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 

What Not To Do With Your Refund If You Are Filing For Bankruptcy

Bankruptcy law has many twists and turns, and one area of possible distress involves actions taken just before filing your petition.  Some actions that are taken just before filing can cause grief, while the same actions taken just after filing are no problem at all. Tax Refund, Bankruptcy and Creditors One area of concern that 

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 

Filing Bankruptcy After the Holidays

Many people assume that bankruptcy filings go up right after Christmas because people use their credit cards to purchase gifts and find themselves unable to make the payments when the bills arrive in January.   We often hear from people who are in this situation, and they ask questions about any problems associated with their recent 

Avoiding Bankruptcy In The New Year

How to Avoid Bankruptcy? While most people do not think about avoiding bankruptcy, because they are employed or have cash reserves, if you are reading this blog post, you have come to this web site because you have questions about bankruptcy. One question I am often asked, is how to avoid bankruptcy. This question can 

Appearing in Court

Appearing in Court Video Transcription For people who file their Chapter 7 Bankruptcy, there’s usually only one appearance in court required. This appearance is called the Meeting of Creditors. It is called the Meeting of Creditors because creditors are allowed to come to court and question the debtor; this almost never happens. The questioning in 

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 

What Makes People File for Bankruptcy

What Makes People File for Bankruptcy Video Transcription I once was asked to give a speech to a group of people who make their living collecting debts. One of the things I did was to go around the room and ask them what they thought made people file for bankruptcy. Most of them felt that 

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