Equity is one of the most important terms when it comes to your bankruptcy case. When determining whether you can keep property in Chapter 7 bankruptcy, your lawyer will often look to the amount of equity. Too much and you could lose it, so you can see why it’s so important.
Put simply, equity [...]
Bankruptcy information for New York consumers. Published by Jay S. Fleischman, a New York bankruptcy lawyer helping consumers end their bill problems using Chapter 7 and Chapter 13 bankruptcy.
Bankruptcy Definitions – Equity
New York Bankruptcy: How Much To Pay In Legal Fees?
You’ve made a commitment to getting out of debt, and now you’re trying to narrow down the field to decide which bankruptcy lawyer to hire. Truth be known, there are a lot of us in New York – some with decades of experience, some with a few years, and even more just breaking into [...]
Filing For Bankruptcy In New York Takes 5 Minutes
When you need to file for bankruptcy, you typically want it done pretty quickly. In the old days, that just wasn’t possible without advance planning. Your lawyer needed to make a bunch of copies of your bankruptcy documents, hop on the train or jump in the car, and be sure the court was open.
What most [...]
Chapter 7 Bankruptcy: How Do Creditors Get Paid?
You’ve filed Chapter 7 bankruptcy in New York and there were assets that were sold by the trustee and turned into cash. Now you’re wondering just how your creditors are going to get paid.
Will the tax collector get first crack at the money, or will the student lender? How about the mortgage company? Or child [...]
Chapter 7 Bankruptcy Trustee Role In New York
When a Chapter 7 bankruptcy is filed in New York, the Executive Office of the United States Trustee appoints an impartial individual to administer the case; this person’s job is to administer the case and liquidate (sell) any property that cannot be claimed as exempt. This person is known as the Chapter 7 Bankruptcy Trustee [...]
