Brooklyn, NY Bankruptcy Attorney and RMW Partner Bruce Weiner was quoted in an article about the recent bankruptcy fraud allegations that Toni Braxton gave her estranged husband over $50,000 to avoid paying creditors. Bruce commented that bankruptcy is an option when “the amount of credit card debt is approaching annual income; you have had a drop or loss of income and are thinking of tapping into IRA or 401(k) to pay credit cards; or you stop answering phone because of collection calls.” Read the entire article here.
To learn more about preference payments or need bankruptcy advice, schedule a consultation with Bruce Weiner at our Brooklyn, NY office.