A Tradition Of Caring And Compassionate Representation For Staten Islanders
Let’s face it, there is still a stigma attached to declaring bankruptcy. Though it is very common for people to go through Chapter 7 or Chapter 13 bankruptcy, those who have never faced crushing death may stereotype those who have as irresponsible with their money....
New York City residents with financial problems may feel cornered by debt collectors, but there are always options. Some people in this position may have a choice between Chapter 7 and Chapter 13 bankruptcy. For others, avoiding bankruptcy entirely may be possible....
Not every asset that a person has can be touched during bankruptcy proceedings. For example, public assistance benefits like disability or unemployment benefits are not subject to seizure. In a recent decision, the New York State Court of Appeals, the state’s top...
The Kodak brand may bring us back to our childhood, but we are quickly snapped back to reality with the announcement of their bankruptcy filing. It’s been going for nearly two years now, but the company hopes to have the case closed soon. Earlier this month, they...
We have spoken a great deal about Chapter 7 and Chapter 13 bankruptcy in this blog. But we have not mentioned Chapter 11 bankruptcy much, which we will rectify today. Like Chapter 7 and Chapter 13, Chapter 11 bankruptcy is available for individuals with overwhelming...
Though declaring Chapter 7 or Chapter 13 bankruptcy can help people and businesses in serious debt trouble, there is no denying that it limits their ability to borrow money, at least for a while. However, this side effect of going through bankruptcy need not be...
Some people have a perception that those who go through bankruptcy are all irresponsible and are taking the “easy way out” of their financial problems. As with any stereotype, the truth is usually much more complicated. One common reason that a household must turn to...
In our last post, we discussed how a 2005 federal law affected who in Staten Island can qualify to file for Chapter 7 bankruptcy. The post referred to Chapter 13 bankruptcy, which is another way for individuals with serious debt problems to get out from under them....
Readers may have heard that Congress passed a law a few years ago that prevents many people from filing for bankruptcy. This is not the whole story. The law did raise the standards that an applicant must reach in order to be eligible for debt relief through the...
