Chapter 7 Bankruptcy

Top 3 Wrong Bankruptcy “Facts” People Shouldn’t Believe

Thursday, November 29th, 2018

Filing for bankruptcy is a complex legal process that will affect everyone a little differently. Because of this, there are a number of myths and misinformation out there that you may have heard and believed. Before you start the bankruptcy process, you’re going to want to talk to a legal expert to get an idea...  read more

I’m a Little Behind on Bills – Should I File Bankruptcy?

Friday, October 19th, 2018

You’ve missed a few payments on your credit cards. You’re a month behind on one of your utility bills. You’ve told your landlord you absolutely will be able to pay your rent…it will just be two weeks late. If you’re in this financial situation and there doesn’t seem to be any solution in sight, is...  read more

What Will I Lose if I File Bankruptcy?

Wednesday, August 15th, 2018

Many people put off filing for bankruptcy because they believe they will lose everything they have. They’re concerned that their creditors will be able to seize their home, their vehicles, and even their possessions. However, that’s not always the case. There are different types of bankruptcy, and each bankruptcy situation is different. This means it...  read more

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

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