Bankruptcy

Follow along to understand how to start the bankruptcy process and how a Rockland County bankruptcy attorney can help you through every step.

Read on to learn the benefits of hiring an attorney when filing for bankruptcy and how a Suffern New York bankruptcy attorney can help you.

With the major implications that come with bankruptcy, you may be hesitant when determining whether filing is the best move to make. However, contrary to popular belief, there are many benefits associated with filing for bankruptcy. Follow along to learn whether you should take the plunge, and how a seasoned Suffern bankruptcy attorney at the […]

If ordered with the post-divorce financial obligation of alimony, you may have to make regular payments to your former spouse so as to maintain the standard of living they established during the marriage. Since this is not a permanent financial agreement, you may be wondering how this will be affected if you file for bankruptcy […]

A common concern for spouses undergoing the divorce process is how debt distribution will pan out, as it can be frustrating to be left with debts that you are not responsible for. This is why couples initially try to agree on the terms of their divorce independently before everything is up for grabs in the […]

Couples who plan to divorce are often in financial situations that necessitate filing for bankruptcy. However, the order in which you file for bankruptcy and divorce is important and dependent on your situation. Read on to find out what you should proceed with first and how a seasoned Suffern New York bankruptcy attorney at the […]

There are few things more stressful than incurring debt that you cannot pay off. Unfortunately, this is something that happens to countless Americans every single year. Though the prospect of filing for bankruptcy may seem frightening, the truth is that bankruptcy is a fantastic tool for those who find themselves overwhelmed with debt. That said, […]

Key Takeaways Confirm the debt ceiling in force on your filing date; the $7.5 million limit expired in June 2024. The bankruptcy court confirms your plan, not the Subchapter 5 trustee. You can keep ownership over creditor objection by committing three to five years of disposable income. Your reorganization plan is due within 90 days […]

Both divorce and bankruptcy are very stressful propositions for individuals and couples. Unfortunately, for many couples, financial issues are what bring them to divorce, and they have to face both divorce and the prospect of bankruptcy at the same time. That said, if you’re looking to get divorced but your spouse is the one who […]

There are few things more stressful than racking up debt and finding yourself in a situation where you’re unable to pay it off. If this is happening to you, you’re most likely very concerned about your future. Fortunately, there are options on the table, bankruptcy being one of them. Many people are put off by […]

Key Takeaways Needing bankruptcy and qualifying for it are separate questions with separate answers. A prior case carries a waiting period, measured from filing date to filing date. Those periods bar the discharge, not the filing itself. Claiming New York’s exemptions takes 730 days of domicile, far longer than the 180 days needed to file […]

As a homeowner or someone who is otherwise in an extensive amount of debt, you’re most likely very worried about your ability to continue paying off that debt. The prospect of getting so deep in debt that you’re unable to keep your home, vehicles, and other possessions is a shocking and overwhelming one. Unfortunately, many […]

If you are debating if filing for bankruptcy is right for you, you are likely wondering about the benefit of this process. To learn more about the benefits of filing for bankruptcy and the reasons people take the plunge to file, continue reading. For assistance with any bankruptcy matters, do not hesitate to give our […]

It is not an easy decision to file for bankruptcy. During this process, one of the most important steps to take is to retain the services of a bankruptcy attorney who is the right fit for you. Filing for bankruptcy does not have to be daunting with the right attorney by your side. To ensure […]

To learn about the process of filing for Chapter 7 bankruptcy, continue reading and contact our Rockland County Chapter 7 bankruptcy attorney. Do I qualify for Chapter 7 bankruptcy? To determine if you qualify for Chapter 7 bankruptcy, you will first take the means test where you will compare your income with the median of […]

If you are facing serious debt, you may be considering filing for bankruptcy. Before you make this decision, it is best to weigh the pros and cons of this process. To learn the most prominent pros and cons of filing for bankruptcy, continue reading. For assistance with this process, do not hesitate to contact our […]

If you cannot make child support payments because you are in a significant debt amount of debt, you may be seeking relief. If you have found yourself in this situation, you may be wondering about filing Chapter 13 bankruptcy and the effects it may have on your child support payments. To learn more about filing […]

For many individuals, making the decision to file for bankruptcy may be difficult. There is a stigma associated with bankruptcy that is hard to ignore. However, there are also many myths floating around the process that may be holding individuals back when the process could benefit them. To learn the top five most common myths […]

A filing fee may be required when filing for bankruptcy. In some cases, individuals may not be able to afford the filing fee. To learn how to discover what makes you eligible for the Chapter 7 fee waiver and how to know if you will be granted the waiver based on your financials, continue reading. […]

