Passing the Means Test for Chapter 7
- posted: Sep. 15, 2024
- Bankruptcy
An individual debtor who wishes to discharge of debts under Chapter 7 of the Bankruptcy Code must usually pass the means test. This is a device intended to prevent people Read More
What are the Advantages of Chapter 11 Bankruptcy?
- posted: May 15, 2013
The national trends for bankruptcy filings are good, in that the total number of individuals and businesses filing for either Chapter 7 or Chapter 11 nationwide are down. However, a Read More
Difficult Choices for Homeowners Following Hurricane Sandy
- posted: Nov. 08, 2013
In many ways, the storm was the simple part. When Hurricane Sandy blew into the greater New York area in October 2012, it took barely a day to wreak $65 Read More
Could the COVID-19 Pandemic Lead to the End of Medical Bankruptcy?
- posted: Apr. 22, 2020
- Bankruptcy
In the middle of an election year where healthcare is already a hotly debated issue, the COVID-19 pandemic has stirred further discussion about whether major changes are necessary. During the Read More
Addressing the Misconceptions of Bankruptcy
- posted: Apr. 25, 2013
Brooklyn, NY—in 1980, after taking a bankruptcy law course, Gregory Messer switched gears and became a bankruptcy attorney, and has never looked back. Becoming a bankruptcy lawyer was unexpected Read More
Post-Sandy: Can a Chapter 7 Bankruptcy be My Best Option?
- posted: Jun. 15, 2013
What might climate change and a Brooklyn Chapter 7 attorney have in common? Plenty, given how major storms can be the event that pushes people and companies financially over the Read More
What is a Bankruptcy Trustee’s Role?
- posted: Jul. 19, 2013
Bankruptcies in the United States are overseen by a trustee appointed by the court. However, a bankruptcy trustee is not the same as the United States Trustee, the federal office Read More
Chapter 7: Eligibility And The Means Test
- posted: Sep. 12, 2013
In 2005, significant changes to the U.S. Bankruptcy Code were made to reduce the number of people eligible to file for Chapter 7 bankruptcy, the most commonly filed form of Read More
Understanding Your Credit Score
- posted: Sep. 05, 2013
A credit score, often called a FICO, is determined from information listed on your credit report. FICO is an acronym for Fair Isaac and Company, the developer of software used to calculate credit Read More
Should You Consider Bankruptcy?
- posted: Aug. 29, 2013
If your finances are too tight and you cannot regularly pay your bills, it is time to take stock of your real financial picture. Recognizing signs of serious insolvency can Read More
“Medical Bankruptcy” — is it an Option?
- posted: Aug. 22, 2013
In the politically charged atmosphere surrounding the Affordable Care Act, it is hard to get a straight answer about whether medical bankruptcies are a driving factor behind personal insolvency in Read More
Can a Short Sale Reduce Your Taxes and Save Your Credit Score?
- posted: Sep. 15, 2013
The work of a Bronx short sale attorney might appear to be somewhat grim. In fact, however, such lawyers are problem solvers ― short sales help distressed homeowners find smart, Read More
What Can You Keep When You File Bankruptcy?
- posted: Oct. 10, 2013
For many people unable to pay their bills, bankruptcy is the only reasonable option to restore some kind of financial stability. Most people worry about the possessions they will lose Read More
Understanding the Bankruptcy Option Right For You
- posted: Oct. 03, 2013
Bankruptcy is a smart option for those facing bills that realistically will never be paid. Understanding the need for consumers to get a fresh start after financial hardship, legislators created Read More
Fact and Fiction: Myths about Bankruptcy
- posted: Sep. 26, 2013
If you are considering bankruptcy as an option, you need to separate fact from fiction. Consider these points: Fiction: Changes in the bankruptcy law in 2005 made filing for bankruptcy impossible. Fact: Legislative Read More
The Benefits of Bankruptcy
- posted: Sep. 19, 2013
Bankruptcy is a powerful option to help you regain secure financial footing. If you are facing expenses and bills you cannot pay, understanding what bankruptcy has to offer is important. Consider Read More