Does My Pension Get Touched if I File for Bankruptcy?

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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?

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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?

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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

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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

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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

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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 »

Good Debt vs Bad Debt – Business Bankruptcy

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Business 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 »

Medical Debt Bankruptcy Help

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For 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 »

Chapter 13 Debt Limit Increase

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Chapter 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 »

Is Child Support Affected by Bankruptcy?

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Bankruptcy 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 »