Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Overview for Brooklyn Residents

Sunday, July 16th, 2017

Filing for Chapter 7 bankruptcy can be one of the best ways to get out of unmanageable debt, but it isn't an option for everyone. As a way to discharge your debt, Chapter 7 allows you to get out from under the weight of extremely high payments - but only if you properly qualify. There...  read more

Top 3 Bankruptcy Myths

Monday, December 22nd, 2014

Misinformation, myths and assumptions seem to abound when it comes to bankruptcy and the laws surrounding the bankruptcy process. Whether people are under the impression that those who file for bankruptcy are financially inept, or it’s those looking to file who believe it will ruin their credit forever, it’s hard to separate the myths from...  read more

Bankruptcy Exemptions for New York State Debtors

Tuesday, October 28th, 2014

There are exemptions some people may qualify for when filing for Chapter 7 bankruptcy in New York, which can help a great deal in managing your remaining finances and overall stress level. First, let’s explain what we mean by “exemption.” When you declare bankruptcy, most people think all of their possessions are “up for grabs”...  read more

Chapter 7 Bankruptcy New Laws

Monday, July 15th, 2013

New Chapter 7 Bankruptcy Laws Michael F. Kanzer & Associates Michael F. Kanzer & Associates specializes in the area of bankruptcy law. Our practice wants to enlighten you of some of the exciting changes in the laws that benefit those considering filing Chapter 7 Bankruptcy. In 2011, The New York Legislature increased the homestead exemption...  read more