Many people who enter bankruptcy worry that they will lose their home. Since the intent of bankruptcy is not to leave you destitute, you stand a good chance of holding on to your house. But what if you have petitioned for Chapter 13 bankruptcy and you want to go ahead...
How difficult is it to rebuild credit after bankruptcy?
If you are one of the millions of people who recently went through bankruptcy, you are now ready to begin your new financial life. Unfortunately, you had to give up all your credit cards as part of your bankruptcy. Therefore, reestablishing your credit probably...
What happens to your retirement benefits during Chapter 7?
One of the best ways to prepare for personal bankruptcy in New York is to understand what will happen with your assets. Depending on your situation and the unique circumstances that ultimately resulted in filing for bankruptcy, what happens to your assets could look...
Pros and cons of chapter 11 for your small business
Chapter 11 bankruptcy may help if your small New York business has mounting debt, dwindling finances and harassing calls creditors. Partnerships, limited liability companies and sole proprietorships alike may be able to keep their doors open and stay afloat with help...
Business owners can use Subchapter V to protect their homes
Many business owners borrow against their home and use personal credit cards to build and prop up their businesses. New Bankruptcy Chapter helps protect personal assets while business gets time to stabilize
Can I qualify for personal bankruptcy?
Hidden issues dealing with Eligibility, obtaining a Discharge, protecting your House, and protecting your family and friends from suit by a bankruptcy trustee, must be identified before you file for bankruptcy.
What should you know about the Chapter 13 repayment plan?
Even if you work and have a regular income, you may find yourself struggling with debt and considering filing for bankruptcy. Often referred to as the wage earner’s plan, you may decide that seeking Chapter 13 bankruptcy relief best suits your needs and circumstances....
Discharge of back income taxes gives stockbroker back his life
Stockbroker could never escape past mistakes of failing to pay taxes from years ago. Each year the debt increased and he felt helpless to solve the problem. A properly timed bankruptcy filing discharged the oldest taxes and gave him new life.
Strategies to rebuild a business after bankruptcy
Many business owners know that filing for Chapter 11 does not spell the end of their company. However, they may wonder what steps they should take to rebuild their business. There are several actions that can help business owners recover from bankruptcy. Performing...
Meet your trustee along with creditors at the 341 meeting
The 341 meeting, or meeting of creditors, is an important stop on your road to a debt-free financial future. If you file for Chapter 7 or 13 bankruptcy protection, you must attend this short but informative meeting and provide answers to some essential questions. ...