You may be considering filing for bankruptcy if you are facing serious debt. During this time, you may want to weigh the pros and cons of this process. Continue reading to learn the most prominent pros and cons of filing for bankruptcy. If you have any further questions and need assistance with the legal process […]

Taking the plunge to file for bankruptcy is not an easy decision to make. One of the most important steps in this process is to retain the services of a knowledgeable and experienced bankruptcy attorney. With the right attorney by your side, filing for bankruptcy does not have to be a daunting process. To ensure […]

If you are wondering if Chapter 7 bankruptcy is right for you, continue reading to learn more about the process. How can I qualify for Chapter 7 bankruptcy? One of the first steps you will take to determine if you qualify for Chapter 7 bankruptcy is taking the means test. You will compare your income […]

If you have found yourself in a situation where you cannot make child support payments because you are in a significant amount of debt, you may be seeking relief. To learn about filing Chapter 13 bankruptcy and the effect it may have on paying child support payments, continue reading and reach out to our experienced […]

If you are looking into the process of filing for bankruptcy, it is likely that you are wondering about the benefits of this process. Continue reading to learn the most common reasons people take the plunge and file. If you have any additional questions, give our experienced bankruptcy attorney a call today to learn how […]

Filing for Bankruptcy comes with a lot of misconceptions. Individuals who are facing financial hardships have the option to file for bankruptcy to start new. Though it may seem daunting due to the way our society views bankruptcy, filing for bankruptcy allows individuals to get back on their feet. There are a few different types […]

The global pandemic has put a strain on many individual’s financial stability across the United States. The freeze on student loan payments was expected to expire at the end of September. However, it has now been announced by the Education Department that those benefits will now continue until January 31st. This extension is now final […]

It is common for individuals who are considering filing for bankruptcy to have reservations about the process. There is a stigma associated with bankruptcy that is hard to shake. However, bankruptcy can be a beneficial tool for many individuals who are suffering financially and need a fresh start. If you have reservations about filing for […]

Bankruptcy is used by many individuals across the county to achieve a second chance to get their finances back on track. It is common to be required to pay a filing fee when filing for bankruptcy. Unfortunately, some people might not be able to afford to pay the filing fee. What happens then? Continue reading […]

If you are facing serious debt, there is a good chance that you are considering filing for bankruptcy. When considering a big decision such as this, it is important to weigh the pros and cons. If you have any questions regarding the bankruptcy process and how it might be suitable for your financial situation, don’t […]

If you are going through a divorce, you may be curious about what will happen to your debts as a couple. This is a common concern for many spouses going through divorce, due to the fact that they do not want to be left with debts that the other party is responsible for. Continue readings […]

Bankruptcy has a stigma attached to it that might bring shame to individuals who are even considering filing. In reality, bankruptcy is designed to assist individuals who are struggling financially. It is a tool to be used to get individuals back on their feet. If you are considering filing for bankruptcy, you are probably filled […]

Nobody wants to imagine the day where they have to file for bankruptcy, however, oftentimes, bankruptcy is simply the best option available, though many people do not see this, as there are various misconceptions concerning bankruptcy in New York State. Continue reading and speak with our experienced Rockland County bankruptcy attorney to learn about these misconceptions, why […]

For many, bankruptcy is an excellent tool to help them overcome significant debt and get their lives back on track once again. That being said, after filing for bankruptcy, many peoples’ concern is what will happen with their credit score, and whether they will be able to secure a line of credit after filing. Please […]

When a parent owes child support payments and he or she is behind on those payments, there are a wide array of consequences that he or she may face. In many cases, being behind on child support payments also means that the person in question is behind on a wide array of additional payments, and […]

As you may know, the COVID-19 pandemic has brought about an onslaught of bankruptcy filings throughout New York State, though perhaps surprisingly, there were not quite as many bankruptcy filings as there were in 2019. That being said, Chapter 11 bankruptcies, typically used for struggling businesses, were up around 13% in the past year. Please […]

If you are someone who has debt piling up and there is no feasible way for you to pay off that debt, there is a very good chance that you are now considering your legal options going forward. While most people do not want to imagine the day where they have to file for bankruptcy, […]

There is nothing worse than being overwhelmed with debt, though for many Americans and New Yorkers, this is an unfortunate reality of life. Please continue reading and speak with our experienced Rockland County bankruptcy attorney to learn more about some of the benefits of filing for bankruptcy in NY and how our firm can assist […]

