Bankruptcy

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 filing for bankruptcy, you may be wondering what your initial consultation will look like and how to prepare. This process can be daunting and overwhelming for many. However, it is best to take this process one step at a time. Continue reading to learn the documents you will need to […]

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 […]

It is common for individuals who are considering filing for bankruptcy to worry about the effect it might have on their credit score. Continue reading to learn how bankruptcy might affect your credit. If you have any further questions, do not hesitate to reach out to our experienced bankruptcy attorney. We would be happy to […]

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 […]

If you are considering filing Chapter 11 bankruptcy for your business, continue reading and reach out to our experienced bankruptcy attorney today to learn more about the process ahead. Give our firm a call to learn more about our services and how we can assist you in filing for bankruptcy to get back on your […]

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 […]

If you are looking into beginning the bankruptcy process, you may not know where to turn first. With the assistance of a bankruptcy attorney, you will find peace of mind knowing your journey will be assisted with proper legal advice in your corner. Reach out to our experienced attorney today to take the first step […]

It is required to fill out the appropriate bankruptcy forms when filing for Chapter 7 or Chapter 13 bankruptcy. The packet of forms you will submit is referred to as the bankruptcy petition which will consist of a voluntary petition, forms called “schedules”, and any additional forms required by your local bankruptcy court. To learn […]

There are options for individuals to consider when they are falling behind on mortgage payments. One of the options you might consider would be working to get a loan modification. Continue reading to discover the difference between loan modifications and mortgage refinancing, plus, everything you can expect in the loan modification process. If you have […]

Deciding to file for bankruptcy is a huge step that might bring on some nerves. To be best prepared to begin this process, it is important to know the documents that you will need for your initial consultation with your bankruptcy attorney. If you have yet to schedule your initial consultation, reach out to our […]

Now that you have finally made the decision to go through with filing for bankruptcy, you may be wondering how to begin. Continue reading to discover how to begin the bankruptcy process in New York and the steps to take along the way. The first step you will need to take is to discover the […]

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 can affect your overall credit in a negative way. However, there are plenty of ways to rebuild your credit with some discipline and education. Continue reading to discover the best steps to take when rebuilding your credit after filing for bankruptcy. You can begin this process right away. Reach out to our experienced bankruptcy […]

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 […]

You likely qualify for the Loss Mitigation Program of the Bankruptcy Court if you recently filed for bankruptcy to stop the foreclosure of your home. You may qualify for a government loan modification program or for the bank’s internal loan modification program if you require a loan modification. Continue reading to discover what documents you […]

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 […]

Many students struggle with paying off their loans after they have received their diplomas. If you are struggling to pay off your loans due to owing a significant amount of money, continue reading to learn more about the potential to discharge student loan debt. Reach out to an experienced bankruptcy attorney to learn about your […]

Having crippling credit card debt is one of the main reasons for individuals to file for bankruptcy. Many people view filing for bankruptcy to clear their credit card debt as a fresh start. However, the process is not as simple as one might think. Continue reading to discover the bankruptcy process to properly take for […]

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 […]

For many people, filing for bankruptcy is an incredibly stressful process. As such, those who file often have various questions regarding the future of their home and other assets. One of the most common questions our firm receives is, “will filing for bankruptcy take away my Social Security?” This is a very good question, as […]

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 […]

In February of 2019, Congress enacted the Small Business Reorganization Act. This Act added Subchapter 5 to Chapter 11 of the United States Bankruptcy Code, which essentially provided small businesses with a new form of bankruptcy that allows business owners to reorganize their debt in a streamlined, cost-effective way. If your business is currently in […]

If you are someone who is currently overwhelmed with debt that you simply cannot figure out how to pay off, you may not know where to turn or what the next step should be. While in many cases, there are alternatives to bankruptcy, for most people, bankruptcy is actually a fantastic option that is nowhere […]

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, […]

Bankruptcy is a great way for individuals across the country to get their financial situation back on track. However, one of the most common questions our firm is asked is, “how will filing for bankruptcy affect my credit score?” Please continue reading and speak with our experienced New York bankruptcy attorney to learn more. Here […]

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 […]

Nobody wants to imagine the day where they have to file for bankruptcy, however, if bills are piling up, you may find yourself in an overwhelming situation, and you may be considering your legal options going forward. Please continue reading and speak with our New York bankruptcy attorney to learn more about whether your situation […]

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 […]

