When filing for bankruptcy, individuals are subject to certain look-back periods, which are periods in their financial past that the bankruptcy trustee will examine. In New York, the bankruptcy lookback periods are as follows: Below, we explain these lookback periods and how they apply to New York bankruptcy filing. For sound guidance on your specific […]
What is The Look Back Period for Bankruptcy in New York? Read More »
Filing for bankruptcy doesn’t necessarily leave people penniless. With Chapter 7 bankruptcy exemptions in New York, under NY exemption law you may keep as much as $6,000 in cash among other exempted assets. Below is a guide on how bankruptcy exemptions work. If you need legal guidance for smart debt relief strategies, consult our experienced
How Much Cash Can You Keep When Filing Chapter 7 in New York? Read More »
A loan modification is an agreement with your lender to adjust the terms of your loan, making it more manageable for you to pay. Many homeowners consider this a solution when they struggle to keep up with their mortgage due to sudden financial hardship, such as from a job loss. However, loan modification may not
Pros and Cons of Loan Modification in New York State Read More »
If you’re struggling with overwhelming debt in New York, you may be considering filing for bankruptcy as a way to get a fresh financial start. Two of the most common types of personal bankruptcy are Chapter 7 and Chapter 13. But which one is cheaper to file in New York? The answer depends on several
Is It Cheaper to File Chapter 7 or 13 Bankruptcy in New York? Read More »
When facing overwhelming debt, many New Yorkers consider filing for Chapter 7 bankruptcy as a way to get a fresh financial start. However, one of the most common concerns is whether they’ll be able to keep their personal belongings and assets. The good news is that in most cases, you can keep all of your
Do You Keep Your Stuff in Chapter 7 in New York? Read More »
Filing for Chapter 7 bankruptcy in New York can provide much-needed debt relief, but it’s crucial to understand what assets you may have to give up in the process. This guide will explore the intricacies of Chapter 7 bankruptcy in New York, focusing on what you might lose and what you can potentially keep. New
What Do You Lose When You File Chapter 7 in New York? Read More »
Filing for bankruptcy can provide much-needed financial relief for individuals and families struggling with overwhelming debt. However, many people considering bankruptcy in New York have questions about the costs involved, including potential monthly payments. This guide will explore the various factors that determine bankruptcy costs and monthly payments in New York, as well as provide
How Much Is the Monthly Payment for Bankruptcy in New York? Read More »
Filing for Chapter 7 bankruptcy can provide much-needed relief from overwhelming debt, but it also has a significant impact on your credit score. Bankruptcy can stay on your credit report for 10 years. The good news, however, is that you can start repairing and rebuilding your credit score after a year or so from bankruptcy
How Long Does It Take to Rebuild Credit After Chapter 7 in New York? Read More »
Dealing with tax debt can be overwhelming, especially when you’re facing financial hardship. For many New Yorkers, an IRS Offer in Compromise (OIC) can provide a lifeline to resolve their tax issues. This program allows qualified taxpayers to resolve their tax debt for less than the full amount they owe. While it can be a
10 Steps to Negotiate an IRS Offer in Compromise in New York Read More »
If you’re a New York resident facing tax debt, you’re not alone. Many individuals and businesses find themselves in situations where they owe money to the Internal Revenue Service (IRS) and struggle to pay it all at once. Fortunately, the IRS offers installment agreements as a way to manage your tax debt over time. This
Setting Up an IRS Installment Agreement for a New York Resident Read More »
