Chapter 7

New Yorkers who are considering the bankruptcy process as a way to get out from under debt should be aware of the various pitfalls of Chapter 7 bankruptcy. Millions of people file for bankruptcy each year, whether for their individual…

New York residents who are fans of the Real Housewives series on Bravo may be interested to learn that a new cast member from the upcoming ‘Real Housewives of Potomac” filed for bankruptcy before appearing on the show. Robyn Dixon,…

New York consumers who are struggling with their financial obligations may be interested in learning more about the role of the trustee in a Chapter 7 bankruptcy. Once the petition for Chapter 7 bankruptcy is filed, an impartial case trustee…

New York motorcycle riders may be interested to learn that in early September 2015, San Francisco’s Mission Motorcycles, Inc., filed for bankruptcy. The company, which had initially garnered favorable press coverage for its line of electric motorcycles, entered its Chapter…

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…

New York residents may have read that the hip-hop star Curtis James Jackson III, who is better known by the stage name 50 Cent, filed for bankruptcy on July 13. While stories about wealthy celebrities running into financial problems are…

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…

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…

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…

New York mortgage lenders may have been relieved to learn that the U.S. Supreme Court recently reaffirmed a decision that Chapter 7 bankruptcy filers are not able to strip away a junior lien secured by real property. In its decision,…