On behalf of Corash & Hollender, P.C. | Jul 1, 2020 | Bankruptcy
Early in 2020 the IRS made a number of procedural changes to its manual on Chapter 11 Bankruptcy. A look at the material shows that many of the changes and additions to the manual consisted of editorial tweaks and clarifications. Nonetheless, the reorganization of...
On behalf of Corash & Hollender, P.C. | Jun 24, 2020 | Bankruptcy
When you file for Chapter 13 bankruptcy, you may wonder what steps come next in the process. After filing for this type of bankruptcy, you need to acquire a reorganization plan, which allows you to restructure your debt. Learning about it According to FindLaw, a...
On behalf of Corash & Hollender, P.C. | Jun 17, 2020 | Bankruptcy
If you struggle with medical expenses, credit card debt and mortgage payments in New York, you are not alone. In 2019, more than 773,360 people filed for bankruptcy in the United States, according to United States Courts. People have trouble keeping up on their...
On behalf of Corash & Hollender, P.C. | May 26, 2020 | Bankruptcy
If you are a small business owner in New York struggling with cash flow issues, you are not alone. A bankruptcy petition may provide relief and help your business survive a setback. Under certain circumstances, the court may require you to use your personal income...
On behalf of Corash & Hollender, P.C. | May 21, 2020 | Bankruptcy
Going through Chapter 7 bankruptcy can be daunting, but starting with a clean financial slate can help you move forward with confidence. However, one of the big negatives of a Chapter 7 bankruptcy is the effect that it has on your credit score. To this end, many...
by phollender | May 11, 2020 | Bankruptcy, Chapter 13, Chapter 7
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...
On behalf of Corash & Hollender, P.C. | Apr 28, 2020 | Bankruptcy
When a New York resident is down on their luck and falls into debt, what happens? There are several options out there for those seeking debt relief. One of these options is bankruptcy. Today we will look at Chapter 13 bankruptcy in particular. This type allows you to...
On behalf of Corash & Hollender, P.C. | Apr 24, 2020 | Bankruptcy
Filing bankruptcy may leave you feeling a little weary when it comes to credit. You may not wish to get back into debt anytime soon. However, you should start to think about rebuilding your credit soon after your bankruptcy discharge. You will need to strengthen your...
On behalf of Corash & Hollender, P.C. | Apr 23, 2020 | Bankruptcy
If you fall behind on your mortgage payments due to overwhelming debt, your lender may initiate foreclosure. However, you may be able to stay in your home by filing for bankruptcy. Chapter 13 bankruptcy allows you to repay your creditors over a certain period of time,...
by phollender | Apr 18, 2020 | Bankruptcy, Business Law, Chapter 11
The New Small Business Bankruptcy Reorganization Act (Subchapter V of Chapter 11) creates great opportunities for an individual or family business to stay in business by using a special type of Chapter 11 which is less expensive, simpler and faster.New Small Business...
