A personal bankruptcy petition must be filed at the New York district bankruptcy court by either the debtor or the attorney representing him. The petition requires you to list all of your major personal assets so that the court and your creditors can tell if any of your assets are not exempt from the proceedings…. Read more »
Monthly Archives: June 2019
Is There a Chapter of Bankruptcy That Will Eliminate All My Debt?
You can choose to file for personal bankruptcy under either Chapter 7 or 13. The major difference between these two options is that Chapter 13 bankruptcy generally involves a debtor entering into a payment plan to reorganize their payment schedules and pay back most of their debts. Chapter 7 bankruptcy orders typically discharge most of… Read more »
Are There Advantages to Filing Bankruptcy?
If you are feeling overwhelmed by debt collectors and other creditors, then you may want to consider bankruptcy. A bankruptcy can provide benefits and give you a fresh start. Whether a bankruptcy should be filed is a major decision, so you should consult with the experienced Brighton Beach bankruptcy lawyers from Ursulova Law Offices to… Read more »
Understanding Chapter 11 Bankruptcy Law
Chapter 11 bankruptcy law is a mechanism that can be used by individuals, businesses and other entities that face insurmountable debt. However, those considering such action should first consult with a bankruptcy law firm to determine whether the law is suitable for them. The Ursulova Law Offices offer this type of assistance. Filing for Bankruptcy… Read more »
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