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How the Small Business Reorganization Act helps with Bankruptcy Reorganization (SBRA)
Friday, July 29th, 2022After all the time and effort that you’ve put into your business – it’s hard to consider filing for bankruptcy. Unfortunately, things don’t always happen as planned. Sometimes, a drastic change needs to save your hard work. Adding SBRA to the Chapter 11 bankruptcy code makes bankruptcy filing easier for small businesses. Businesses that have… Read more »
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Buying a Business in Bankruptcy
Friday, July 15th, 2022Thousands of American businesses file for bankruptcy protection yearly, regardless of how much value the businesses still have. Buying a company going through the bankruptcy process can be appealing and have tremendous benefits; however, at the same time, this process can be complex, and it is best to ensure you get it done right. Contacting… Read more »
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Your Business Assets During Personal Bankruptcy in NY
Wednesday, June 22nd, 2022Deciding to file for bankruptcy, whether it be personal or business – is a tough decision. How can you regain control of your financial situation? Can you do this and keep as much property as possible as well? Ursulova Law can answer your pressing questions. Contact them today. Personal Bankruptcy and Business If you’re a… Read more »
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Why You Don’t Hide Assets During Bankruptcy in New York
Thursday, June 16th, 2022Hiding bankruptcy assets is a bad idea! It’s important to understand why it is such a big deal why you should not hide assets during bankruptcy is due to the fact that you need to do bankruptcy filing in a federal court. So, when a filer is making representations to the court and its bankruptcy… Read more »
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Unpaid Medical Debt and Bankruptcy
Friday, May 20th, 2022Is it possible to file for bankruptcy for unpaid medical debt? If you feel like you are drowning in medical debt, it is possible to seek relief by filing for bankruptcy. After all other options have been exhausted and medical bill collectors call you, schedule an appointment to learn more about your options with a… Read more »
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Chapter 13 Repayment Plan
Friday, May 13th, 2022Chapter 13 repayment plans allow individuals with debt to regain control of their financial life. Essentially, Chapter 13 allows the debtor to retain all their property and repay all their obligations for three to five years, as agreed upon in the repayment plan. Brooklyn bankruptcy attorneys can help determine which bankruptcy plan is best for… Read more »
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What is Wage Garnishment?
Friday, April 29th, 2022Wage garnishment involves withholding a portion of an individual’s earnings to repay a debt owed to a party. The unpaid debt can be a car loan, medical bill, child support order, civil judgment, federal tax bill, state tax bill, etc. It’s usually made effective by a government entity or a court when the individual hasn’t… Read more »
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Is a Car Loan Forgiven with Bankruptcy?
Friday, April 15th, 2022When you file for bankruptcy, most debts are eradicated, including money owed on an auto loan. If you can show that repossession would cause significant financial hardship, the court may allow reduced payments over a period of time. So, even if you can’t make payments, you may still be able to keep your car. There… Read more »
