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...
Estate planning needs to be active and early
Many people fail to realize the importance of early and active estate planning. Some put it off thinking they are too young to need it. Others have estate plans that only include a basic will, with no thought toward what could happen between now and the time they die...
Choosing between an irrevocable trust and a living trust
Estate planning typically includes executing a trust, which serves as a separate legal entity to hold properties and assets for its beneficiaries. As reported by Kiplinger's Personal Finance, in addition to real estate, trusts may include financial accounts, cars and...
How does arbitration and mediation differ from litigation?
Litigation is a great way to get things done in a legal sense. It is one of the most traditional methods of handling disputes, especially those that are beyond your ability to resolve without outside interference. But what about alternative dispute resolution...
What is surrogate’s court and what do you do there?
When a loved one dies, not only do you have to process the grief, you need to process through their estate. This is often an emotional episode in your life and the lives of the loved one's other decedents. Whether you have a will or not in the aftermath of all that,...
Reducing inheritance conflict among siblings
Your children may need to lean on one another more than ever once you are gone, but if you are not careful, you run the risk of your New York estate plan – or lack thereof – creating conflicts among your kids. Inheritance battles are often expensive and...
How to avoid inheritance disputes
Estate planning helps you to ensure your loved ones have everything they need after your death, but inheritance disputes can tie up assets for years and break families apart. To reduce the likelihood of such disputes, consider these tips while making end-of-life...
Can you protect your elderly loved ones from financial abuse
As your loved ones age, they may become more vulnerable to abuse from people they trust. Financial abuse is one form of mistreatment that can violate privacy, damage reputations and threaten financial security. Protecting your loved one's against this type of abuse...
How does probate work in New York?
When someone dies in New York, his or her executor presents the will to the Surrogate's Court in the county where the person lived. In a process called probate, the court determines the validity of the will and supervises the administration of the deceased person's...
A look at small estates in New York
If you have a relatively modest estate, it is still important to set up an effective estate plan. Unfortunately, many people with modest estates fail to create estate plans, which often causes their loved ones to experience anxiety and uncertainty after their death....
How do you structure an estate plan review?
Estate plan reviews are a crucial part of your end of life plans. After all, you cannot simply create an estate plan and leave it as-is indefinitely. It needs to reflect your life in the current moment, which means it must change as your life changes. But how do you...
