Category: Chapter 7 Page 2

Tackling unmanageable debt through Chapter 7 bankruptcy

Perhaps it is credit card debt combined with high interest rates that has become unmanageable. Or, perhaps, a major illness has resulted in ever-mounting medical ...

What are some advantages to filing for Chapter 7 bankruptcy?

The decision to file bankruptcy is a big one. However, before even filing a debtor in Long Island will need to decide is whether to ...

What makes a debtor eligible to seek Chapter 7 bankruptcy?

Facing overwhelming debt can take over every aspect of an individual’s life. The stress of constant calls from creditors, threats of repossession, the possibility of ...

What happens during Chapter 7 credit counseling?

In a post a couple of months ago we discussed how Long Island area debtors who want to file for bankruptcy must complete a credit ...

What is the relationship between tax debt and Chapter 7?

Last week this blog discussed the extremely narrow circumstances in which a debtor in Long Island could seek to have his or her student loans ...

What is a bankruptcy discharge?

Residents throughout New York may be struggling with a variety of financial challenges. These challenges can lead individuals to the bankruptcy court. A bankruptcy can ...

Long Island juice chain revived after filing for Chapter 7

Many Long Island residents were saddened by the news last fall that the Organic Avenue chain of juice shops was apparently going out of business. ...

Macco & Stern attorneys can guide clients through bankruptcy

Significant debt can consume anyone, even those with historically solid financial footing. All it takes is one unexpected event – such as a lengthy medical ...

Trustee and liquidation to unsecured creditors in Chapter 7

When financial challenges make it necessary to consider filing for bankruptcy in New York, the first step is to find out which option is best. ...

What is the means test for qualifying for Chapter 7?

Long Island residents who are facing significant financial hardships have many options available to obtain debt relief. Among these alternatives is filing for bankruptcy. One ...