Will I lose My Rent Stabilized Apartment in a Chapter 7 Bankruptcy in NYC?
Jun 08, 2015
The Court of Appeals for the Second Circuit ruled in March 2015 that a rent stabilized leases should be considered "local public assistance benefit, " similar to social security and as such, not an as...
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Will I lose my Inherited IRA in a Bankruptcy Case Given The Recent US Supreme Court Ruling?
Jun 17, 2014
Yes, if the amount of your inherited IRA is greater than any applicable exemptions in a chapter 7 Bankruptcy. However, depending on your financial circumstances, Chapter 13 may afford you protection...
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Will I lose My Rent Stabilized Apartment in a Chapter 7 Bankruptcy in NYC?
Jun 05, 2014
Chapter 7 Debtors may risk losing below market rent stabilized apartments in NYC . The Court of Appeals for the Second Circuit is considering whether such leases are protected. Pending the outcome...
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Removing the Second or Junior Mortgage Lien In A Chapter 13 Bankruptcy
Sep 29, 2011
If you meet certain criteria, you may be able to rid yourself of your second or junior mortgage, incuding a HELOC loan, through a chapter 13 bankruptcy case. ...
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Yes, New York State Residents Can Now Keep Their Cars In Bankruptcy!
Feb 06, 2011
Good News for New York Residents Who Own Cars!
In bankruptcy, equity in an asset is measure by the value of such asset, less the amount of the liens against such asset. So, for instance, if your 2005 H...
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New York Residents with Significant Equity in Their Homes Can Now file For Chapter 7. 212-949-5586
Feb 06, 2011
Good News for New York Residents! Prior to December 23, 2010, if a person owned a home with equity in excess of $50,000, he or she might be unable to keep such home. The chapter 7 trustee might have in...
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If You File Bankruptcy Without A Lawyer, BEWARE! (Part I)
Jun 19, 2010
Because the Bankruptcy Law Is Complex, It Does Not Take Much for Things to Go Wrong This is because Bankruptcy Law is extremely complex, which means that it does not take much for things to run afoul...
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Tips for Those Considering Bankruptcy or Other Solutions to their Debt Crisis
May 27, 2010
1. Visit an Experienced And Compassionate Lawyer Before Making Irreversible Mistakes Often people seek bankruptcy protection months, if not years, after they should have. The delay can be emotion...
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