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Filing a bankruptcy and debt collection efforts

New York residents struggling to cope with an unmanageable financial situation are likely familiar with the sometimes dubious practices of debt collectors. Collection agencies are notorious for their relentless pursuit of unpaid bills, but they are required to operate within…

Discharging debt in New York

When New York consumers are considering filing for Chapter 7 bankruptcy, it is important that they understand how this process works to determine if it is right for them. This type of bankruptcy can eliminate debts, but not all debts…

Celebrity bankruptcies

Many New York residents who become overwhelmed by debt decide to file for bankruptcy. Even people who have earned millions of dollars can sometimes find themselves in a financial mess that they need help extricating themselves from. It was recently…

Liquidating business assets

Liquidating assets in a sale can sometimes be the smartest move for a business owner in New York who is no longer making money. When a business is not turning a profit, selling the business may not be possible because…

Music producer Scott Storch files for bankruptcy

New York-born music producer Scott Storch filed a Chapter 7 bankruptcy petition in June after spending a $70 million fortune on private jet flights, real estate, jewelry, cars and cocaine. The 41-year-old previously filed for Chapter 13 bankruptcy in 2009…

Clothing retailer files for bankruptcy protection

New York-based children’s clothing retailer Ezrani 2 Corp. filed for Chapter 7 bankruptcy on June 18. The company operates a group of stores under the name of RUUM American Kid’s Wear that sells clothing and accessories to boys and girls…

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