Bankruptcy and Gifts for Your Children

Posted by & filed under Blog.

gifts for children

Parents often become concerned about whether a bankruptcy filing will impact gifts they or others have given to their children. When a bankruptcy case is filed, every equitable and legal property interest is shifted to the bankruptcy estate, which is then managed by a trustee and requires Brooklyn Chapter 7 Bankruptcy Attorneys. The bankruptcy trustee’s… Read more »

Will a Bankruptcy Cover My Child Support Payments?

Posted by & filed under Blog.

child support

If you are considering bankruptcy and wonder if filing Chapter 7 bankruptcy will exonerate you from child support payments, the answer is “no.” While filing Chapter 7 certainly frees you from virtually all of your secured credit card debt, as well as some medical bills, and other loans or payments, it does not free you… Read more »