If you are considering a chapter 7 bankruptcy in New York, then you will need a qualified bankruptcy lawyer who will be able to examine your case, and help you determine what kind of bankruptcy is appropriate for your situation. There are two main types of bankruptcy – Chapter 7 and Chapter 13. Debt is [...]
Our Free Article Library: Pre-Bankruptcy Planning
Avoiding Bankruptcy Mistakes
Thursday, January 7th, 2010Bankruptcy is not a pleasant option for anyone, and the negative impact of a bankruptcy can scare many into making mistakes that end up costing more over time. With a little preparation, however, you can ensure that your bankruptcy process goes as smoothly as possible. A very common pitfall that many either commit or at [...]
How Does A Creditor Get A Judgment?
Monday, August 24th, 2009If you’re going through bankruptcy, you may be wondering how a creditor gets a judgment. The process is fairly straight-forward. First, let’s look at what a judgment is, and why a creditor pursues one. A judgment is the final act of a court (a court order) in defining the rights of all parties involved. If [...]
Do I Have To Try A Repayment Plan Before Filing Bankruptcy?
Monday, August 24th, 2009Considering bankruptcy? If so, you may be wondering if you have to try a repayment plan before filing for bankruptcy. In most cases, the answer is no. New bankruptcy laws passed in 2005 require credit counseling before filing for bankruptcy. As part of this mandatory credit counseling, you must submit any repayment plan that the [...]
Debt Settlement V. Bankruptcy
Monday, August 24th, 2009If you have a large amount of debt, you may be considering several options, including debt settlement and bankruptcy. Let’s look at some of the positive and negatives when choosing between debt settlement versus bankruptcy. The first step in deciding between debt settlement and bankruptcy is determining whether you can pay down your debts with [...]
Top Reasons That Drive People into Filing Bankruptcy
Monday, August 24th, 2009There are many reasons why people file for bankruptcy; however, certain reasons are more common than others. Let’s look at some of the top reasons that drive people into filing for bankruptcy. One of the biggest reasons for bankruptcy is unpaid medical bills. If you or someone in your family experiences an unexpected illness or [...]
If I File For Bankruptcy Will My Student Loans Get Discharged?
Tuesday, August 11th, 2009If you’re filing for bankruptcy (or considering filing), you may be wondering, “Will my student loans get discharged?” The short answer is no. Student loans cannot be discharged in any chapter of bankruptcy (Chapter 7 or 13), unless you can prove that the loan creates an undue hardship on you or your family. It is [...]
Choosing a Bankruptcy Attorney
Tuesday, August 11th, 2009If you’re planning to file for bankruptcy, it’s important that you choose the right attorney. Unfortunately, bankruptcy filings have become a volume business for many attorneys, so it’s important to choose wisely. Here are some helpful tips for choosing a bankruptcy attorney. Seek an experienced, knowledgeable attorney who will give your bankruptcy case the time, [...]
