Bankruptcy can stay on your credit for a long time. In fact, it can stay on your credit for up to 10 years. This can also be a long process to go through. If you file for Chapter 7 bankruptcy, then it may take four to six months to complete the process. It typically takes… Read more »
Posts Categorized: Blog
How Hiding Assets Could Cost You
If you are filing for bankruptcy, then it is imperative that you be honest about your financial situation. This includes being honest about the assets that you have. If you do not list all of your assets on your petition’s schedule of assets, then you are hiding assets. There are several consequences of this. Your… Read more »
5 Money Saving Tips
Going through bankruptcy is hard. While going through this process, you will want the best bankruptcy lawyer Brooklyn NY has to offer. You may find that it is difficult to save money at this time. Fortunately, there are things that you can do in order to build up your savings while you are going through… Read more »
What Role Does a Bankruptcy Trustee Play?
Bankruptcy trustees are officers of the court who are charged with representing a debtor’s estate in a bankruptcy action. Both Chapter 7 and 13 bankruptcy actions require the presence of a trustee. While the exact duties will vary from case to case, there are basic activities that the trustee in any type of bankruptcy action… Read more »
Why a Debt Settlement Company May Not Be Your Best Option
Your debt is out of control and there’s no way you can honor the obligations to all of your creditors. Someone suggested that you look into the idea of seeking help from a debt settlement company, but you are a little skeptical. Are they the best solution for your financial woes? Before making a decision,… Read more »
3 tips for a successful Chapter 7 Brooklyn Bankruptcy
Bankruptcy is sometimes a necessary step, and it’s important to make sure it is handled appropriately so that you can move forward successfully. Finding a Brighton beach bankruptcy lawyer is going to be a crucial step, but you can also take these three steps to make sure you stay on the right track during the… Read more »
Common Bankruptcy Myths
Myths About Filing For Bankruptcy Myth: You Will Lose Everything If You File for Bankruptcy Fact: Many people are reluctant to file for bankruptcy because they think that they will lose everything. However, you will likely be able to keep your possessions. If you file for Chapter 7, then your possessions are protected. Chapter 7… Read more »
Bankruptcy for Older Americans
Brooklyn Bankruptcy Attorneys at Ursulova Law Offices, P.C. share the Article “‘Too Little Too Late’: Bankruptcy Booms Among Older Americans.” With with dwindling financial support and increase of expenses, older Americans are finding themselves looking to bankruptcy. Our bankruptcy attorneys understand your struggle and want to help. Contact us today to talk to one of our… Read more »
Who can view your Bankruptcy Record?
One of the most challenging financial situations that someone may have to deal with is declaring a personal bankruptcy. While most people have very good intentions with their personal finances, there are situations in which declaring bankruptcy is a necessity. If you do declare bankruptcy, it is important to realize that this will be a… Read more »
What Is an Automatic Stay and How Does That Apply To Me?
Bankruptcy can be very stressful. From losing your home to having creditors threatening you with legal action, you may feel as if there are no good options left. However, that is not true. By working with a skilled Brighton Beach bankruptcy lawyer to obtain a court order known as an automatic stay, you can put… Read more »
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