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.
Tag Archive: bankruptcy trustee
Bankruptcy Definitions – Equity
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 [...]
Denial Of Discharge In Bankruptcy
Discharge in bankruptcy is the brass ring, the reason you filed your case in the first place. But before you step into the court system, be aware that it can be denied by the bankruptcy court.
What Are The Grounds For Denial Of A Bankruptcy Discharge?
You will certainly face denial of your discharge in bankruptcy if [...]
Filing For Bankruptcy – Why Hire A Lawyer?
Filing For Bankruptcy – Why Hire A Lawyer?
Fill out some forms, sign them and send them to court. Why the heck do you need an attorney for your bankruptcy case?
In other words – “How do I file for bankruptcy without a lawyer?”
That’s the attitude that a lot of people have. I know because I see [...]
