What happens to your debt when you file bankruptcy?

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Financial challenges can weigh heavily, and for many individuals or businesses, filing for bankruptcy provides a legal pathway to address overwhelming debt. Bankruptcy doesn’t erase every type of financial obligation, but it offers powerful relief by discharging certain debts and restructuring others. If you’re managing bankruptcy in New York, the experienced team at Ursulova Law… Read more »

Can you hide money from a bankruptcy trustee?

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When faced with bankruptcy, many individuals may wonder if they can hide money from a bankruptcy trustee. The short and clear answer is no. Hiding assets from a trustee is illegal and can lead to severe consequences, including denial of discharge, fines, or even criminal charges. Bankruptcy is a legal process designed to offer relief… Read more »