Where Exactly Is My Bankruptcy Filed in New York? It often surprises people who file for bankruptcy in New York to learn where exactly their case is filed. Many know where the courts are located, having passed courthouses as they drive around their neighborhoods, and they assume that is where their bankruptcy case is filed.
Will I Still Have to Pay Rent After Bankruptcy?
Rent and Rent Controlled Apartments in Bankruptcy Two questions debtors often ask when they file for bankruptcy are whether they will have to pay their rent once they file for bankruptcy and whether they might lose their rent-controlled apartment if they file. The obligation to pay rent for an apartment has two facets, much like
What Property Can I Buy Before Filing Bankruptcy?
Can I Buy Things Before I File For Bankruptcy? Some clients wonder, if they are about to file for bankruptcy, why not use the credit that is left on their cards? The answer is that using credit cards shortly before filing for bankruptcy is a recipe for difficulty . There are several problems that could
Pensions, New Jobs, and Landlords in Bankruptcy Cases
Pensions, New Jobs, and Landlords in Bankruptcy Cases Questions that often are asked as clients consider filling for bankruptcy are whether they will be able to keep their pension benefits and whether they will have trouble getting new jobs after filing . The answers are generally positive in these areas for people who do decide
What Happens to My NY Corporation in Bankruptcy?
If I File Bankruptcy Will I Lose My NY Corporation? The theory (but not the practice) behind bankruptcy is that someone who files for bankruptcy gives up all of their assets. The assets are sold and the proceeds are distributed to the creditors. The amount left unpaid is then forgiven, or discharged. In practice, because
Taking Care of NY Judgment Liens in Bankruptcy
Taking Care of Judgment Liens in Bankruptcy When someone is sued for a debt in court, the resulting judgment can become a lien on their real property. Becoming a lien means two main things: first, the creditor can actually force the sale of the house to satisfy the lien, though this almost never happens; and
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
Will People Find Out About My NYC Bankruptcy?
Clients often ask me whether other people will find out about their bankruptcy. They do not want their employer, prospective landlords or their friends to find out. They feel they will have difficulties with certain affairs if their bankruptcy becomes public knowledge. Bankruptcy Court records are public records, but they are not generally available on