What Is A Fraudulent Conveyance in Bankruptcy In New York?

Something that can surprise people when they file for bankruptcy is what is called a fraudulent conveyance. While the term “fraudulent conveyance” can sound almost criminal, but it is nothing of the sort. It refers to something a person may have done in the years before filing for bankruptcy that because of how the law 

Can I Keep My Tax Refunds If I File For Bankruptcy?

During the time at the beginning of each year when people are filing their income tax returns and expecting tax refunds, they often wonder if they will be able to keep those refunds if they file for bankruptcy. Sometimes people delay the bankruptcy filing because they are afraid of losing their refunds, and end up 

Debt Consolidation and Debt Settlement

Even though this is a blog about bankruptcy issues, we do have some advice about two ways to take care of one’s debts instead of filing for bankruptcy.  They are debt consolidation and debt settlement. Debt Consolidation Debt consolidation is where you pay your debts back through a debt consolidation company by sending them a 

What About After I Have Filed For Bankruptcy?

Once the bankruptcy petition has been filed and you have gone to court, and two months later received your discharge, there are a few things you should know to make sure you get the most benefit from your bankruptcy. If You Forget to Include a Creditor in Your Bankruptcy One thing to be aware of 

Chapter 13 Can Help You Keep Your Home

Chapter 13 Can Help You Keep Your Home Video Transcription Filing for bankruptcy under Chapter 13 can help you save your home. In a common situation, people will have arrears on their mortgage, meaning there are several months for which they haven’t paid their mortgage. If you have enough income to, Number 1, start paying 

Should I Reaffirm My Debt in Bankruptcy?

What is debt reaffirmation? In almost all cases where the debtor has a car loan or a mortgage, the creditor asks that the debt be reaffirmed.  Except in rare instances, we strongly recommend against reaffirming any debt. Reaffirming a debt is promising all over again to pay the debt even though it is discharged in 

Bankruptcy and Property Exemptions in NYC

The common question that people ask when they’re filing for a bankruptcy is what they will be allowed to keep. Attorney Allan Bloomfield speaks about main assets that are being protected in bankruptcy. One of the questions I am often asked when people are about to file bankruptcy is what they will be allowed to 

Should I Reaffirm Any of My Debts in Bankruptcy in New York?

The Bankruptcy Code provides for a procedure known as reaffirmation of debts.  This is a way for a debtor in bankruptcy to promise all over again to pay the debt that would have been discharged in bankruptcy.  It may seem that it would make no sense to reaffirm a debt that would otherwise have been 

Should I Give My Stuff Away Before I File For Bankruptcy?

There are actions you can take to lessen the impact of filing for bankruptcy, and sometimes we advise clients to take those actions.  One thing that never works, however, is giving something away, to a family member or a friend, just before filing for bankruptcy.  In fact, doing so within six years of filing does 

Are All My Debts Discharged In Bankruptcy?

The purpose of a bankruptcy filing is to get a discharge from your debts.  A discharge means that you do not have to ever pay the debts.  However, some debts are not discharged in bankruptcy and this post covers the most important exceptions to the discharge. The first category of non-discharged debts taxes.  If you 

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