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NY Bankruptcy Means Test
When you’re overwhelmed by debt, Chapter 7 bankruptcy allows you to start over financially. In exchange for surrendering any non-exempt property, you receive a discharge from unsecured debts like medical bills, credit cards, and personal loans. To qualify for Chapter 7, however, you must take the means test, which compares...Read more
Wage Garnishment Facts
How Do I Stop a Wage Garnishment in NY? When you’re dealing with an overwhelming debt load, you can be...
Should I File for Bankruptcy?
Should I File for Bankruptcy? On June 18, the New York Times warned that what it called a “wave of...
How to file for Bankruptcy in NY
From credit cards and mortgages to student loans and medical bills, people are carrying more debt now than at any...
Chapter 7 vs Chapter 13 in New York
Sometimes, despite their best efforts, New Yorkers find themselves in serious debt. Even after intense budgeting, credit counseling, and downsizing...
Coronavirus Bankruptcy: Should I Consider Filing for Chapter 7 Bankruptcy?
Coronavirus bankruptcy? Attorney Daniel Gershburg discusses bankruptcy during the coronavirus pandemic. Coronavirus Bankruptcy Considerations The coronavirus has changed the way...
Coronavirus spread severely restricts access to Bankruptcy Courts in NYC
New directives from Courts about who may enter the Courthouse Emails went out today from both the Southern District of...
What will the Trustee ask me at the Meeting of the Creditors
So, you ask: "what will the Trustee ask me at the Meeting of the Creditors?" I decided to answer that...
Cars and Bankruptcy in New York City
Cars and Bankruptcy don't go together, right? You're worried. You've got a ton of debt, but now what? You're filing...
Why you should never become a co-signer
"Dear Gershy: I'm in a bit of a situation. I go to a synagogue and got to know the...
You’re a nervous wreck that’s scared of Bankruptcy
You've come into my office, nervous, panic stricken and sleepless. You have no idea where to go from here. You...
Filing Bankruptcy. Assets of $1,000. Liabilities of $2,000.000
This Michigan Brewing Company Founder is filing Chapter 7 Bankruptcy. He lists $3200 in assets and $8,200,000 in debt. Read...
New York Bankruptcy After Sandy
I hesitate in writing this post. I know, as with any other disaster, after a period of time people will,...
Rich Dad, Poor Dad, Bankrupt Dad
A few days ago it was reported that Rich Global, a company founded by Robert Kiyosaki, the author of numerous...
Foreclosure & Bankruptcy in NY
When you’re hit with a foreclosure notice in New York City, it turns your world upside down. You will likely...
Bankruptcy in New York City is dropping; The economy is worse
As a Manhattan Bankruptcy Attorney, over the past few years I've witnessed a boom in Bankruptcy filings across New York...
My Grandmother is Immortal
My Grandmother may in fact be immortal. The woman is 92 years old and is in great mental shape. She...
Settling with Creditors because you have tons of money to throw away. Like, tons…
I've discussed this issue in the past 203493 times, but here it is again. Nice client comes in. Nice client...
Daniel talks about Bankruptcy on LawLine
Recently, New York passed perhaps the most drastic change to the Bankruptcy laws in almost a decade. Lawline TV asked...
Filing Bankruptcy in New York City and keeping cash
About 6 moths ago, if you had walked into my New York Bankruptcy office and told me that you had...
Finding a Bankruptcy Lawyer in Queens
Seems like an odd title, no? Why just blog about finding a Bankruptcy Lawyer in Queens. Because we've received numerous...
Means Test number for filing Bankruptcy in Brooklyn have changed
The U.S. Trustees office has released new Means Test numbers for those people filing for Bankruptcy in New York City....
Giving up your car in a Brooklyn Chapter 7 Bankruptcy
If you have an extraordinary amount of debt and you're looking at filing for Bankruptcy but you own a car,...
Do not remove your name off of a bank account before a Chapter 7 Bankruptcy in Brooklyn
Folks, light blog today as it is Friday and I know the last thing you want to do is read...
Why Arguing with a Chapter 7 Trustee in New York is silly…and other musings
My apologies for not blogging as frequently in the past several weeks. We've been setting up www.chapter7newjersey.com site, and thats...
