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...
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