For many, bankruptcy is a frightening endeavor, as the word colloquially means something other than its true meaning. In truth, bankruptcy is a valuable tool that provides many homeowners across the country with a second chance, allowing them to get their finances back on track and back on their feet again. That being said, to […]

There are few things more stressful than being in debt. Unfortunately, many individuals throughout the United States are in serious debt as we speak, and if you cannot keep up with various bills, mortgage payments, and more, it is time to start seriously considering your legal options. Please continue reading and reach out to our […]

Business owners throughout the United States take great pride in their businesses, and will often do everything they can to make their business a success. Unfortunately, for many, there comes a time when their business does not perform as expected, and those business owners will often find themselves in debt as a result. Fortunately, even […]

There are few things more frightening than the prospect of losing one’s home. Unfortunately, when people accrue multiple debts and can no longer find the means to pay off those debts, they often start worrying about what the future holds. Can they keep their home? Their car? Will they have to go out on the […]

When someone can no longer pay off debts, they may consider filing for bankruptcy. That being said, there are different types of bankruptcy. Chapter 7 bankruptcy is when your assets are essentially converted into cash by creditors. Please continue reading and speak with our New York bankruptcy attorney to learn more about whether Chapter 7 bankruptcy […]

Key Takeaways A corporation, LLC, or partnership receives no discharge in Chapter 7; only individuals do. Debts the company cannot pay survive the case, and bankruptcy does not dissolve the company. Anything you personally guaranteed remains yours regardless of what the business files. Sole proprietors are the exception, filing business and personal debts together as […]

There are few things more nerve-wracking than compiling debt and being unable to pay your bills and uphold your standard of living. If you find yourself in this situation, there is a very good chance that your family’s future is at stake. Fortunately, there may be a solution: filing for bankruptcy. Though this may seem […]

One of the most important steps in the bankruptcy process is attending the 341 meeting. This meeting is also sometimes referred to as the meeting of creditors. Without an attorney by your side, this meeting can be rather frightening to attend, however, with the assistance of an experienced Rockland County bankruptcy attorney, it will be […]

Filing for bankruptcy is a frightening time in many individual’s lives, especially if they recently received a foreclosure notice or any other threatening letter from collectors. However, with the right attorney by your side, filing for bankruptcy does not have to be a nightmare. Here at our Rockland County bankruptcy firm, we want to ensure […]

If you are someone who has recently filed for bankruptcy, or you are ready to begin the bankruptcy process, you are most likely wondering how long it will take, from start to finish. Unfortunately, though we understand that you simply wish to get back to life as you once knew it as soon as possible, […]

Recently, President Trump announced that individuals in New York who are currently receiving unemployment benefits in the wake of the COVID-19 pandemic are entitled to an additional three weeks of unemployment payments of $300. The initial extension of unemployment benefits came as welcome news to all those receiving the $600 per week unemployment payments, which […]

If you and your spouse are looking into filing for bankruptcy, though you are also looking to get divorced, this poses an obvious question: which should come first. Please continue reading and speak with our knowledgeable Rockland County bankruptcy attorney to learn more about bankruptcy and what the best option is for you. Here are […]

For many individuals in New York State and throughout the country, bankruptcy is the most viable option when push comes to shove. Of course, before filing for bankruptcy, you should examine all of your options to see if there is a potentially less drastic route you can take. However, for many, this is simply not […]

Recently, the Trump Administration announced that all federally-held student loans will be suspended until the end of this year. This comes as yet another way in which the Trump Administration is attempting to assist all those who have been harmed by the impacts of the new coronavirus. Additionally, interest on any federal loan regarding student […]

If you are someone who recently lost a family member, there is a very good chance you are going through a great deal of emotional stress. Here at The Law Offices of Allen A. Kolber, Esq., we understand this, which is why we are dedicated to helping individuals through some of the most complex times […]

Recently, Governor Cuomo signed legislation that provides renters across New York with $100 million total in financial relief. In the legislation, which extends through July 31, individuals seeking financial assistance will have to prove several things. First, they must prove that they lost income due to the COVID-19 pandemic. From here, they will have to […]

If you own a business, that business is most likely your pride and joy. There are few greater feelings than having a business that you built, from the ground up, thrive. Unfortunately, things do not always go as planned, and at times, no matter how solid your business is, you may not be generating the […]

One question that many people have as they are going through a divorce is what will happen to their debts as a couple. Of course, this is a major source of concern that some have because no one wants to pay debts that the other party is responsible for. Please continue reading and reach out to […]

