Every day I receive phone calls from taxi owners requesting information about bankruptcy. There are two most common types of bankruptcy are Chapter 7 and Chapter 13. It is not always a good idea to file a chapter 7 bankruptcy case: if you do not...
Month: August 2018
Taxi Owner uses chapter 13 to eliminate $600,000 debt by paying $900 per month for 5 years.
He could not stand the pressure of the monthly note payments so he visited us for advice. We determined that he could not file chapter 7 bankruptcy because his house was worth too much. It appraised at $485,000 and he had paid down his mortgage to $63,000. That left...
Do you have a basic understanding of estate planning?
As New York readers know, there is significant benefit in having a strong estate plan. You may understand that it is important to plan for the future through certain estate planning tools, but you may not be sure what that means or how you can do this for yourself....
