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 answer frequently asked questions about bankruptcy proceedings: What is bankruptcy? Bankruptcy is a proceeding to discharge debt for individuals. Bankruptcy provides a fresh start to […]
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 if the type of debt incurred from a legal dispute can be wiped out by filing bankruptcy. A tax debt may not be dischargeable in […]
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 car payments. Debt can cause a relationship to fall apart. A divorce may establish clarity in a couple’s private life, but does not make debt […]
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 closing documents, making where s/he lives public in home sales reports. However, according to Zillow.com, celebrities often keep where they live a secret with non-disclosure […]
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 to give the New York debtor a new start. In Chapter 7, the debtor gets released from having to pay all dischargeable debts. Creditors are […]
