Posts Categorized: Uncategorized

What are exemptions and how do they work? This is an important question because exemptions make a difference in items that will be part of the proceeding. Bankruptcy laws can be confusing, that is why it is important to consult a Brighton Beach bankruptcy lawyer before filing. What are exemptions? Exemptions can be property, cash… Read more »

Owning your own business could be a personal dream. While many people dream to own their own small businesses, keeping a business open and profitable can be very challenging. In some situations, a company may go out of business and will have to declare bankruptcy due to the amount of debt that it has. If… Read more »

What is Business Bankruptcy? Many businesses fail and are forced to file for bankruptcy. This is a process where a person goes through federal court in order to repay or eliminate their debts. If you are thinking about filing for bankruptcy, then it is best for you to hire a Brighton Beach bankruptcy lawyer. Types… Read more »

When can a bank take your money from you? That is an important question to ask, especially if you are at the point when bankruptcy can seem like a very real option. While in some cases it’s entirely legal – and very possible – for a bank to remove money from your account, it’s also… Read more »

Many people have the wrong idea about bankruptcy. It is not like TV where a person had their house raided after filing for bankruptcy. The good news is that this is something that rarely happens in real life. It is important to make sure that all of the documents are filled out correctly. You will… Read more »

What Type of Debt is Not Covered by Bankruptcy?  Bankruptcy will allow you to wipe out the vast majority of your debt. However, there are some debts that you will not be able to get rid of with bankruptcy. If you have child support and alimony, then you will not be able to get rid… Read more »

How Bankruptcy Affects Your Credit Score  Bankruptcy is one of the worst things that you can have on your credit report. In fact, you can expect your credit score to drop anywhere from 160 to 220 points. Even if you had a good credit score before filing for bankruptcy, your credit score will likely be… Read more »

If you have found yourself in a situation in which you are going to file for bankruptcy, you could be concerned that life, as you know it, is over. In some ways, this is the case; for example, you will no longer have to worry about creditors calling you and harassing you about debts that… Read more »

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 »

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 »