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
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.
COVID-19 financial worries? Are you Confused? Call a Consumer Bankruptcy Specialist
What will happen when: your employer gets its Paycheck Protection Program money, but your company has no customers? your $600 federal unemployment supplement expires?Coronavirus Economic Crisis: CARES Act makes Chapter 7 Bankruptcy Easier You have to stay home to...
Hidden Risks of filing Subchapter V, Small Business Chapter 11
Small Business Chapter 11 (Sub-chapter V) is a great tool if you have not transferred any assets to others, removed your name from ownership documents, or made substantial payments to friends and family. If you have, then careful analysis and timing of any bankruptcy filing will make the difference between success and failure.
Coronavirus Economic Crisis: CARES Act makes Chapter 7 Bankruptcy Easier
By excluding Federal COVID-19 Payments from “Current Monthly Income”, the new Coronavirus Relief Act may help middle class families qualify for Chapter 7 Bankruptcy Relief.
Speak to a Bankruptcy Lawyer before you make the wrong pre-bankruptcy choices
In this time of financial uncertainty, EVERYONE is worried about the future. Instead of worrying, we invite you to call for a free telephone or video consultation to get THE FACTS from a BOARD-CERTIFIED BANKRUPTCY ATTORNEY. ARE YOU ELIGIBLE FOR CHAPTER 7 BANKRUPTCY...
Covid-19: Personal Financial Crisis
Can Bankruptcy be a solution? Are you eligible? What are the Risks? What are your personal options? What is the best Chapter for you? What is the best timing? Everyone’s situation is unique. A“cookie-cutter” bankruptcy filing without proper strategic planning may not...
What happens in a bankruptcy interview?
Board Certified Bankruptcy Lawyer Paul Hollender delves into four issues in his first meeting with a client: Is the client eligible for some type of bankruptcy relief What are the risks of each bankruptcy chapter for which the client is eligible? What are the client's...
What types of people seek our bankruptcy advice?
We have helped thousands of people in all types of professions, and employment; in all neighborhoods; in all economic classes; in all age groups. Doctors Lawyers Teachers School Principals and Assistant Principals Accountants Business Owners Stock Brokers Real Estate...
What is a Bankruptcy Lawyer’s most important responsibility?
Figuring out if you should NOT file for bankruptcy. A Chapter 7 Bankruptcy has the power to recover Money or property that you have given as "gifts to others"; Repayments of loans from friends or family Payments of debts to preferred creditors just before bankruptcy...
3 common causes of disputes over inheritance
When a family member passes away, this can cause great emotional upset to those closest to them. Not only do loved ones have to grieve, but there are also many organizational factors to consider. One crucial aspect that must be settled is how the deceased estate...
Should you have a living will or power of attorney?
Estate plans not only to protect your family after you are gone. They can also safeguard you while you are still alive. Certain legal documents ensure you can communicate your medical wishes to health care staff in the event of serious illness or injury. According to...
What makes a will invalid? 3 common pitfalls
Creating a will allows you to decide what will happen to your assets and belongings when you pass on. The document rightfully serves as your last instructions to your loved ones. As such, you want to be certain that it will be recognized and your final wishes will be...
How dying without a will may affect property in New York
Without a valid will, also referred to as dying “intestate,” the deceased's real estate may end up transferring to the State of New York. If an individual dies intestate and has no surviving family members, the Empire State may end up owning his or her property, as...
Do you think a caregiver influenced a loved one’s will?
The estate plan or will that someone leaves behind when they die should be a reflection of their wishes and relationships. People often invest much personal effort into the creation of an estate plan that leaves something meaningful for each of their loved ones. ...
Do children conceived after the death of a parent have inheritance rights?
Reproductive technology has come a long way. The things doctors are able to do are simply amazing. One of those things is to take genetic material from parents and create children outside of the body. This opens the door for some tricky situations after one of those...
What do monthly nursing home fees cover?
If you have an elderly parent who requires in-depth care or supervision, placing your mother or father in a nursing home may be advisable. After all, you may lack the skills, time and money to do the task without professional assistance. The average daily rate for a...
4 potential benefits of a revocable trust
A revocable trust is a legal instrument that can dictate how a person’s property is managed and distributed during their lifetime or after they have passed away. As with the majority of legal tools, there are both positive and negative aspects to a revocable living...
What do you know about discussing your end-of-life desires?
While you understand the importance of planning your estate and drafting all the documents, you may struggle to discuss your end-of-life desires openly. How do you bring up the matter with your family and friends? AARP offers tips for sharing your estate plans with...
Don’t overdo the “dead-hand controls” on your trust
Trusts have become an increasingly useful financial tool for people who want to safely pass their wealth onto the next generation. So-called “conditional” trusts, which impose certain obligations on would-be beneficiaries to receive their funds, are particularly...
