Chapter 13

A Chapter 13 bankruptcy differs in a lot of ways from a Chapter 7 bankruptcy. One of the major differences, of course, is that Chapter 7 is considered a liquidation — you have to give up the right to any…

There are plenty of advantages to filing for Chapter 13 bankruptcy compared to filing for Chapter 7 bankruptcy in New York. One of the biggest advantages is that Chapter 13 can help prevent the foreclosure of your home. You have…

If you are leaning towards filing for bankruptcy, Chapter 13 will more than likely be the better option for you in New York. Chapter 13 has a lot of benefits that Chapter 7 does not have. It is also a…

It’s not unusual for marriages to suffer as the result of serious financial issues. What happens if a married couple has filed for Chapter 13 bankruptcy and later decides to divorce? Chapter 13 allows people to reorganize their debt rather than having…

People who file Chapter 13 bankruptcy can discharge some of their debt through a process called lien stripping. This is most commonly done with vehicles. However, liens can be stripped from other assets, like homes, as well. According to the Bankruptcy…

This time of year, most of our credit cards are getting an extra workout, whether through online or in-store holiday shopping. Using credit cards to make your purchases isn’t always a bad thing — especially if you have a card…

In a Chapter 13 bankruptcy, a debt discharge is allowed if the debtor meet three requirements. These requirements are that the debtor: — Has paid all domestic support obligations; — Has not received a discharge in a previous bankruptcy case…

Filing for personal bankruptcy can feel like a daunting endeavor. You’ll be introduced to a world of regulations and terms with which you’re likely not familiar. One term that you’ll hear a lot is “trustee.” Most people associate that with…

Many factors beyond our control can lead to a financial downturn that makes filing for bankruptcy the best option. An illness or injury that brings astronomical medical bills is one example. One New York lawmaker and her husband got hit…

Many people choose Chapter 13 bankruptcy over Chapter 7. Chapter 13 has a number of advantages over Chapter 7, including the ability to avoid foreclosure, a shorter period of time that the bankruptcy appears on credit reports and the ability to potentially…