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Will I lose my house and rental property if I file bankruptcy?
Friday, December 20th, 2024Filing for bankruptcy can be an overwhelming decision, especially when it comes to the fear of losing your home or rental property. The question many ask is whether they will be forced to give up their residence and investments. Fortunately, the answer depends on several factors, including the type of bankruptcy you file, your current… Read more »
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Will everyone find out if I file for bankruptcy?
Friday, December 6th, 2024Filing for bankruptcy is a significant decision, and it’s common to worry about whether others will find out. Concerns over privacy are understandable—no one wants their personal financial struggles to become public knowledge. While it’s true that bankruptcy filings are technically part of public records, this doesn’t mean that your filing will automatically be broadcasted… Read more »
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What happens to your debt when you file bankruptcy?
Monday, November 25th, 2024Financial 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 »
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Can you hide money from a bankruptcy trustee?
Friday, November 15th, 2024When 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 »
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What will happen if a company goes bankrupt?
Friday, October 18th, 2024Bankruptcy is a legal process that provides struggling businesses with a way to address overwhelming debt and financial challenges. When a company files for bankruptcy, it signifies that it cannot meet its financial obligations. The outcome depends on the type of bankruptcy filed, the company’s assets, and the interests of creditors. For individuals or businesses… Read more »
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Can I file bankruptcy on my credit cards only?
Friday, October 11th, 2024Credit card debt can quickly spiral out of control, especially when you’re juggling multiple payments and high interest rates. Many individuals find themselves asking: “Can I file for bankruptcy on my credit cards only?” The short answer is yes—you can file for bankruptcy to address credit card debt, but bankruptcy applies to all your eligible… Read more »
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Is it better to file bankruptcy or just stop paying your bills?
Friday, September 20th, 2024When financial obligations become overwhelming, many people find themselves asking whether it’s better to file for bankruptcy or simply stop paying their bills. While both choices carry significant consequences, understanding the key differences between these options is essential to making an informed decision. At its core, bankruptcy provides a legal pathway to manage or discharge… Read more »
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How Do You Rebuild Credit After Bankruptcy?
Friday, July 26th, 2024Bankruptcy can seem like an insurmountable setback for your financial stability and credit score. However, with the right approach, regaining financial health is achievable. Declaring bankruptcy does not mean an end to financial opportunities; rather, it marks the start of a new phase where rebuilding is possible. At Ursulova Law Offices, P.C., we guide our… Read more »
