Eastern District of New York Archives - Page 3 of 12 - Bankruptcy Attorney in Brooklyn, New York

How do I declare bankruptcy in New York? And can I file bankruptcy without my spouse?

Leave a Comment / Bankruptcy, Chapter 7 Bankruptcy / By Maggie Paley

“How do I declare bankruptcy?” The first step (not required, but strongly advised given the increased complexity of the bankruptcy process today, thanks to the 2005 law) is to find an experienced and trustworthy New York bankruptcy attorney. The second step to filing bankruptcy is to figure out if you should file for Chapter 7 …

How do I declare bankruptcy in New York? And can I file bankruptcy without my spouse? Read More »

Filing For Corporate Bankruptcy: A few things to know

You’re running a business and are considering filing for corporate bankruptcy in Brooklyn or elsewhere in New York. What are your options and what do you need to know? First, if you’re a corporate entity, you need to work with a bankruptcy attorney (preferably one with substantive corporate bankruptcy filing experience in New York). Second, …

Filing For Corporate Bankruptcy: A few things to know Read More »

Business Bankruptcy Lawyers in Brooklyn, New York

Leave a Comment / Bankruptcy, Business Bankruptcy, Chapter 7 Bankruptcy, Debt / By Maggie Paley

If you own a small business in Brooklyn, New York and are facing financial difficulties, it’s important to know that filing business bankruptcy is an option for you. What kind of business bankruptcy information do you need to proceed? First, you need a lawyer. Preferably an experienced Brooklyn business bankruptcy lawyer. Second, you need to …

Business Bankruptcy Lawyers in Brooklyn, New York Read More »

Can I keep my car if I file for bankruptcy?

Leave a Comment / Chapter 7 Bankruptcy, Debt, Exemptions / By Maggie Paley

“I need to keep my car. Bankruptcy seems like it could make me lose it. What are my options in New York?” This is a common concern among people considering filing bankruptcy in New York. Fortunately, the bankruptcy code recognizes that people often need their cars so they can go to work and continue to …

Can I keep my car if I file for bankruptcy? Read More »

The Consequences of Filing Bankruptcy in NY

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

Filing bankruptcy in NY is something many New Yorkers have considered and many will continue to consider. Today our Brooklyn bankruptcy lawyer discusses: What are the consequences of filing bankruptcy in New York City? The Good: 1. Filing bankruptcy in NY stops calls from creditors and collection agencies immediately. The “automatic stay” goes into effect …

The Consequences of Filing Bankruptcy in NY Read More »

Chapter 7 bankruptcy and the means test: What does it mean?

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt, Means Test / By Maggie Paley

Chapter 7 bankruptcy (or “straight liquidation”) is the most common form of bankruptcy filing in New York and around the U.S. Thanks to the “means test,” however, it’s slightly less frequently used than it used to be. That’s because the means test for Chapter 7 bankruptcy was essentially put in place by the credit industry …

Chapter 7 bankruptcy and the means test: What does it mean? Read More »

401K Loan, Bankruptcy: What you should know

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Means Test / By Maggie Paley

If you’re thinking of filing for bankruptcy in New York and you previously took out a 401(k) loan, what should you be aware of? First, it depends upon whether you’re going to file for Chapter 7 or Chapter 13 bankruptcy. (And that’s a question to discuss with your experienced bankruptcy attorney in New York.) In …

401K Loan, Bankruptcy: What you should know Read More »

Automatic Stay Violation: How can you stop it?

Leave a Comment / Bankruptcy, Creditors / By Maggie Paley

Once you file for bankruptcy in New York (or anywhere else for that matter), you are protected by the automatic stay. In a nutshell, that means no creditors (including the IRS!) can take, or collect, or even attempt to collect anything from you without the Bankruptcy Court’s permission. (FYI, if the Bankruptcy Court gives such …

Automatic Stay Violation: How can you stop it? Read More »

Stopping Wage Garnishment: A few things to be aware of

Leave a Comment / Bankruptcy, Debt / By Maggie Paley

Stopping wage garnishment is often the trigger that leads New Yorkers to seek out a New York bankruptcy attorney. If you were avoiding your financial problems before, the possibility of payroll garnishment forces you to wake up and figure out your next step. Below are several things to be aware of if you wish to …

Stopping Wage Garnishment: A few things to be aware of Read More »

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 …

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

Free Consultation

(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.