Eastern District of New York Archives - Page 12 of 12 - Bankruptcy Attorney in Brooklyn, New York

Unemployment Update: Jobless claims up and bankruptcy to follow in New York

Leave a Comment / Bankruptcy / By Matt Leichter

The latest unemployment news is out and it ain’t good. Economists were predicting a drop in unemployment claims. But instead the Department of Labor’s report showed an increase in the number of first-time filings for state unemployment benefits. What does this mean from a bankruptcy perspective for New Yorkers? Conventional wisdom says that bankruptcy filings …

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Who is the United States Trustee?

Leave a Comment / Bankruptcy, Trustee / By Matt Leichter

My friend and fellow bankruptcy lawyer David Leibowitz who practices in Illinois and Wisconsin has a very helpful post titled “Who is the United States Trustee?” where he really does a nice job of explaining it all. The main point is that the trustee is not a judge, but he or she makes decisions that …

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Having trouble selling your home? Don’t do a Lenny Dykstra.

Leave a Comment / Bankruptcy, Chapter 11 Bankruptcy, Creditors, Debt, Foreclosure / By Matt Leichter

There’s a good post today titled “Dykstra Mansion on the Market for $14.9 Million” on the WSJ’s Bankruptcy Beat. A couple points worth noting about Dykstra’s approach to home care for a property he originally tried to sell for $25 million: “The home was littered throughout with empty beer bottles, trash, dog feces and urine …

Having trouble selling your home? Don’t do a Lenny Dykstra. Read More »

WNYC talks with a debt collector

Leave a Comment / Bankruptcy, Credit cards, Creditors, Debt, Scams / By Matt Leichter

Most New Yorkers’ interactions with a debt collector involve incessant calling, perhaps yelling and verbal abuse and in some cases threats and outright lying (which, for the record, is illegal). Today, however, NPR’s affiliate WNYC has a story where they actually talk to a young gentleman who works for a third-party debt collection company and …

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Brooklyn Bankruptcy Update 01-18-10

Leave a Comment / Bankruptcy, Creditors, Debt / By Matt Leichter

Time for another edition of Brooklyn Bankruptcy Update, a look at the latest Bankruptcy news and happenings out of the County of Kings (aka Brooklyn). 1. Brooklyn Man Admits Scheme to Launder Money (Newark Star-Ledger) In connection with the sting last year in New Jersey that resulted in the arrests of several rabbis among others, …

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Brooklyn Bankruptcy Update 12-22-09

Leave a Comment / Bankruptcy, Chapter 7 Bankruptcy, Debt, Foreclosure / By Matt Leichter

Time to take a look at recent bankruptcy news in Brooklyn. Brooklyn Money Manager Indicted in 30-Year Ponzi Scheme (Wall Street Journal Online) – Bay Ridge, Brooklyn-based money manager Philip Barry–aka the “Brooklyn Madoff”–was charged with securities fraud and 20 counts of mail fraud earlier this week. Star of Real Estate Boom is Confronting Hard …

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Brooklyn Judge gives New York homeowners a fighting chance against foreclosure

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Creditors, Debt, Foreclosure, Legislation, Loan modification, Mortgage / By Matt Leichter

For New York homeowners facing foreclosure, they may feel like the deck is stacked against them. The economy is in the tank. Credit has dried up. Trying to call your mortgage company and negotiate a loan modification feels like an exercise in futility. And mortgage companies are probably profiting off the delays in the foreclosure …

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Who Are Your New York Chapter 13 Trustees?

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Trustee / By Matt Leichter

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 …

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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 Matt Leichter

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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What you should know about the trustee in bankruptcy

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Creditors, Means Test, Trustee / By Matt Leichter

When the topic of bankruptcy in New York comes up, you hear a lot about things like Chapter 7, Chapter 13, the “means test,” financial statements and a bunch of other important terms. But what do you know about the trustee and his or her role in a bankruptcy case? It’s important to understand what …

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(718) 855-6840

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.