Many people think that the only people who file for bankruptcy are those who have low-income and middle-income. However, rich people often find themselves needing a Brooklyn bankruptcy attorney as well. There are many reasons rich people have to file for bankruptcy. Monthly Expenses Too High Many rich people live above their means. They may… Read more »
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What Not to do before you file for Bankruptcy!
If you are thinking about filing for bankruptcy, then you have probably been given a list of things that you should do. There are also some things that you will need to avoid. If you make a mistake during the bankruptcy process, then you may not be able to get your debts relieved. You may… Read more »
Why You Shouldn’t Hide Assets During your Bankruptcy
A New York City bankruptcy requires you to reveal any assets you have to the court. In certain bankruptcy types, assets are used to repay debt if they are not necessary to your survival. There are situations where a person who owns next to nothing will file a bankruptcy claim, and those who are trying… Read more »
Who Pays the Bills when you File for Bankruptcy?
You will be able to eliminate multiple debts at once if you file for bankruptcy. This is a great option for people who have debts that they are unable to deal with on their own. Chapter 7 bankruptcy and Chapter 13 bankruptcy are the options that you have. The type of bankruptcy that you file… Read more »
What Is Involuntary Bankruptcy Case?
Involuntary bankruptcy is a rare form of bankruptcy. It is a form of bankruptcy that is filed by the creditors. It is not filed by the person who owes the money. Involuntary bankruptcies are typically filed against businesses. Why A Creditor May File Involuntary Bankruptcy A creditor may choose to file for involuntary bankruptcy if… Read more »
Will Bankruptcy Stop My Wage Garnishment?
Bankruptcy is designed to give you a fresh financial start by eliminating most forms of debt. It can also help you if you are facing action from creditors, including foreclosure, repossession, lawsuits, and wage garnishment. Here is what you should know about using bankruptcy to stop a wage garnishment. Wage Garnishment and Bankruptcy Protection When… Read more »
What is the Bankruptcy Means Test?
There is a lot to know when it comes to filing bankruptcy. For example, there are different types of bankruptcy for which you can file, not to mention the Bankruptcy Means Test that you can take. Essentially, the Bankruptcy Means Test is meant to determine who is eligible for filing for Chapter 7 bankruptcy. This… Read more »
Can I Keep my Home if I File for Bankruptcy?
If you have been forced to file bankruptcy, this can raise a variety of concerns in your life. For example, many people wonder if they will be able to keep their homes if they have filed for bankruptcy. If you are in this situation, the answer is that it depends on the situation. First of… Read more »
Creditors Keep Hounding Me: How a New York Bankruptcy Attorney Can Help You
The phone keeps ringing and you just want it to stop. You know who it is. Another creditor wanting to be paid and you don’t have the cash, at least not this week. It is a familiar story that those of us at Ursulova Law Offices hear. The constant calls interrupt your work day, your… Read more »
How to Decide What Type of Bankruptcy is Right for You?
Filing bankruptcy can be a challenging and emotionally-charged experience. If you have suffered a financial loss great enough to decide that filing bankruptcy might be for you, you should consult a Brooklyn bankruptcy attorney before doing so. There are two types of bankruptcy available to the general public: Chapter 7 and Chapter 13. Chapter 7… Read more »
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