Clients often call me and want their home transferred to their children while they maintain life use (a "life estate"). Their goal is to make sure their house is protected in the event they need long-term care Medicaid, whether that be home care or nursing home care. For some, a life estate may ...
The U.S. Chamber of Commerce will begin offering $5,000.00 Grants to Small business owners today. The application will go live at 3:00 p.m. Eastern Standard Time, 12:00 p.m. Pacific Time. To apply go to: https://savesmallbusiness.com/ To be eligible your business must employ between 3 and 20 ...
On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES” Act), which greatly expanded the scenarios in which those now unemployed are eligible to receive unemployment compensation, if unemployment is due to COVID-19. Of particul...
The White House and Congress have reached a $2 trillion stimulus bill. How does that help individuals and small businesses? Individuals who earn $75,000 in adjusted gross income or less would get direct payments of $1,200 each, with married couples earning up to $150,000 receiving $2,400 -- ...
Be fully prepared for the Coronavirus (Covid-19) Pandemic with a Comprehensive Estate Plan
Stop a wage garnishment or income execution by filing for bankruptcy.
A list of documentation needed to file for bankruptcy.
New Rent Law in New York State favors tenants.
A spouse can force another spouse out of the marital residence during the time that a divorce is pending upon showing good cause to the court.
Did you know that once you file for Bankruptcy your creditors and debt collectors have to immediately cease contact and collections activities or face sanctions from the Bankruptcy Court? This relief is felt as soon as you file for bankruptcy. In fact even if you have not filed yet and have taken...
A chapter 7 bankruptcy is the most straightforward form of bankruptcy and allows you to get rid of most of your debts and start over with a fresh start. In order to qualify for a chapter 7 bankruptcy you have to fall below the New York State median income for a household of your size. Your median...
One of the most common questions that we are asked by our bankruptcy clients is whether they can keep their car when they file for bankruptcy. In most cases the answer is yes. You are entitled to certain exemptions to protect property, including a motor vehicle exemption. In New York State the e...
What is the difference between a Chapter 7 and a Chapter 13 Bankruptcy? A Chapter 7 Bankruptcy, also known as a straight bankruptcy, is a liquidation bankruptcy where your unsecured debts (debts not secured by collateral) such as credit cards and medical bills are wiped out. A Chapter ...
Bankruptcy… it is a word that we have all heard, but there can be many misconceptions about what it actually is. Bankruptcy is not like the game of Monopoly, it is not the end game for you. Bankruptcy in real life is your chance for a fresh start. There can be a stigma associated with Bankruptcy...