Bankruptcy can stay on your credit for a long time. In fact, it can stay on your credit for up to 10 years. This can also be a long process to go through. If you file for Chapter 7 bankruptcy, then it may take four to six months to complete the process. It typically takes… Read more »
Monthly Archives: September 2018
How Hiding Assets Could Cost You
If you are filing for bankruptcy, then it is imperative that you be honest about your financial situation. This includes being honest about the assets that you have. If you do not list all of your assets on your petition’s schedule of assets, then you are hiding assets. There are several consequences of this. Your… Read more »
5 Money Saving Tips
Going through bankruptcy is hard. While going through this process, you will want the best bankruptcy lawyer Brooklyn NY has to offer. You may find that it is difficult to save money at this time. Fortunately, there are things that you can do in order to build up your savings while you are going through… Read more »
What Role Does a Bankruptcy Trustee Play?
Bankruptcy trustees are officers of the court who are charged with representing a debtor’s estate in a bankruptcy action. Both Chapter 7 and 13 bankruptcy actions require the presence of a trustee. While the exact duties will vary from case to case, there are basic activities that the trustee in any type of bankruptcy action… Read more »
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