A Tradition Of Caring And Compassionate Representation For Staten Islanders
To care for her elderly mother, she left her city job. Afer her mother died, she was unable to get her job back. She lived off her credit cards, while trying to get work, and made her minimum payments with the little work she did get. When the minimum payments became...
His accountant said to call me. He had cancer several years ago, and had been through a number of difficult operations. He lived off his credit cards through this difficult period. Although he eventually went back to work, his new employer had a mass layoff, leaving...
There are two basic bankruptcy tests for chapter 7 eligibility. The first is the Median Income Test. You are automatically eligible for chapter 7 if your household income is not more than the Median Income for your size household in your state. This amount changes...
Chapter 11 bankruptcy proceedings are clearly the preferred choice for New York companies, but why is that? The main reason why companies prefer Chapter 11 -- over Chapter 7 for example -- is because Chapter 11 proceedings allow a company to remain in operation....
Unable to work due to a severe medical condition, she had accumulated $30,000 in credit card debt. Still not working years later, she just cannot make the minimum monthly payments totaling about $800 per month. What type of people need to file for bankruptcy? Her good...
A Debt Consolidator lured this client into a $650/month payment plan, promising that all creditors would be kept under control. It did not work that way. They paid off the small creditors first. But the large ones lost patience waitingand started lawsuits. Now ther is...
Her Divorce lawyer requested a bankruptcy analysis. The objective was to eliminate her credit card debt. I quickly determined that she had about $500,000 of equity in her house, of which, her half would be about $250,000. Under current New York Exemption laws, I...
In rare cases, you may want to cancel a bankruptcy filing. Perhaps you thought you were going to lose everything, for example, but then you inherited money that you never knew was coming to you. Suddenly, you have more than enough to make ends meet and things aren't...
His career job was just not enough to make ends meet because his wife had invested her time in raising two children (and she did a very good job), rather than entering the workforce. He never wanted to file for bankruptcy. He prided himself on paying his bills and...
Seeking a bankruptcy or non-bankruptcy solution to a difficult life, a single mother exiting from an abusive relationship sought my advice.P aul Hollender can help you get back on track although she came thinking about bankruptcy, I determined that she did not need to...