Bankruptcy is, in many aspects, a very complicated process. However, with a bit of self-education and the help of an experienced Rockland County bankruptcy attorney on your side, it does not have to be. Below, we have compiled some of the most frequently asked questions relating to bankruptcy in New York State to give you […]

One of the components of filing for bankruptcy is paying the associated filing fee. That being said, there are various scenarios wherein people cannot afford to pay this fee. If you are one of those people, and you are also incapable of paying the fee in installments, you may apply for a waiver of that […]

COVID-19 has impacted nearly every aspect of our lives, which is why we feel it prudent to write a blog regarding the impact of COVID-19 on your bankruptcy case. Below, we have compiled a list of the many ways in which your case may be impacted by the virus. Please continue reading and speak with […]

The new coronavirus has drastically impacted Americans and the world. Unfortunately, those of us living in New York have been hit the hardest. People have been forced to close their businesses, lay off employees, and more. Fortunately, under the new CARES act, many Americans will be receiving relief in the form of stimulus payments. Please […]

The federal stimulus package, which is also called the CARES Act, directs the IRS to send you a stimulus check. Can creditors seize your stimulus checks? Beware that your federal stimulus checks may be seized by the following parties: The IRS for back taxes – If you owe back taxes or an SBA loan, then […]

There are few things more frightening than the prospect of losing your house. If you are in jeopardy of losing your home due to an inability to pay off various debts, read on and reach out to our experienced Rockland County bankruptcy attorney to learn more about the automatic stay and how it can help […]

Because of the coronavirus infiltration, a memo was recently released to court personnel on March 15. In the memo, Chief Administrative Judge Lawrence Marks stated, “Effective 5 p.m. on Monday, March 16, we will be postponing all non-essential functions of the courts until further notice.” Please read on and reach out to our experienced Rockland […]

Though everyone in the United States generally has until April 15 to file their taxes, Treasury Secretary Steve Mnuchin has just announced a 90-day extension. This comes in light of the administration, as well as health officials like the CDC telling individuals to remain inside as much as possible. The 90-day extension comes with no […]

If you are looking to file for bankruptcy, you may have heard of the 341 meeting, or the meeting of creditors. The main purpose of the meeting is so that you, your trustee, your attorney, and your creditors can assess your finances and find a way forward. Unfortunately, in some cases, a creditor may deny […]

If you are someone who is behind on his or her child support payments, you most likely understand how overwhelming this financial burden can be. Fortunately, there may be a way for you to catch up on those payments while keeping your home, car, and other assets that are of great value to you. Please […]

Bankruptcy is a huge life decision, and people oftentimes have reservations about going forward with filing. This is completely understandable, as the stigma associated with bankruptcy, as well as a wealth of misinformation constantly transmitted to the public often work as deterrents. However, the truth is, bankruptcy can actually be an extremely useful tool for […]

Key Takeaways A bankruptcy comes off your report on a fixed timetable, so nothing you do speeds it up. Rebuilding means adding new payment history, not erasing old marks, and you can start right away. Check that every discharged account shows a zero balance; the bureau has 30 days to investigate a dispute. No credit […]

Student debt is among the most talked-about economic issues of our day. Unfortunately, more and more students find themselves facing astronomical debt by the time they are out of college, only to either not use their degree, or get a job earning a fraction of what their degree is monetarily worth. As time goes by, […]

When dealing with cases of bankruptcy, it is important to know that the law does not treat all debts the same. This is because debtors have different kinds of creditors that they owe money to for a variety of different reasons. It is because of this that debts fall into three categories: secured, general unsecured, […]

Oftentimes, the most important thing to an individual filing for bankruptcy is whether he or she is capable of keeping his or her home. Please read on and speak with an experienced Rockland County bankruptcy attorney to learn more about how to protect yourself from the Homeowners’ Association. What does a Homeowners’ Association do? Your […]

If you are gearing up to file for bankruptcy because you are facing overwhelming debts and can no longer pay your bills, there is a very good chance you are now seeking more information regarding the bankruptcy process. Unfortunately, bankruptcy can be quite complicated, and almost always seems overwhelming at first. However, below, our firm […]

One of the most concerning times in anyone’s life is when they are considering filing for bankruptcy. While the bankruptcy process is complex, daunting and document-heavy, there are several things you can do to make the experience go as smoothly as possible. While of course, the most important thing you do is hire a knowledgeable […]

The word “bankruptcy” carries a lot of weight. If you are getting ready to file for bankruptcy, there is a good chance you are worried about what the future holds. Fortunately, bankruptcy has significantly improved the lives of many people across the country, virtually granting them a fresh start. However, the whole process can seem […]

