Is Chapter 7 Bankruptcy Right for You? If you are drowning in credit card debt or medical bills, Chapter 7 bankruptcy may be your way out. Do you quality for Chapter 7 bankruptcy? You might if: You owe more than 50% of what you bring home each year It would take you over 5 years… Continue Reading »
It is no surprise that bankruptcy filings due to COVID-19 related hardships have skyrocketed since the middle of March when New York State reported its first deaths from the Coronavirus and Governor Andrew Cuomo closed all nonessential businesses. According to Bloomberg News, “the pandemic has battered New York City businesses, with almost 6,000 closures, a… Continue Reading »
What is an Adversary Proceeding? In New York, your bankruptcy process can come to a screeching halt if your creditors or trustees file objections and start adversary proceedings. Reaching the Bankruptcy Discharge Stage The main goal for everyone going through bankruptcy is to reach the discharge stage – the point where the court permanently releases… Continue Reading »
Do I Have to Pay My Old Debts? On the off chance that you live in New York and have some old obligations, there is a legal time limit you need to think about. However, it may not ensure you against “zombie” obligations. On the off chance that you live in New York, and obligation authorities… Continue Reading »
Will Bankruptcy Clear ALL my Debts? If you live in New York and are thinking of declaring bankruptcy to get rid of all your debts, be aware that there are some debts that bankruptcy won’t touch. What Is a Bankruptcy Discharge? Declaring bankruptcy, whether it is Chapters 7, 11, or 13, is a long and… Continue Reading »
Ronald D. Weiss, P.C. – A Suffolk & Nassau, Long Island lawyer specializing in bankruptcy law & foreclosure solutions. Our attorneys have represented clients from Suffolk & Nassau County in bankruptcy cases and preventing foreclosure. Call: 1-631-271-3737
Ronald D. Weiss, P.C. – A Suffolk & Nassau, Long Island lawyer specializing in bankruptcy law & foreclosure solutions. Our attorneys have represented clients from Suffolk & Nassau County in bankruptcy cases and preventing foreclosure. Call: 1-631-271-3737
How Does Bankruptcy Automatic Stay Work? If you live in New York, and you are being harassed by creditors or collection agencies, the automatic stay part of the bankruptcy process may give you room to breathe. What is an Automatic Stay? Under Section 362 of the United States Bankruptcy Code https://www.usbankruptcycode.org/, as soon as you declare bankruptcy,… Continue Reading »
Debt Limits on Filing for Chapter 13 Bankruptcy It seems counterintuitive that there are actually debt limits involved in the bankruptcy process when the bankruptcy system itself was designed to relieve those overwhelmed by debt. For those with only a preliminary knowledge of the bankruptcy system, it may seem even more confusing to learn that… Continue Reading »
I’m behind on my home loan – What are my choices? In case you’ve been battling to stay aware of your home loan installments, there are various home loan wrongdoing programs that may work for you. Individuals fall behind on their home loan installments for quite a few reasons; hospital expenses, catastrophic events, joblessness, separate… Continue Reading »
