Many people in New York have taken advantage of the bankruptcy laws in the state to receive a wipe out of their debts and protection from their creditors harassing them for collection. In the four New York bankruptcy courts 35,975 people filed chapter 7 bankruptcy in the 12 months ending September, 2012 while another 6,595 people filed for NY.
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An experienced bankruptcy attorney, such as the bankruptcy attorneys at Starr & Starr, PLLC, can analyze a consumer debtor’s debts to determine if there is a risk of certain debts being automatically nondischargeable, or of potentially being found nondischargeable by the Bankruptcy Court.
The Law Offices of Glenn S. Kessler are located in Brooklyn, New York and serve clients throughout the five boroughs, including Brooklyn, Queens, Manhattan, Staten Island and the Bronx, as well as in Nassau and Suffolk County, Long Island.. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Brooklyn, NY Chapter 7 attorney Have debts such as credit card balances, bank loans, court judgments or medical bills caused financial difficulties for you, your family or your business? You are not alone. In these troubled economic times, many people throughout the country have experienced financial hardship, and have considered filing personal bankruptcy.
Priority Debts in Bankruptcy. Priority debts are debts that the Bankruptcy Code has given priority over all other debts. Priority is granted to a certain debt either because the money is owed to the government or because public policy requires it, meaning that Congress has determined that giving the debt priority status suits the public good.
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True or False: A debtor must be able to document the debtor’s identity with a photo ID if requested by the bankruptcy court, the United State trustee, or the case trustee. False True or False: In cases under Chapters 7, 11, and 13, an individual debtor must, upon the request of the bankruptcy court or the united states trustee, file copies of all federal tax returns due while the case is pending.
If a tax is nonpriority, then it does not need to be paid in full, but in New York bankruptcy debtors must dedicate some portion of their repayment plans to nonpriority, unsecured creditors. The rules for whether a tax debt is nonpriority are the same that make them dischargeable at all in chapter 7: