Habib and Zalewski P.C. with office located in Queens, Nassau and Suffolk counties brings you an overview article on Bankruptcy basics. As always our consultations are free and our fees listed on our website are the fees we charge. If you’re one of the 1.5 million people who filed for bankruptcy in 2010, the dark … Continue reading Rebuilding Credit Post Bankruptcy
Often clients tell me that it took a long time for them to finally make an appointment to see me about their bankruptcy. No one wants to file for bankruptcy, but sometimes it becomes necessary. The problem I often see is that people will wait too long to file their bankruptcy case, putting themselves in … Continue reading File Your Bankruptcy Sooner
Chapter 13 bankruptcy іѕ usеd bу an individual or business thаt dоеѕn’t wаnt to liquidate іn order to satisfy thеіr debts. Instead, іt іs а restructuring оf debt, which allowѕ thе business tо avoid closure in order to meet thеir debt obligations. On thе other hand, a chapter 7 bankruptcy filing allowѕ thе business tо … Continue reading Chapter 13 Explained: Why To File
For most people who are looking to file bankruptcy the choice really comes down to filing a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. In this article I would like to go over seven reasons why Chapter 7 can be preferable over a Chapter 13. Not all bankruptcy attorneys agree with me on this, … Continue reading Why Chapter 7 Bankruptcy?
I heard that you can keep your vehicle in Chapter 13 and pay less than your vehicle’s outstanding loan balance. Is this true? Get Caught Up on Car Payments In all situations filing a Chapter 13 bankruptcy petition will allow you to keep your vehicle. Even if you are behind on your vehicle payments by … Continue reading Lower Car Payments After Bankruptcy?
Chapter 13 bankruptcy involves crafting a repayment plan to your creditors over a 3-5 year period. If like many chapter 13 debtors, your income is too high to qualify for chapter 7 bankruptcy, your repayment plan will take place over a 5 year period. At the end of the repayment plan, the debtor’s remaining debts … Continue reading Chapter 13 Cases Don’t End In Discharge
In October 2010, six-time Grammy Award winner Toni Braxton filed for bankruptcy a second time. In her Chapter 7 bankruptcy petition, Braxton claimed debts of between $10 million and $50 million, which grew even worse when a heart condition – diagnosed as microvascular angina – forced her to cancel a series of Las Vegas shows … Continue reading Bankruptcy: The Story of Toni Braxton
Divorce filings and Bankruptcy filings often intersect. In my years as an attorney practicing heavily in bankruptcy law, I have seen countless individuals in consultations where a divorce is an issue. It is such a frequent occurence that I even list a “divorce decree” as part of the relevant documents in my standard retainer agreement … Continue reading How Does a Divorce Affect My Bankruptcy?
Millions of tickets are dolled out every year, not to mention government penalties and fines. Government tickets and fines are one of the most common forms of debt. Can these be discharged through a bankruptcy filing? In Chapter 7 bankruptcy, section 523(a)(7) of the Bankruptcy Code specifically states that fines and penalties owed to or … Continue reading Fines and Tickets in Bankruptcy?
I already gave up the house, why am I being billed by my HOA? As bankruptcy attorneys, we are all hearing this complaint from clients with increasing frequency these days. As counter intuitive as it may seem, we are today often asking mortgage lenders to hurry up and follow through with a foreclosure in a … Continue reading I Surrendered My House in Bankruptcy!
