Does Bankruptcy Mess with Your Taxes

Posted by & filed under Uncategorized.

When financial crises loom, bankruptcy often emerges as a crucial relief strategy. At Ursulova Law Offices, P.C., based in Brooklyn and Garden City, New York, we frequently encounter questions about the intersection of bankruptcy and tax obligations. It’s vital to grasp this interaction to plan effectively for financial recovery. Tax Liabilities in Bankruptcy Bankruptcy doesn’t… Read more »

Discharge NTS Debt Through Bankruptcy

Posted by & filed under Blog, Uncategorized.

Non-Taxable Status (NTS) debt encompasses obligations that are not subject to income taxes. These often include various forms of unsecured debts like credit card bills, medical expenses, and personal loans. Understanding the nature of these debts is crucial for individuals considering bankruptcy as a solution to their financial woes. At Ursulova Law Offices, P.C., we… Read more »

What Are the Required Documents Needed for Bankruptcy?

Posted by & filed under Blog, Uncategorized.

When filing for bankruptcy, a comprehensive understanding of your financial situation is crucial. This is where thorough documentation comes into play. The specific requirements can vary based on the type of bankruptcy you are filing (Chapter 7, 13, etc.). However, there is a core set of documents generally needed. If you are considering bankruptcy in… Read more »

Can I Lose Assets if I File for Bankruptcy in NY?

Posted by & filed under Blog, Uncategorized.

Bankruptcy can be a path to financial freedom. But it is completely understandable to be concerned about losing your possessions during the process. It is a good idea to speak with a bankruptcy attorney in New Brighton to get a complete picture of your situation. In this article, we will help you understand the basics… Read more »

Does My Pension Get Touched if I File for Bankruptcy?

Posted by & filed under Blog, Uncategorized.

If you are overwhelmed with debt and considering bankruptcy as an option, one question looms large: will you lose your pension? The answer can be complex, but the good news is that pensions are often protected under bankruptcy laws. At Ursulova Law Offices, we are dedicated to helping individuals navigate the financial difficulties that can… Read more »

Will My Employer Find Out That I File for Bankruptcy?

Posted by & filed under Blog, Uncategorized.

Facing overwhelming debt creates feelings of stress and uncertainty. Many people fear that filing for bankruptcy in New York will lead to repercussions at work. If you are struggling financially, you may be wondering how bankruptcy will affect your employment. At Ursulova Law Offices, our bankruptcy lawyer in Brooklyn understands the complexities of bankruptcy law… Read more »

Will Filing for Bankruptcy Affect My Immigration Status?

Posted by & filed under Blog, Uncategorized.

Filing for bankruptcy in New York is a legal process that allows individuals and businesses in financial distress to either eliminate or repay their debts under the protection of the bankruptcy court. At Ursulova Law Offices, our bankruptcy lawyer in Brooklyn, NY often encounters clients who are concerned about how filing for bankruptcy might affect… Read more »

Bankruptcy Myths in New York

Posted by & filed under Blog, Uncategorized.

Bankruptcy in New York is often shrouded in misconceptions. The Ursulova Law Offices, one of the recognized bankruptcy lawyers in Brooklyn, NY, encounters numerous clients burdened with these misconceptions about bankruptcy in New York. It is essential to dispel these myths to understand the true nature of bankruptcy and how it can be a valuable… Read more »

Differences Between Garnishment and Levy

Posted by & filed under Blog, Uncategorized.

In debt collection, creditors are equipped with a variety of legal tools to recover outstanding debts. Two of the commonly employed methods are garnishment and levy, each with its own set of distinctive features and impacts on debtors. At Ursulova Law Offices, we understand the challenges individuals face when navigating financial hardships in New York…. Read more »

Good Debt vs Bad Debt – Personal Bankruptcy

Posted by & filed under Blog, Uncategorized.

Personal bankruptcy is a legal process designed to help individuals grappling with overwhelming debt. It offers a fresh start by either discharging debts or restructuring them. The goal is to provide relief while maintaining fairness to creditors. This process can be intricate, and consulting with a Brighton Beach bankruptcy attorney can ensure that your rights… Read more »