The former owner of Printing Methods Inc. filed for Chapter 7 bankruptcy Aug. 8 in U.S. Bankruptcy Court in Rochester. At the time of the bankruptcy, he had debts of $3.95 million and assets of $537,000. The personal bankruptcy filing…
New York residents who are interested in information about bankruptcy may benefit from specific details of how the bankruptcy process works. A Chapter 7 bankruptcy for an individual begins with the person requesting it filing a petition with the courts.…
New York residents who have recently filed for bankruptcy protection may want to know what to expect in the future as far as being able to obtain a new credit card. The answer will often depend on a person’s credit…
New York residents who are struggling with debt may be interested in some information on Chapter 7 bankruptcy and the eligibility requirements for filing. By filing for Chapter 7, a person may get a fresh financial start to their lives.…
“In Shea v. Commissioner the U.S. Tax Court decided in favor of the taxpayer, a developer of planned residential communities, and allowed the taxpayer to defer the recognition of income from the sale of homes under its completed contract method…
Long Island residents who are struggling to make payments on their credit card debts or mortgage may be interested in how a Chapter 13 bankruptcy can help. This bankruptcy type has many advantages and allows manageable payments to be made…
The IRS issued new regulations on payment to whistle blowers today as follows:
New York residents contemplating bankruptcy may want to learn more about the timing aspects of a bankruptcy filing, such as the discharge date or how long bankruptcies stay on a credit report. The discharge date is dependent on the type…
According to a study released on July 29 by the Urban Institute, 35 percent of Americans have debt that has gone to collection. The study reportedly looked at 7 million credit profiles and found that a large number of those…
According to Equifax, there are more than 200,000 accounts in collections for an outstanding debt of less than $100. Moreover, these little debts often go overlooked until it is time to purchase a car or apply for a mortgage. In…
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