Preference Payments Archives - Page 4 of 4 - Bankruptcy Attorney in Brooklyn, New York

Preference Actions: What is the “Ordinary Course of Business” Defense?

Leave a Comment / Bankruptcy, Business Bankruptcy, Chapter 11 Bankruptcy, Chapter 7 Bankruptcy / By Matt Leichter

In a previous post (“Defenses to Preference Actions – Part I“), I explained that there are three common defenses to preference actions (also often called “preference lawsuits”) that you can use if you’ve received a demand letter from a bankruptcy trustee, from counsel to a Debtor-In-Possession or counsel to a creditors committee. The first one …

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Defenses to Preference Actions – Part 1

Leave a Comment / Bankruptcy, Chapter 7 Bankruptcy, Creditors, Debt, Preference Payments, Trustee / By Matt Leichter

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 …

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Are any debts non-dischargeable in a bankruptcy case in New York?

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit cards, Creditors, Debt, Foreclosure, Mortgage, Preference Payments / By Matt Leichter

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 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 Matt Leichter

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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Unemployment scams and bankruptcy in New York

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

“And hey. Be careful out there.” Though I may be dating myself with a quote from Hill Street Blues (the famous urban police drama), never has it been more appropriate for New Yorkers facing unemployment, credit problems and bankruptcy than it is today. Recently the New York Times ran an article–“Online Scammers Prey on the …

Unemployment scams and bankruptcy in New York Read More »

New Bankruptcy FAQ section

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit Counseling, Creditors, Debt, Foreclosure, Means Test, Preference Payments, Trustee / By Matt Leichter

Just want to let everyone know that the Bankruptcy FAQ section from our website is now also available on this blog. In the Bankruptcy FAQ section, you can find answers on the following topics: What disclosures must a collection agency provide to a debtor? What actions must a collection agency avoid? Are there any alternatives …

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Preference lawsuits: How to defend yourself

Leave a Comment / Bankruptcy, Chapter 7 Bankruptcy, Creditors, Debt, Preference Payments, Trustee / By Matt Leichter

In a previous post I explained to all the New Yorkers out there what a preference lawsuit is and why you should care. While reading it may have helped make you feel smart at cocktail parties, in the back of your mind you were probably also wondering, “So what exactly should I do if I’m …

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What is a preference payment? And why should you care?

Leave a Comment / Bankruptcy, Chapter 7 Bankruptcy, Creditors, Debt, Preference Payments, Trustee / By Matt Leichter

Let’s say someone owes you money. You know they’re having financial difficulties, so you go to them and try to get them to pay it back to you before they file for bankruptcy. You have a good relationship with them and they’re kind enough to make sure you get paid back. Three weeks later, the …

What is a preference payment? And why should you care? Read More »

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Preference Actions: What is the “Ordinary Course of Business” Defense?

Defenses to Preference Actions – Part 1

Are any debts non-dischargeable in a bankruptcy case in New York?

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

Unemployment scams and bankruptcy in New York

New Bankruptcy FAQ section

Preference lawsuits: How to defend yourself

What is a preference payment? And why should you care?

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