I agree with the answers above. Generally IRAs are exempt up to a certain amount. It seems that you live in New York, therefore you are allowed to...

How to avoid bankruptcy?

Unfortunately, with that amount of debt and income, you are better off filing for bankruptcy. You would fit nicely into a chapter 7 bankruptcy,...

Federal Rules of Bankruptcy Procedure 2002 says 21 days for service of process. Generally, you would add 3 days to the 21 days for effective...

How does an automatic stay affect a pending date scheduled for oral argument ?

The state court will not proceed with oral argument on the motion for a judgment of foreclosure and sale until the bank files a motion to lift the...

How much does it cost to file Bankruptcy ?

The cost for a Chapter 7 depends on many factors. It can range from anywhere between a total of $2,000 to $3000. First I would have to determine...

Can a debtor file Chapter 11 to delay collection of debt after court issued judgement to pay back the loan,

Yes, the debtor can file for chapter 11, and stay collection on the judgment. If and once the debtor business files a chapter 11 bankruptcy...