Let's say you file for Chapter 7 bankruptcy. One of your creditors comes along and sues, demanding that their debt survive the bankruptcy. Maybe they've got a good reason, maybe not. Either way, they file the adversary proceeding in bankruptcy against you. Your lawyer is served with the adversary proceeding in bankruptcy and gets in ...
Tag Archive: Chapter 7
Filing Chapter 7 Bankruptcy With Inherited Property
You're thinking about filing Chapter 7 bankruptcy, but you've got property (either real estate or personal property) that you inherited. You're concerned that you will lose it ...
Which Chapter of Bankruptcy To Choose When A Car Is Involved
Filing for bankruptcy in New York often involves a car. Though many New York City residents use the subway or ...
New York Bankruptcy Laws – Where To Find Them
New York bankruptcy laws are often thought to be just like the ones in other states – in fact, you probably think they’re found in the U.S. Bankruptcy Code. If only it were so easy. Learn more here.
10 New York Bankruptcy Exemptions You Need To Know
Bankruptcy exemptions for New York cases are governed by state law rather than by the U.S. Bankruptcy Code. Under Section 522 of the U.S. Bankruptcy Code, a consumer domiciled in New York can exempt only personal and real property exempt under Section 5205 and Section 5206 of the ...