For many homeowners, there is nothing more frightening than filing for bankruptcy. The word carries a heavy weight, and many people fear filing for bankruptcy will lose their home, their possessions, and otherwise. Fortunately, this is largely untrue, and bankruptcy is actually a fantastic tool that all homeowners should use to their advantage if their […]

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 where 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 […]

Nobody imagines that at some point in their lives, bankruptcy may be a viable option to get them out of hot water. However, if you are someone who currently has debts that you simply cannot pay off on your own, you should strongly consider reading on and speaking with our experienced New York bankruptcy attorney […]

Due to the recent COVID-19 pandemic, many businesses throughout the United States have gone under. This is an unfortunate reality that many business owners throughout the country, and especially in New York, have had to come to terms with. That being said, if you are a business owner, your business is more than your pride […]

If you are a business owner and you find yourself unable to pay off serious debt, there is a very good chance you are wondering about what your options are. Fortunately, there are several options on the table. One of those options is filing Chapter 7 business bankruptcy. Please continue reading and speak with our knowledgeable Rockland […]

If you are someone who has bills piling up and debt accumulating with no way to pay it off, you are most likely considering filing for bankruptcy. That being said, there are many types of bankruptcy, which is why you should strongly consider hiring an experienced Rockland County bankruptcy attorney who can analyze your situation […]

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 […]

If you are someone who recently filed for bankruptcy, there is a very good chance that you are now breathing a sigh of relief. However, one of the few downsides of filing for bankruptcy is that it does negatively impact your credit. That being said, there is no need to panic–in fact, there are several […]

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 […]

Chapter 13 bankruptcy is a great way for many individuals to restructure their financial situation and move on with their lives. However, though bankruptcy can be a fantastic option, people frequently have reservations about filing, primarily because of a fear that they will “lose everything.” Fortunately, we are very happy to tell our clients that […]

Filing for bankruptcy is a big step in anyone’s life. For many, it’s a frightening word. Fortunately, in reality, bankruptcy is not nearly as big of a jump as many of our clients first believe. That being said, oftentimes, clients actually are relieved to learn that they do not have to file for bankruptcy at […]

If debts are piling up and you’ve exhausted all other options, you may be considering filing for bankruptcy. Fortunately, Chapter 7 bankruptcy, also known as the liquidation bankruptcy, is far less scary than many clients initially think. To further ease your worries, our experienced Rockland County bankruptcy attorney has compiled a short list of various […]

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 […]

For some, bankruptcy is among the most fearsome terms in the English language, primarily because people associate it with having little to no money, as well as a destroyed credit score. While bankruptcy will hurt your credit score, this is nothing to fear–you can still rebound. Bankruptcy in itself is not a bad thing. Millions […]

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, […]

Many people feel embarrassed to file for bankruptcy. This is unfortunate because our firm understands that people from all walks of life may need to file for various reasons. However, this sense of shame may be further compounded if you now need to file a second or subsequent time. Do not let this feeling prevail. […]

Getting hit with an income tax lien is very frightening. If you find yourself in a situation where you are having problems with your income taxes, please read on and speak with our experienced New York bankruptcy attorney to learn more about how our firm can help you through the legal process going forward: What […]

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 […]

If you find yourself in a situation where you owe money in income tax that you cannot pay off, you should strongly consider filing for bankruptcy. Though the term “bankruptcy” has an overwhelming, frightening connotation, the fact is, it may be just what you need to get back on your feet financially again. What’s more, […]

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 […]

The phrase, “bankruptcy” can sound intimidating. Fortunately, with a knowledgeable bankruptcy attorney on your side, you have nothing to worry about. In fact, filing for bankruptcy can be exactly what you need to get back on your feet again. Most questions and concerns about bankruptcy have to do with the assets you are about to […]

If you are a business owner and are facing financial turmoil, do not fear–you may not have to close up shop. While the term “bankruptcy” makes many individuals nervous, it can actually provide you with a way out while still operating the business of which you care so deeply about. If this sounds like something […]

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 […]

Students across America pay sky-high fees to attend college and receive higher education. Although our country has some of the most intellectual, innovative universities in the world, students very often find that they are unable to pay off their loans after graduation. If you are someone who owes a significant amount in student loans and […]

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 […]

While filing for bankruptcy provides individuals and families all over the country the relief they need to get back on their feet, it does not come without a cost. Primarily, a bankruptcy will affect your overall credit. However, there are several things you can to do rebuild your credit. All you need is some discipline […]

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 […]