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Good Debt vs Bad Debt – Business Bankruptcy
Friday, December 15th, 2023Business bankruptcy is a legal process that enables businesses to address their debt issues under the protection of the bankruptcy court. In New York, as in other states, this process can provide a lifeline to struggling businesses, allowing them to restructure or eliminate debts and start afresh. At Ursulova Law Offices, we understand the complexities… Read more »
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Medical Debt Bankruptcy Help
Friday, December 8th, 2023For many individuals, the burden of medical debt can be overwhelming, leading to the consideration of bankruptcy as a viable solution. Medical debt bankruptcy is a legal process designed to help individuals overcome insurmountable medical bills. In New York, this form of bankruptcy offers a pathway to financial stability for those burdened by excessive healthcare… Read more »
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Chapter 13 Debt Limit Increase
Friday, November 17th, 2023Chapter 13 bankruptcy, often referred to as a wage earner’s plan, allows individuals with regular income to develop a plan to repay all or part of their debts. It is designed to restructure debt in a way that is manageable for the debtor, under the guidance and protection of the bankruptcy court. The nuances of… Read more »
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Is Child Support Affected by Bankruptcy?
Friday, November 10th, 2023Bankruptcy offers individuals a path to manage overwhelming debt. It involves two primary chapters: Chapter 7, which liquidates assets to pay off debts, and Chapter 13, which establishes a repayment plan. In New York, certain exemptions protect assets from liquidation, such as a portion of the equity in your home and personal items. But does… Read more »
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Medical Bankruptcy Options
Friday, October 20th, 2023Facing financial instability due to mounting medical bills can be an overwhelming experience. However, individuals do have options to get out of such predicaments, and one of these solutions is medical bankruptcy. Understand the concept of medical bankruptcy in this article, especially in the New York jurisdiction, to help you make an educated decision. What… Read more »
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Jewelry & Bankruptcy: How to Protect Your Valuables
Friday, October 6th, 2023Filing for bankruptcy often conjures fears of losing everything you own, including valuable items like jewelry. Yet, the reality is not as bleak as one might think, especially if you are well-informed and seek counsel from experts. At Ursulova Law Offices, we are committed to guiding you through the complex landscape of bankruptcy, ensuring you… Read more »
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Chapter 13 Bankruptcy Trustees
Friday, September 22nd, 2023Bankruptcy is a critical financial situation that comes with its own labyrinth of legal complexities. One integral, yet often misunderstood, component of this intricate process is the role of the Chapter 13 bankruptcy trustee. Serving as the linchpin of your Chapter 13 case, the trustee’s responsibilities stretch far and wide, from asset management to legal… Read more »
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Know When to File for Bankruptcy
Friday, September 8th, 2023Facing financial difficulties is an unfortunate reality for many people. When debts start piling up and creditors become relentless, filing for bankruptcy can emerge as a viable solution. While bankruptcy may provide a fresh start, it’s crucial to understand the when, how, and implications of taking this significant step. Ursulova Law Offices, leading bankruptcy lawyers… Read more »
