Required Chapter 13 Bankruptcy Forms

When filing Chapter 13 bankruptcy, a debtor in New York must use official court forms. On the first page of the Chapter 13 bankruptcy petition, a debtor completes his name, address, and social security number. If the spouse does not file, the spouse files a form indicating the spouse does not file. If the spouse […]

To File or Not File Bankruptcy?

Many people fear bankruptcy. Bankruptcy is public; it requires someone to admit the truth of about his finances. When filing bankruptcy, a debtor uses the official court forms to disclose his assets and liabilities. On the first page of a Chapter 13 bankruptcy petition, for example, a debtor completes name, address, social security number. If […]

LLCs and Bankruptcy

For the business owner who has a lot of debt but can’t pay, creditors may threaten legal action against the owner personally. How much creditors collect depends on how an entrepreneur organizes the business. If a business is organized as a limited liability company (LLC), an owner’s personal assets are generally protected from creditors. However, […]

New York Chapter 13 Confirmation Hearing

In Chapter 13 bankruptcy, after the debtor attends a 341 creditors’ meeting, and the bankruptcy plan is filed, the next hearing is the confirmation hearing where the court approves the repayment plan if there are no creditor oppositions. In most instances, the debtor is required to attend the confirmation hearing. The bankruptcy plan is reviewed […]

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a solution for people who do not qualify for Chapter 7, and is named from the chapter of the Bankruptcy Code found at Chapter 13 of Title 11 of the United States Code. People may not qualify for Chapter 7 if their income is higher than allowed in a Chapter 7, […]