Chapter 7

Bankruptcy is designed to give people who need it a fresh start financially. For people in New York, Chapter 7 may be a viable option. Businesses, including partnerships, are also eligible for Chapter 7, but only qualified individuals will be…

When a New York debtor decides to file for Chapter 7 bankruptcy, the first step is preparing the information that the court requires. This includes a list of all creditors with the nature and amount of debt and an explanation…

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 new credit cards. The answer will often depend on a person’s credit rating.…

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.…

Having large amounts of outstanding debt is an understandable reason for choosing to file for bankruptcy. It might seem as though there are few viable options for people trying to eliminate their debts, although Chapter 7 bankruptcy might be one of them.…

As we have talked about on our blog, credit card debt is often a driver for people who file for bankruptcy. Debt can easily spin out of control if people rely on credit cards for everyday expenses; high interest rates,…