Blog Posts in Bankruptcy

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Chapter 7 Bankruptcy in New York - Understanding the Exemptions December 11, 2017
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 a ...
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Can I Open Up A Business After I Receive My Bankruptcy Discharge? December 5, 2017
A lot of 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 ...
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What Can I Do About Tax Penalties? February 9, 2017
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 June 16, 2015
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. As opposed to Chapter 7 , Chapter 13 ...
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Do I Need an Attorney to File for Bankruptcy? March 5, 2015
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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Credit Report Questions - Part One September 28, 2014
How Long Is A Debt On Your Credit Report? Clients often come into my office confused about the information on their consumer credit report and want to clean up negative information on their report. ...
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