Category: Chapter 7

Frequently Asked New York Bankruptcy Questions

Frequently Asked New York Bankruptcy Questions

Many times people do not file bankruptcy to get rid of their financial worries because they do not ask the right questions to better understand the bankruptcy process. The following

February 24, 2012
Legal Problems May Lead to Bankruptcy

Legal Problems May Lead to Bankruptcy

Many people get into financial debt because of legal problems. Individual legal problems can stem from contract disputes or tax problems. Speak with an experienced NY bankruptcy attorney to understand

February 23, 2012
Filing for Chapter 7 After A Divorce

Filing for Chapter 7 After A Divorce

Many couples argue over money. One spouse may be cheap. Another spouse may be a spender. The couple may be in conflict about their credit card bills, the mortgage or

February 1, 2012
Do not Keep a Home Purchase a Secret During Bankruptcy

Do not Keep a Home Purchase a Secret During Bankruptcy

For the ordinary person who sees a home he/she likes, s/he may let a real estate agent know to begin the purchase process, and conclude by signing their name in

November 18, 2011
Frequently Asked Questions on Chapter 7 bankruptcy

Frequently Asked Questions on Chapter 7 bankruptcy

What is Chapter 7 bankruptcy? Chapter 7 liquidation bankruptcy comes from the Bankruptcy Code found at Chapter 7 of Title 11 of the United States Code.  Chapter 7 is designed

September 19, 2011
Bankruptcy Players

Bankruptcy Players

In a bankruptcy case, creditors are individuals and businesses a debtor owes money to. Different types of debts take different priorities in getting paid off. Secured debts have to be

July 30, 2011
Business Bankruptcies in New York

Business Bankruptcies in New York

Westlaw News & Insights reported on February 17, 2011, that Starr & Company LLC and Starr Investment Advisors LLC filed for Chapter 7 bankruptcy in the cases Re Starr Investment

April 2, 2011
Bankruptcy: Why and When to File

Bankruptcy: Why and When to File

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

March 3, 2011
Bankruptcy Trustee in New York

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

February 16, 2011
Prior Bankruptcy Credit Counseling

Prior Bankruptcy Credit Counseling

When filing Chapter 7 bankruptcy in New York, the debtor needs to see a credit counselor prior to filing. In the Chapter 7 bankruptcy petition, the debtor must sign asserting

February 16, 2011

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