Bankruptcy isn’t for everyone and you should consult with an attorney before making any hasty decisions. Some of the questions you need to consider if you are thinking about filing for bankruptcy in the Bronx include:
Author Archives: Thomas Denaro
10 Facts About Credit Cards in the United States
Credit cards have been in existence since the 1950’s, and in today's society credit card debt can create a significant amount of financial stress.
Differences Between Chapter 7 and Chapter 13 Bankruptcy
An experienced Bronx bankruptcy attorney can review your debt and finances and determine if Chapter 7 or Chapter 13 is best for your situation.
Differences Between Chapter 7 & Chapter 11 Bankruptcy
Whether you file Chapter 7 or Chapter 11 is largely based on how much income you earn. Learn some key differences between the two bankruptcies in New York.
What Can You Keep? Income and Assets Exempt From Garnishment in New York
Wage garnishment takes place when the government or a court order notifies your employer that a portion of your paycheck will be removed to pay a debt. This could be from credit card debt, student loan debt, medical bills, bank loans or unpaid taxes. It can be a difficult process to go through, especially when […]
Chapter 13 Bankruptcy Process
There is certain information you will need to gather before filing for Chapter 13 bankruptcy.
Chapter 13 Bankruptcy
The other common type of bankruptcy is Chapter 13 bankruptcy. This is also called “wage earner” bankruptcy, because you must have a regular source of income in order to file for Chapter 13 bankruptcy.
Chapter 13 Repayment Plan
Your repayment plan will describe how you plan to pay each type of debt. Arrears on your secured debts, like car loans and mortgages must be repaid 100% through the plan.