Why Do Chapter 13 Bankruptcy Cases Get Dismissed?
Introduction Filing for Chapter 13 bankruptcy can provide powerful relief from foreclosure, creditor collection efforts, as well as wage garnishments and frozen bank accounts. While a Chapter 7 bankruptcy eliminates debts and provides a fast fresh start, Chapter 13 allows individuals with disposable income to restructure their debts into a three-to-five-year court-approved repayment plan that […]
Can I Keep My Car When I File for Bankruptcy in New York?
One of the most common concerns debtors have when considering filing for bankruptcy is whether they are able to keep a car. For many New Yorkers, a vehicle is essential for getting to work, transporting family members, attending medical appointments, and managing everyday responsibilities. Due to a good amount of misinformation online, some debtors think […]
US Trustee Releases New Figures For Bankruptcy Means Test Figures
When an individual is considering filing for bankruptcy, one of the most important threshold issues is whether they are subject to the “Means Test” under 11 U.S.C. § 707(b). This test determines whether a debtor with primarily consumer debt may qualify for Chapter 7 bankruptcy or instead must file under Chapter 13. As of April […]
Struggling with Credit Card Debt? Why Bankruptcy May Be the Best Solution for You
In today’s uncertain economy, more Americans are struggling with credit card debt than ever before. Inflation, high interest rates, and increasing unemployment have left many consumers relying on credit just to cover their basic living expenses. Unfortunately, once credit card balances grow, it can be nearly impossible to escape the cycle of debt by paying […]
New York’s Highest Court Upholds the FAPA Law and Restricts Mortgage Lenders Ability to Reset Statute of Limitations in Foreclosure Cases
In a landmark set of decisions this past November, the New York Court of Appeals delivered what many legal observers are calling one of the most significant clarifications in New York foreclosure law in years. The court’s rulings in Article 13 LLC v. Ponce de Leon Fed. Bank and Van Dyke v. U.S. Bank upheld […]
Bankruptcies on the Rise in New York: What 2025 Revealed About Financial Stress
Bankruptcy filings have increased noticeably across the United States in 2025, and New York was no exception. After several years of historically low filing levels following the covid pandemic, the past year marked a clear shift. More individuals have turned to the bankruptcy courts for relief as financial pressures accumulated, signaling that many of the […]
The Hidden Costs of Paying Only Credit Card Minimums After the Holidays
The holiday season often brings joy but for many it ends with credit card bills that can linger long after the decorations are put away. Due to increased spending during the holidays, many consumers choose to make only the minimum monthly payment on their credit cards as a way to ease their post-holiday financial burdens. […]
Can I File for Bankruptcy Again?
As New Yorkers are continuing to face an ongoing affordability crisis, many are experiencing serious financial strain. Post covid and ongoing inflation has severely impacted household budgets. As a result, many Americans are living paycheck to paycheck. This is further evidenced by the record amount of outstanding credit card debt balances. According to the Federal […]
Updated Means Test Figures Effective November 1, 2025 What New York Debtors Need to Know
If you are thinking about filing for bankruptcy in New York, it is important to understand how recent updates to the bankruptcy means test figures may affect your eligibility to file for Chapter 7 bankruptcy. The means test is a budget test requirement in the bankruptcy code that applies to certain debtors seeking to file […]
The Pitfalls of Filing Bankruptcy Pro Se (Without an Attorney)
When grappling with economic hardship, bankruptcy may provide the best opportunity to obtain a fast fresh financial start. While it is true that you are not legally required to hire an attorney, filing for bankruptcy on your own, known as filing “pro se,” comes with serious risks. Bankruptcy law is complex, requiring knowledge not only […]