Posts Categorized: Blog

Filing 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 »

Financial 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 »

When 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 »

Bankruptcy 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 »

Credit 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 »

When 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 »

Bankruptcy 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 »

When financial turmoil strikes, individuals and entities may consider bankruptcy as a viable solution to relieve their debt burden. Bankruptcy is a legal process where people or other entities who cannot repay debts to creditors seek relief from some or all of their obligations. At the core of this process is the division of assets,… Read more »

Filing for bankruptcy is often seen as a fresh start for those overwhelmed by debt, providing a pathway to reduce or eliminate certain financial burdens. However, the steps taken after initiating this process are crucial. At Ursulova Law Offices, P.C., we guide our clients through these critical times with precision and care. Here are some… Read more »

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 »