Bankruptcy

If your monthly household income falls below the state median income for a household of the same size, it is presumed that you meet the means test requirements and qualify to file for Chapter 7 bankruptcy. Here, we explain New York state’s current median incomes which are effectively the current income limits to file for […]

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

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

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

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

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

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

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

It is possible for a creditor to take a house in New York state. And it is possible that a creditor’s attempt can be thwarted if they don’t follow the law. What that law is and what it means to you is explained in this article. But, firstly, if you need legal guidance regarding debt,

Various actions occur when you file for bankruptcy in NY state. To set the stage for this article, bankruptcy serves as a legal mechanism enabling those unable to repay their debts to seek relief from their financial obligations. Let’s first explain the kinds of bankruptcy and which one could be right for you. And then