Can I Keep My Car After Filing for Bankruptcy in NJ?
One of the main concerns many people have when filing for bankruptcy is whether they can keep their automobiles. Whether...
Can I Keep My Home if I File for Bankruptcy in New Jersey?
Many people who want to file for bankruptcy in New Jersey refrain from doing so because they are afraid of...
New Jersey Bankruptcy: Chapter 7 vs. Chapter 13
If you’re thinking about filing bankruptcy in New Jersey, you may not know that you have a couple of options....
I received a Summons and Complaint in the mail, should I file for Chapter 7 Bankruptcy?
So...you're getting sued. Well, we previously discussed on this blog what happens when you get sued by a Creditor in...
Using a 401k Loan to Make Credit Card payments is a waste of money
As I was reading this past weekend, I happened upon this article www.huffingtonpost.com/2010/08/20/401k-hardship-withdrawals_n_688753.html The article, in no uncertain terms, finds...
Updated New York Bankruptcy Limits Means Thousands more will be able to keep their homes and cars and still file
You may now be able to file a Chapter 7 Bankruptcy in New York City and keep your home if...
If you own a house in New York City and you’re filing for Bankruptcy without a lawyer, you’re insane.
I just came back from a Bankruptcy trustee meeting in Brooklyn, New York. One of the individuals filing for Chapter...
When should I file for Bankruptcy in New York City?
Most of my clients come into my New York City Bankruptcy office and say "I should have done this a...
A common New York Bankruptcy Question: Does my Spouses Income count towards the Means Test…YES!
A very very short post which will answer the question that many of my Bankruptcy clients in Manhattan and Brooklyn...
What if you have assets during a Chapter 7 Bankruptcy in Manhattan: Dont be Greedy!
by: Daniel Gershburg, Esq. Lets be real. No one necessarily wants to file for Chapter 7 Bankruptcy in Manhattan as...
Filing Chapter 7 Bankruptcy in Brooklyn when you have a small business
Many of my New York City clients have a common question: Can I file for Chapter 7 Bankruptcy in Brooklyn,...
Staten Island Bankruptcy Lawyer Daniel Gershburg discusses the inevitability of Bankruptcy
Ive handled many Chapter 7 Bankruptcy cases for clients in Staten Island, as well as everywhere across New York. One...
Manhattan Bankruptcy Lawyer Daniel Gershburg discusses the Meeting of the Creditors
I am a Manhattan Bankruptcy attorney and have seen my fair share of 341 meetings (better known as the meeting...
Manhattan Chapter 7 Lawyer discusses keeping your home in a Chapter 7 Bankruptcy in New York City
Hey guys: Its been some time since we last blogged about Bankruptcy in Murray Hill, Bed Stuy, or anywhere in...
New York City Bankruptcy Lawyer Daniel Gershburg records interview to be used in law school
As your trusty New York City Chapter 7 Bankruptcy Attorney I use this blog to talk about issues you may...
Brooklyn Bankruptcy Attorney gives three tips for a successful Chapter 7 Bankruptcy in Brooklyn
As a Chapter 7 Bankruptcy Lawyer in Brooklyn, and really across all of New York City, I have been to...
Bay Ridge Bankruptcy Lawyer Discusses Keeping Your Car in a Chapter 7 Bankruptcy
Chapter 7 bankruptcy stops collection actions like foreclosure, repossession, and wage garnishments, but you may be required to surrender nonexempt...
New York City Loan Modifications are not stopping Chapter 7 Bankruptcies in New York
Look, lets face it. Getting a loan modification in New York is about as likely as walking home to find...
Will my New York City Bankruptcy affect my prospects for getting a job?
The best answer I can give to the question of "Will me filing a Bankruptcy in Brooklyn or in Manhattan...
Can I file for Chapter 7 Bankruptcy in New York if I own a business?
The short answer to this question is yes. This really depends, however, on the type of business you have, the...
You can’t be Half Bankrupt
Just like the expression "You can't be half pregnant", the same is true for Bankruptcy in New York. What I...
