One of the problems some New York residents have with Chapter 13 bankruptcies is that they take three to five years to complete. The problem stems from the fact that many things in life can change in this time, and debtors may feel locked into the payment plans they...

When you file for Chapter 13 bankruptcy, you must create a repayment plan that lists all of your debts, but the court does not treat every debt the same. According to the United States Courts, debts you must repay in full become priority debts.  Your priority debts...

Going through bankruptcy may end up being the best decision that you ever make for your financial and mental health. However, there are some concerns that come up during the process.  One of the more common concerns relates to the process of selling off property in...

If you want to file for bankruptcy, you will have two options. You can file Chapter 7 or Chapter 13. A Chapter 7 bankruptcy wipes out your debt. The court liquidates your non-exempt assets and uses those funds to repay your debts. The court then discharges any debts...

If you want to file bankruptcy in New York, it is vital that you make sure you submit the right type of bankruptcy. For consumers, this generally means filing Chapter 7 or 13. Chapter 7 has income limits that you may not meet. In addition, if you have assets you want...

If you face severe financial problems in New York and have begun thinking about filing bankruptcy, you likely have numerous questions. For instance, which type of bankruptcy, Chapter 7 or Chapter 13, is best for you? And how are they different one from the other?...