People are often scared about what will happen to their car if they file bankruptcy and whether they will lose their car. This is question we get asked very often by clients in the Staten Island, Brooklyn, Queens, Westchester and Long Island. In a prior post ( What Happens to…
Articles Posted in Personal Bankruptcy
What Happens If I Am Financing a Car and I File Bankruptcy?
People are concerned about what will happen to their car if they file bankruptcy. Clients in the Bronx, Queens, Brooklyn, Long Island and Westchester ask us this all the time. In a prior post ( What Happens to My Car in Bankruptcy ) we covered what happens if the car…
What Happens to My Car in Bankruptcy?
This is a very common question we get from clients and prospective clients in Brooklyn, Queens, Staten Island and Westchester (car ownership seems to be lower among our Manhattan clients). The answer, like many things, involving the law, is that “that depends”. Is the car paid for, being financed, or…
Chapter 7 or Chapter 13 Bankruptcy Filing in New York?
A common question I get asked by people from the Bronx, Queens, Staten Island, Brooklyn and Manhattan considering filing for personal bankruptcy is whether they should file chapter 7 or chapter 13. Chapter 13 bankruptcy is typically used to preserve a valuable asset, such as a house, car, or rental…
I Live in New York and Am Considering Bankruptcy — Should I Do Nothing — Am I Judgment Proof?
In response to questions we received from clients and prospective clients in New York City, Bronx, Queens, Manhattan and Westchester, in a series of 4 posts we are exploring the most common alternatives to personal bankruptcy for New Yorkers faced with money problems. A prior post on our blog I…
Is Credit Counseling Something I Should Try Before Filing Bankruptcy in New York?
In response to questions we received from clients and prospective clients in Manhattan, Bronx, Brooklyn, Queens and Westchester, in a series of 4 posts we are exploring the most common alternatives to personal bankruptcy for New Yorkers faced with money problems. A prior post on our blog I Live in…
Should I Try Debt Settlement First Before I file Bankruptcy in New York?
New York is expensive place to live. We have higher rent, higher taxes, and higher utility bills than many other parts of the country. Many people in Queens, Brooklyn, Manhattan, Long Island and Westchester are feeling the pressure of higher gas prices, higher food prices and stagnant wages. Faced with…
I Live in New York and Am Considering Bankruptcy — Should I Try Negotiating with My Creditors First?
Many New Yorkers are feeling the pressure of the high cost of living in Manhattan, Bronx, Brooklyn, Queens, Westchester and Staten Island and a painful combination of some or all of the following: high mortgage debt, high credit card debt, high gas prices, high medical bills, student loans and other…
New York Personal Bankruptcy — Am I Eligible to File?
As a result of the changes to the Bankruptcy Code in 2005 many people are confused about whether they are eligible to file personal bankruptcy. As a result of credit card and bank lobbying, in 2005 Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCA). While…
New York Foreclosure — Personal Chapter 11 Cases
As we see increasing amounts of foreclosure throughout the New York metropolitan area, in Brooklyn, Queens, the Bronx, Staten Island, Westchester County, Nassau County and Suffolk County, our office (Starr & Starr, PLLC in Manhattan) get many inquiries about whether bankruptcy can be used to save a home facing foreclosure…