On behalf of Corash & Hollender, P.C. | Oct 14, 2019 | Bankruptcy
While filing for bankruptcy may help you start to reclaim your life in New York, it is better to go one step further and pinpoint what led to your filing for bankruptcy in the first place. Maybe your financial woes were due to emotional spending. If you feel this is...
On behalf of Corash & Hollender, P.C. | Sep 27, 2019 | Bankruptcy
If you are a New York resident approaching retirement age, you may be considering joining the large and growing number of baby boomers across the nation who are looking into bankruptcy protection. As reported by U.S. News, current trends in wealth inequality are...
On behalf of Corash & Hollender, P.C. | Sep 27, 2019 | Bankruptcy
Barneys, the iconic New York luxury department store, filed a petition for Chapter 11 bankruptcy and plans to close 15 of its stores. According to the New York Post, the rent on its flagship location doubled, which pushed the company to file for bankruptcy protection....
On behalf of Corash & Hollender, P.C. | Sep 11, 2019 | Bankruptcy, Chapter 11
The main benefit of Chapter 11 bankruptcy is that it allows your Staten Island business time to pay debts while you reorganize your operation so that it can become profitable. As part of your reorganization, you need to work out a plan to pay your creditors. However,...
On behalf of Corash & Hollender, P.C. | Aug 26, 2019 | Bankruptcy
There is a steady rise in New York consumers filing for bankruptcy, and the number of petitions is anticipated to also grow across the nation. The New York Post reports that many more people are expected to seek debt relief through bankruptcy. The possibility exists...
On behalf of Corash & Hollender, P.C. | May 15, 2019 | Bankruptcy
He went to an attorney in Manhattan to stop the foreclosure sale of an investment property in Brooklyn. The attorney filed a chapter 13 case, failing to recognize that the client did not quilify for chapter 13 (owning three properties, his total mortgages exceeced the...
On behalf of Corash & Hollender, P.C. | Apr 28, 2019 | Bankruptcy
Afraid of losing his house because of his huge taxi medallion loan, he followed his friends’ advice: he took his name off the deed, leaving his wife as the only owner. MISTAKE: There is now a 6 year wait, during which the transfer can be challenged. If he files...
On behalf of Corash & Hollender, P.C. | Mar 8, 2019 | Bankruptcy
After filing for Chapter 7 bankruptcy, you may have questions about your future creditworthiness. Certainly, your counselors advised you that bankruptcy would leave a temporary negative mark on your credit history, but you may be unsure how or when you can...
On behalf of Corash & Hollender, P.C. | Dec 6, 2018 | Bankruptcy
You may have thought that making the decision to file for bankruptcy protection was the hard part of the process. After all, you make a valiant effort to meet your financial obligations, but they simply got out of control. You haven’t had a moment’s peace...
On behalf of Corash & Hollender, P.C. | Aug 19, 2018 | Bankruptcy
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...
