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 [...]
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: Chapter 7 Bankruptcy
Chapter 7 Bankruptcy: How Do Creditors Get Paid?
Non-Dischargeable Debts In Bankruptcy
A non-dischargeable debt is one that can’t be wiped out in a bankruptcy case. Even if the bankruptcy case is successful, the non-dischargeable debts remain legally enforceable
11 U.S.C. 523 lists those debts that are non-dischargeable. The list is a large one, but the debts that cannot be discharged include:
any debt for employment taxes;
debts for [...]
Chapter 7 Bankruptcy Dismissal For Abuse
When you file for Chapter 7 bankruptcy, the goal is a discharge of your debts. An the worst-case scenario is not only getting your case dismissed, but having it dismissed for abuse.
The bankruptcy court can dismiss your case if it finds that the granting of relief would be an abuse of Chapter 7. This [...]
Chapter 7 Bankruptcy And Tax Refunds In New York
You’re thinking about filing for bankruptcy in New York and you’re wondering, What will happen to my tax refund when I file my case? After all, you rely on that big check to carry you through for a number of essential reasons. For some, it’s forced savings through the year. For others, it’s like a [...]
NY Bankruptcy Attorney Files Without Client’s Permission?
Can a bankruptcy lawyer file a case for you without your permission? Not without your signature. Yet that’s exactly what a Yonkers consumer says happened to him.
Domingo Hernandez was facing foreclosure on the Yonkers home where his parents lived, so he did what any smart New Yorker would do – he called a lawyer. [...]
