Posts Categorized: Blog

A personal bankruptcy petition must be filed at the New York district bankruptcy court by either the debtor or the attorney representing him. The petition requires you to list all of your major personal assets so that the court and your creditors can tell if any of your assets are not exempt from the proceedings…. Read more »

You can choose to file for personal bankruptcy under either Chapter 7 or 13. The major difference between these two options is that Chapter 13 bankruptcy generally involves a debtor entering into a payment plan to reorganize their payment schedules and pay back most of their debts. Chapter 7 bankruptcy orders typically discharge most of… Read more »

If you are feeling overwhelmed by debt collectors and other creditors, then you may want to consider bankruptcy. A bankruptcy can provide benefits and give you a fresh start. Whether a bankruptcy should be filed is a major decision, so you should consult with the experienced Brighton Beach bankruptcy lawyers from Ursulova Law Offices to… Read more »

Chapter 11 bankruptcy law is a mechanism that can be used by individuals, businesses and other entities that face insurmountable debt. However, those considering such action should first consult with a bankruptcy law firm to determine whether the law is suitable for them. The Ursulova Law Offices offer this type of assistance. Filing for Bankruptcy… Read more »

While it is not absolutely necessary to have an attorney when filing for bankruptcy protection, it is never advisable to forego legal representation. Surprises can happen when the magistrate begins discussing the case. Qualifying exemptions can be complicated, and even qualifying for a Chapter 7 bankruptcy petition can be difficult. And, no one filing bankruptcy… Read more »

Keeping a home when filing bankruptcy is often a primary reason for bankruptcy protection when other debts are making it difficult to maintain the home mortgage. Home owners who are still current on their homes can often keep the dwelling and discharge other debts in the process when conditions are right. In addition to having… Read more »

Filing for Chapter 13 bankruptcy can be a confusing process for the novice petitioner. A major component of filing means getting prepared before even beginning the process of filling out documents for submission to the court. Documentation supporting income claims and outstanding debt must be compiled even before the means test can be applied, as… Read more »

The expense of hiring an attorney to assist in a bankruptcy proceeding is often perceived by the potential filer as an unnecessary added cost, but the truth is that having an attorney often saves more money than it costs. It is an investment in the future more than an added expense at the time of… Read more »

When you make the decision to file for bankruptcy, you will have the opportunity to make a fresh start financially. However, filing for bankruptcy is not free, and thus has many costs associated with it along the way. If you’re wondering who pays the bills when you file for bankruptcy and how a Brooklyn bankruptcy… Read more »