If you are struggling financially, you know how stressful life can be. Fortunately, for many people, filing for bankruptcy is a way out. The word “bankruptcy” can sound intimidating, however, with the help of an experienced bankruptcy attorney, it does not have to be. If you think bankruptcy will provide you with the peace of […]

Filing for bankruptcy can be an intimidating process. All you want is to keep your assets, like your home or business, but you must first go through this complex and involved process before you can move on with your life. What’s more, the legal jargon associated with bankruptcy can make it feel even more daunting […]

If you are filing for bankruptcy, you must complete several steps before you are officially granted a fresh start. One of those steps is called the meeting of creditors, or a 341 hearing. Essentially, the meeting of creditors is when you, your attorney, your trustee, and creditors analyze and discuss your current financial situation. While […]

If your bank account has been frozen, your personal wages are being garnished, or you are no longer capable of paying off your credit card or medical bills, you are most likely more than ready for financial relief. Thankfully, for many, filing for bankruptcy is just that. However, though bankruptcy can be the “light at […]

If you are considering filing for bankruptcy, you are most likely frightened and worried about what the future holds. Fortunately, bankruptcy is a breath of fresh air for many. Knowing that you can keep your house and essentially start over is all some people need to sleep at night. However, you must do certain things […]

Annual American bankruptcy filings are up by over 4,000 since 2016. A growing number of Americans living in our country’s big cities, such as New York, are in debt and are therefore using bankruptcy to mitigate the effect of their overwhelming debt loads. Fortunately, the problem is not so widespread that it could be considered […]

“Bankruptcy” is a word that frightens many people. It has a stigma attached to it, which leads people to feel ashamed of filing. Unfortunately, this is an unfair stigma, as people have been filing for bankruptcy for a very long time, and in reality, bankruptcy is designed to help individuals get back on their feet […]

Nobody wants to think about what would happen if they had to foreclose on their home. However, if you are in serious debt, there is a good chance this will happen unless you file for bankruptcy. There is an unfair stigma attached to filing for bankruptcy, and the word itself can give some people chills. […]

Filing for bankruptcy is a huge decision. You need to know when it is time to file, because filing at the right time may be exactly what you need to breathe easy again. If you are considering filing for Chapter 7 bankruptcy, here are some of the questions you may have: What is Chapter 7 […]

Bankruptcy can be a particularly beneficial process for individuals that are suffering through tough financial times and are unsure of how to fix their financial situation. To learn more about bankruptcy, you should consult a bankruptcy attorney. They can help decide which process is best for you. During this process, they may also be able […]

Bankruptcy can be a useful process for individuals that are suffering through tough financial times. These individuals may be unsure of how their future will work out if their finances are not in order. This can create some stressful times. It may even be more stressful for individuals that have a family to provide for. […]

By claiming bankruptcy, individuals may be able to rearrange their finances to create a more successful future for themselves. Although filing for bankruptcy can be a scary process, it can prove to be quite beneficial. With the requirements for eligibility, individuals can become more educated about their finances and how to handle transactions in the […]

Middle-class families often find themselves struggling financially and are unsure of where to turn. When this happens, it may be a good idea to consider filing for bankruptcy. There is an unfortunate stigma about filing for bankruptcy and people should really consider it as a tool that can be used to get a fresh start. […]

One of the things that individuals most look forward to in a bankruptcy is the concept of the automatic stay. The automatic stay requires that all collection methods stop as soon as an individual who is in debt files for bankruptcy. When the automatic stay goes into effect, the creditors are no longer permitted to […]

When a business is struggling to make ends meet, the business owner will likely be concerned about what the future holds. If a business is faced with mounting debts, the business owner should take bankruptcy into consideration to determine whether it is possible to stay open while reorganizing finances. A chapter 11 business bankruptcy is […]

When an individual files for bankruptcy in New York State, it is important that they take a few precautions in their everyday life as to not have any negative impacts on the outcome of the bankruptcy case. One of the things that an individual needs to be cautious about during bankruptcy is their social media […]

Filing for bankruptcy can be the turning point in one’s financial life. When an individual or a business is struggling financially, they may want to consider filing for bankruptcy in an effort to overcome the significant amount of debt that has accrued over time and allow them to get a fresh start. Bankruptcy is one […]

Takata, the company behind the largest automotive recall in history filed for bankruptcy last year and has just announced that their bankruptcy plan was approved by a judge. Now, the company will have to sell $1.6 billion in assets in an effort to stay afloat as well as pay compensation to those who have been […]