Chapter 13 Bankruptcy in New York

At a Chapter 13 341 hearing in New York, the trustee asks questions about a debtor’s petition to make sure everything is complete and nothing has changed since filing that the court. The debtor uses official forms to file the bankruptcy petition. The trustee may ask questions about Schedule I. Schedule I is details a […]

Student Loans in New York Bankruptcy

The New York Times reported in “Student Debt and a Push for Fairness” on June 4, 2010 that when people borrow money to get an education and can’t pay back the loan, a bankruptcy judge will unlikely discharge the debt.  This is a problem for many graduates suffering unemployment or underemployment.  For instance, these days, […]

Legal Troubles Can Lead to Bankruptcy in New York

Associated Press reported in “Roommate charged with hate crime in NJ webcam case” on April 20, 2011 that a former Rutgers University freshman, now age 19, was indicted on 15 counts including bias intimidation and invasion of privacy when he allegedly used a webcam to record a roommate’s same-sex encounter.  The roommate, who was gay, […]

Glossary of Bankruptcy Terms

In February 2011, Fox Sports reported in “Duerson recently filed for bankruptcy” that Dave Duerson, age 50, shot himself. The former Chicago Bears safety, who won a second Super Bowl with the 1990-91 New York Giants, filed for bankruptcy in September 2010. Duerson was found dead at his home in Miami. He claimed $14.7 million […]