Its not OK to hide assets and file for Bankruptcy
First and foremost, I want to apologize for not blogging for the past month, as we have been taking a...
Personal Bankruptcy and your 401K.
Ive blogged about this before but I want to re-iterate that if you're in deep credit card debt and don't...
Social Security & Bankruptcy
Short post here as I wanted to address questions that I have been receiving from my clients. If you file...
Can I keep my car if I file Bankruptcy?
In most instances, you can keep your car when you file for Chapter 7 Bankruptcy, although each state has their...
Walking away from your New York home…
I am in Florida folks. I am in Florida to visit family and also to take the possible first steps...
Pay your New York Credit Card Judgments or file for Chapter 7 Bankruptcy
Many of my clients have a dilemma: They have multiple judgments in their name and little or no money to...
Fighting Mel S. Harris and the rest…
Ive been receiving more and more calls from clients stating that their funds have been frozen by Mel S. Harris...
New Bankruptcy Legislation will allow you to modify your mortgage in New York
The New York Times ran an article yesterday stating that legislation allowing Bankruptcy Judges to modify mortgages has passed an...
If it smells like Bankruptcy….
It's a new year folks. New resolutions, new gym memberships, more Nicorette patches being sold, more "me" time, etc. While...
Tapping into a 401k to avoid Personal Bankruptcy in New York is crazy…
Look folks. We have to face some facts here. If you're making $45,000 a year and have a family, and...
Bankruptcy vs. Debt Settlement
Today I had a client in my office in Brooklyn who wanted to possibly retain me for debt settlement. I...
Debt Settlement Companies exposed by the Wall Street Journal
Just wanted to provide a link to a great article written in the Wall Street Journal about the failure,and the...
Why Debt Settlement in New York doesn’t work
I've been rambling on about this for the previous few posts, but I just want to again illustrate the severe...
What the Economy Means for New York City Bankruptcy clients
This will be the first in a three part series (Sounds very "Dateline"-ish) detailing exactly how this economic crisis will...
An Example of New York Debt Settlement Company charging absurd fees
By: Daniel Gershburg, Esq. This past weekend I was interviewed by News 12 New York about a Brooklyn debt settlement...
New York Debt Collection Firms Sometimes Use Scam Service of Process
By: Daniel Gershburg, Esq. Want to know how many debt settlement companies or attorneys serve you with legal papers? They...
What You Should Do After Receiving a Phone Message or Voicemail from NYC Debt Collectors
By: Daniel Gershburg, Esq. A short message. Pardon the pun. If you find that a debt collector has called you,...
An attorney’s two cents on New York City Debt Settlement
By: Daniel Gershburg My oh my how far these collection agencies have gone. I am now hearing stories about collection...
Can I file for Bankruptcy in New York if I own a home in Florida?
Yes you can. So long as you have been domiciled in New York for 180 days prior to filing...
Why Indy Mac Bank is just the beginning….
By: Daniel Gershburg, Esq. The collapse of Indy Mac Bank last week was not a surprise to many in...
Short Sale of your New York home
By: Daniel Gershburg, Esq. A client came into my office recently to discuss the possibility of "shortselling" her home. She...
Know your Bankruptcy Attorney
By: Daniel Gershburg, Esq. It gives me a really special feeling inside when I go to a trustees meeting and...
The Bankruptcy Lifestyle
By: Daniel Gershburg, Esq. Let me just say that there are certain things Bankruptcy can do and certain things it...
Tricked into Bankruptcy
By: Daniel Gershburg Its a telling sign of the times when a client comes in and needs to file for...
Improving your credit after filing for Bankruptcy in New York
Want to know the easiest way to re-establish credit after filing for Bankruptcy in New York? Auto Bill Pay. Yes....yes...auto...
New York City Bankruptcy Rumors (Round I)
A short post today to warn many of you of listening to bankruptcy rumors and misconceptions from members of the...
Bankruptcy in college
When I started my New Jersey bankruptcy office, I began to advertise in the school newspaper of my Alma Mater, Rutgers...
Filing for Bankruptcy in NYC Without an Attorney
To me, filing your bankruptcy in New York without the help of an experienced attorney is much like sensing your...