Chapter 7

To qualify for relief under Chapter 7 of the United States Bankruptcy Code, the filing debtor in New York needs to be an individual, a partnership, a corporation, or other business entity.  No matter who you are, whether a doctor, corner coffee shop owner, or big name corporation, filing for chapter 7 bankruptcy can provide you

Imagine getting a letter in the mail informing you that your mortgage payment has been rejected by your bank for insufficient funds. This may be because your bank account has been levied by another creditor whom you owed money. Unfortunately, in days past, New York banks automatically froze bank accounts rendering them useless for the

Your medical bills can be eliminated through bankruptcy One of the leading contributors to bankruptcy is medical debt. Numerous New York residents have been laid-off and cannot afford to purchase health insurance. Even those who have health insurance, routinely incur enormous co-payments due to an accident or major illness. Many times, the medical care costs

New York City residents have federal and state tax obligations. If you don’t pay your taxes, you are subject to penalties including an Internal Revenue Service lien. A lien is not the same thing as a levy. A lien simply secures the government’s interest in your property, which means that it can take your property

When you are living paycheck to paycheck, the idea of someone cutting into that paycheck is frightening. But there are ways to prevent wage garnishment. Some people who are on the brink of garnishment are able to negotiate a payment plan with creditors in order to avoid a garnishment. In these cases, creditors may ask