Chapter 13

For many New York retirees, filing a Chapter 13 bankruptcy could be a prudent financial move, and this is particularly true if they have capitalized on their home’s value by taking out second or third mortgages or home equity lines…

New York residents may have read that the U.S. Supreme Court recently issued a ruling regarding the ability to appeal a denial of proposed repayment plans in Chapter 13 bankruptcy cases. Previously, the lower courts had split, with some allowing…

Some New York residents may be familiar with how the bankruptcy system works. By filing for bankruptcy protection from creditors, some or all outstanding debts may be discharged upon the completion of the process. However, there are some obligations that…

There are two primary types of personal bankruptcy available to New York residents. While Chapter 7 involves a liquidation of non-exempt assets in order to pay creditors, Chapter 13 offers a different option through which individual debtors will not necessarily…

Residents of New York may not realize how Chapter 13 bankruptcy pertains to an existing mortgage. During this process, certain legal rights exist to protect the homeowner from a lender being able to initiate a foreclosure, provided that the three…

Many New York residents considering bankruptcy avoid filing for it because they fear that they will lose their homes or other property. However, Chapter 13 bankruptcy helps individuals, even those who are self-employed or own an unincorporated business, adjust payments…

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…

Those who are seeking debt relief may seek protection in bankruptcy court. The two most common forms of bankruptcy are Chapter 7 and Chapter 13, and Chapter 13 is often sought by those who want to protect assets from liquidation…