make it out to be what it really is: a legal process …
Being under financial stress makes people extremely vulnerable to scams, whether in New York or elsewhere. The key is being aware, being educated and being skeptical. And of course, it never hurts to have an experienced New York bankruptcy attorney to check in with. Here are five common mortgage scams that every New Yorker should …
5 common mortgage scams for New Yorkers to beware of Read More »
If you’ve never had to think about bankruptcy in New York before, then you likely have many questions. Fortunately, an experienced New York bankruptcy attorney can answer many of those for you via a free initial consultation. That said, here are 3 common questions about bankruptcy (including answers) that may be helpful to you. 1. …
When does a motion to dismiss bankruptcy occur? And when does a bankruptcy denial of discharge occur in New York? Most consumer bankruptcy cases in New York do not involve a motion to dismiss the bankruptcy case. And most consumer bankruptcy cases in New York do not involve a bankruptcy denial of discharge either. That …
Motion to dismiss bankruptcy and bankruptcy denial in New York Read More »
What is an “emergency bankruptcy filing” and why would someone in Brooklyn or elsewhere in New York ever need one? In a nutshell, if you absolutely positively have to file right away with no time to lose, then there’s a procedure in the bankruptcy process that lets you do so even if you don’t have …
Bankruptcy and divorce often go hand in hand. And that’s for debtors in New York as well as elsewhere in the U.S. In fact, divorce is one of the leading causes of bankruptcy, along with medical debt and job loss. Often people think that bankruptcy is a cause of divorce. But that’s generally not the …
Pre-bankruptcy planning might be the most important thing you do if you plan on filing bankruptcy. So make sure you’re working with an experienced New York debt relief attorney. Pre-bankruptcy planning DOES NOT mean that you run up a big debt on your credit card right before you file for bankruptcy with the idea that …
Brooklyn bankruptcy lawyers can help you file for bankruptcy in New York. But not everyone is eligible for Chapter 7 under the 2005 bankruptcy laws. An experienced New York Chapter 7 bankruptcy attorney is therefore extremely important in helping you figure out if you are eligible for Chapter 7. Who can’t file for Chapter 7? …
Bankruptcy 7: Who can’t file for Chapter 7 bankruptcy in New York? Read More »
What is a Chapter 11 bankruptcy, do they ever happen in Brooklyn, NY, and do I need Chapter 11 bankruptcy attorneys to file a Chapter 11 case? 1. Chapter 11 bankruptcy is “reorganization,” as opposed to Chapter 7 “liquidation.” It’s frequently used by corporations that need bankruptcy protection. And it’s also often used by individuals …
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