NYC Bankruptcy Blog

July 19, 2013

Whitney Houston’s Cousin – Legendary Singer Dionne Warwick – Files for a Bankruptcy Fresh Start

When Famous People File for Bankruptcy & What it Means for All Financially Struggling Americans On March 20, 2013, legendary singer Dionne Warwick and cousin of Whitney Houston (singer of the hit song “Do You Know The Way To San Jose”) filed for Chapter 7 bankruptcy. When famous people like Ms. Warwick file for bankruptcy help, […]
June 14, 2013

Do I Have to Go to a Class to File for Bankruptcy in New York?

Clients often tell me that they heard from a friend that you have to go to a class before you file for bankruptcy. When people hear that they have to go to a “class” – they think that they are going to have to go to a school and listen to a teacher teach a course.  […]
May 29, 2013

Can I File Bankruptcy If I Can’t Remember Who I Owe Money To?

Believe it or not, it is not that easy to know exactly who you owe.  If you are late paying credit card debts, the banks sell and re-sell your debt many times.  You start to get letters from people you never heard of – people demanding money from you without even saying who originally “owned” the debt. […]
May 20, 2013

Sub-Prime Auto Loan Scams Drive People Into Filing Bankruptcy in New York City

Every week I file bankruptcy for someone who has little or no credit card debt.  These individuals are not being cornered by high interest credit card debt; they are being crushed by a debt of $10,000, $20,000 or more on a car loan – for a car they no longer even have.  This is a terrible […]
May 8, 2013

Will my spouse be affected if I file bankruptcy?

People are often worried that if they file for bankruptcy it will affect their spouse.  Whether this will happen depends on one key question:           Does your spouse also owe the debt?  Or, did your spouse co-sign for your debt? If the answer is no, there is no problem.  Your spouse does not have to pay […]
April 30, 2013

What is It Like to Go To Bankruptcy Court in New York?

Many of my bankruptcy clients have never been in any court before filing for bankruptcy.  Understandably, they are nervous about going to court.  Their idea of court is the classic view of a Judge with gray hair, in a black robe, sitting high behind a tall desk, with an American flag, with court officers on either […]
April 17, 2013

Why Are Bankruptcy Filings Down? The Economy is So Bad People Can’t Even Afford to File Bankruptcy

Bankruptcy filings are down 30% over the last three years according to Bankruptcy Court statistics.  Why?  Because the economy is getting better?  Not by a long shot.  Things are simply so bad that financially struggling individuals don’t have the money to file bankruptcy. If you can barely afford to pay for food and rent, how can […]
April 16, 2013

Is it too late to file bankruptcy in New York if I already have a judgment against me?

People often ask me if it is too late to file bankruptcy if there is already a judgment against him or her. The answer is NO. Bankruptcy Court is a federal court.  The Bankruptcy Court and the Bankruptcy Law overrides the state court, including Civil Courts in New York City, Brooklyn, Bronx and Queens, and can […]
April 12, 2013

Can I file bankruptcy if I have filed before?

The answer is yes depending on how many years have passed since the last bankruptcy. You can file Chapter 7 bankruptcy again if it has been eight (8) years since the last filing. Over the past 28 years, I have filed tens of thousands of bankruptcies for New York and New Jersey residents. Times are especially […]
March 8, 2013

Can I file bankruptcy on my student loans?

There is more student loan debt out there today than auto loan debt or credit card debt.  According to a recent report from the Federal Reserve Bank of New York, student loan debt has increased to a striking figure of $956 billion.  Unfortunately, the vast majority of people cannot file bankruptcy on student loans.  This applies […]