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...
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....
What will likely happen following Chapter 13 bankruptcy?
You have probably looked into what you must do to complete your Chapter 13 bankruptcy, like composing a repayment plan and making payments to your trustee as your repayment schedule dictates. It is also important to keep in mind the events that will likely take place...
Bankruptcy court, step one: analysis
Your success in bankruptcy would depend on many things. Commitment, financial management skills, effective planning and taking full advantage of all available exemptions, to name a few. However, one of your first steps will probably be analyzing your financial...
What are the advantages of Chapter 13?
When you seek to file for bankruptcy protection, you have options in the different types of bankruptcy to file. One of those options is Chapter 13, which is known as the wage earners plan because instead of having the court remove all your debt, you create a repayment...
What is Chapter 13 bankruptcy and how can it help you?
Many of us have struggled with debt at some point, and may have even wondered what bankruptcy could do for us. Chapter 13 bankruptcy, made for towards those with a stable income who are looking to reduce their debt, can be a viable option for someone who needs...
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...
Do you have enough income to file Chapter 13?
Chapter 13 bankruptcy is one option you have as a consumer. This type of bankruptcy requires creating a plan to repay your creditors. You will pay your creditors based on the priority level of the debt. You may not repay all debts in full, but as long as you follow...
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...
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...
