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Chapter 7 Bankruptcy in New York - Understanding the Exemptions
Chapter 7 Bankruptcy in New York - Understanding the Exemptions

Chapter 7 bankruptcy is also known as liquidation bankruptcy. It uses a debtor’s non-exempt assets to pay creditors, and the debtor can avoid having to create a repayment plan. While giving up property to pay debts may seem like a poor alternative, the bankruptcy exemptions ...

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  • Chapter 7 Bankruptcy in New York - Understanding the Exemptions

    Chapter 7 bankruptcy is also known as liquidation bankruptcy. It uses a debtor’s non-exempt assets to pay creditors, and the debtor can avoid having to create a repayment plan. While giving up ...

    Read More
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    A lof of people may wonder if they can start their own business or open an LLC or other business entity once they have received a bankruptcy discharge and their bankruptcy case is over. The answer is ...

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    The IRS assesses many types of penalties against tax payers for various tax non compliance issues. These penalties can be very costly to tax payers. For example, Failure to File Penalties can be ...

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  • Benefits of Chapter 13 Bankruptcy

    Bankruptcy may carry a stigma to some people but in most cases it is a way for individuals to regain their financial footing without losing all their property. Chapter 13 bankruptcy allows individuals ...

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  • Do I need an Attorney to file for Bankruptcy?

    The short answer is no, you are not obligated to have a lawyer in order to file for bankruptcy in New York. On the other hand, when dealing with an issue of such legal and financial significance, and ...

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