Record Breaking Credit Card Debt
According to a new report by the Federal Reserve Bank of New York, the total U.S. consumer credit card debt is now at all-time high of $1.03 trillion in the second quarter of 2023. According to the report, credit card debt in the United States increased by $45 billion from the first quarter of 2023 […]
Can I Keep My Home If I File for Bankruptcy in New York
A common question we receive from our clients is whether they can retain their home if they file for bankruptcy. The answer to the question of whether a debtor may retain their home in bankruptcy depends upon the amount of equity in their home, the applicable bankruptcy exemptions, and whether they are filing for Chapter […]
Is My Car Protected in Chapter 7 Bankruptcy?
One of the most common questions we receive from debtors who are potentially looking to file for Chapter 7 bankruptcy is whether they can keep a car. The quick and short answer is yes depending upon the facts of the particular bankruptcy case. When filing for Chapter 7 bankruptcy, there are bankruptcy exemptions debtors can […]
Should I Refile My Chapter 13 Bankruptcy Case?
Not every Chapter 13 bankruptcy case is successful. The debtor’s case is sometimes dismissed or withdrawn before the plan is completed. Just because your case was dismissed, it does not mean you should not seek protection again in Chapter 13 bankruptcy again. There are numerous reasons why a Chapter 13 case may fail. Most commonly, […]
