The prospect of declaring bankruptcy can be a promising one, chock full of the possibility of erasing certain financial obligations, finally having peace at home without the incessant ringing of the phone and ominous creditors demanding payment and moving forward without devastating debt. At the same time, the process can be daunting, leaving extensive imprints
NY Bankruptcy and Tax Blog, Information, and Resources
IRS Announces New Steps To Help Struggling Taxpayers
The IRS recently announced a new initiative to help taxpayers get a fresh start. According to the article: The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. Specifically, the IRS is announcing new policies and programs to help taxpayers pay back taxes and avoid tax liens.
Property Taxes in New York
The New York State Department of Taxation and Finance, Office of Real Property Tax Services does a good job in explaining how property taxes work. In New York State, there is no personal property tax. Personal property taxes are taxes on personal items like cars and jewelry. In New York State, the real property tax is a
Manhattan Bankruptcy Attorney Stephen B. Kass P.C. Filed TriBeCa Amish Market Bankruptcy Case
New York, New York – February 23, 2011 – Manhattan bankruptcy lawyer Stephen Kass, Esq. announced today the recent settlement of a major Chapter 11 bankruptcy. According to the Crain’s New York article: “The Amish Market grocery store at 53 Park Place in TriBeCa filed for Chapter 11 bankruptcy protection on Tuesday. One of four Amish Markets
Bankruptcy Trustee in New York
In New York, when a person files Chapter 7 or Chapter 13, the court appoints a bankruptcy trustee who administers the debtor’s bankruptcy estate. The trustee may be a government employee, part of the US Department of Justice, or a private self-employed individual. To become a trustee, qualified applicants normally have a college degree and
