Trustee Archives - Page 8 of 8 - 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 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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Lenny Dykstra learns more about Chapter 11 as trustee appointed in the case

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

Previously, I posted about Lenny Dykstra and why someone like him would file for Chapter 11, which is more typically used for business bankruptcies, rather than Chapter 7 or Chapter 13 which are for individual bankruptcies. Regardless of whether it was the right path strategically speaking, things don’t seem to be going so well for …

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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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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 Matt Leichter

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

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The Means Test and the Unemployment Trap

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

Rising unemployment in the U.S. has made the “means test” all the more significant for individuals considering filing for bankruptcy in New York and elsewhere. The means test refers to the eligibility requirement under the 2005 bankruptcy law. To be eligible to file for Chapter 7 bankruptcy in New York, an individual’s income must be …

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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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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 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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