Bankruptcy Blog
Posted on May 9, 2012 By LoScalzo & Associates
While filing a Chapter 7 Bankruptcy for a married couple is often done (which is called a "Joint Filing"), sometimes it is not feasible for various reasons, whether because one spouse has ...
Continue reading "Bankruptcy For a Married Couple - Can Only One Spouse File?" »
Posted on Apr 25, 2012 By LoScalzo & Associates
Bankruptcy as a debt resolution, for many people, is the best solution out there. Even though the economy has taken a downturn, and consumer debt is enormous, some people still have a negative ...
Continue reading "Chapter 7 Bankruptcy - Common Misconceptions" »
Posted on Apr 11, 2012 By LoScalzo & Associates
Repairing credit is a common concern for potential bankruptcy candidates. Many also wonder how long they need to wait before they can apply for credit again. Luckily, the answer is simple; you can ...
Continue reading "Credit Repair After Bankruptcy" »
Posted on Apr 3, 2012 By LoScalzo & Associates
Using Bankruptcy to Stop Wage Garnishment in New York Wage garnishment is an issue that many of our clients and prospective clients in are and wonder if a personal bankruptcy filing could help. A ...
Continue reading "Wage Garnishment - Using Bankruptcy to Stop a Judgment" »
Posted on Mar 19, 2012 By LoScalzo & Associates
Filing a chapter 7 bankruptcy is generally a smooth process. It begins with a free consultation with one of our bankruptcy attorneys. The attorney will ask many questions related to real estate, ...
Continue reading "Chapter 7 Bankruptcy Discharge - The Process of Filing" »
Posted on Feb 28, 2012 By LoScalzo & Associates
341 Meeting AKA The Meeting of Creditors sounds dark and ominous. but here's the truth....it's not that bad at all! Here's a few reasons why - The Creditors Rarely Show Up - Its usually ...
Continue reading "341 Meeting for Chapter 7 Bankruptcy - The Facts!" »
Posted on Feb 23, 2012 By LoScalzo & Associates
Bankruptcy As a Debt Resolution in Today’s Economy Today's economy is terrible. Everyone knows this. We have mouths to feed. We have families to support. We need a roof over our head. ...
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Posted on Aug 18, 2011 By LoScalzo & Associates
Our attorneys provide a free consultation. And we really take that word to heart. To us, you are NOT a number. You are a person who needs assistance. Once you are greeted by our friendly staff, you ...
Continue reading "What to expect during your free consultation" »
Posted on May 26, 2011 By LoScalzo & Associates
Once a judgment is granted, the judgment creditor is permitted to garnish funds from the debtors bank account in order to collect. Social Security, SSI, veteran benefits, and several other federal ...
Continue reading "New treasury ruling protects federal benefits from judgement creditors" »
Posted on May 17, 2011 By LoScalzo & Associates
The Chapter 7 means test is a tool used to determine whether or not you would qualify for a Chapter 7 bankruptcy. The means test reviews your debt, your income, and your assets. The purpose of the ...
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Posted on May 9, 2011 By LoScalzo & Associates
Many people mistakenly believe that if they do not own property at the time of filing, the trustee will not be able to take it from them. The reality is that the trustee not only can, but is legally ...
Continue reading "What not to do prior to filing for bankruptcy" »
Posted on May 2, 2011 By LoScalzo & Associates
A bankruptcy myth dispelled. The bankruptcy laws require that you list all your property and all your debts. To not do so is a violation of the law. One of the primary reasons that people want to ...
Continue reading "Can I pick the debts and property to include in my bankruptcy?" »
Posted on Apr 27, 2011 By LoScalzo & Associates
Chapter 13 BANKRUPTCY – Stripping a Second Mortgage If you own a home with a second mortgage, a Chapter 13 bankruptcy filing may enable you to "strip" that mortgage. Because of the declining real ...
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Posted on Apr 21, 2011 By LoScalzo & Associates
After bankruptcy many people look to using a secured credit card as a step to rebuilding their credit. It's important to know that not all secured cards provide the benefits that are really needed to ...
Continue reading "Rebuilding credit with secured credit cards" »
Posted on Apr 19, 2011 By LoScalzo & Associates
As part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, regulations require that people planning to file must receive credit counseling from a government approved organization ...
Continue reading "Pre-Bankruptcy Counseling" »
Posted on Apr 15, 2011 By LoScalzo & Associates
A Trustee in Bankruptcy is the person appointed by the United States Department of Justice or by the creditors involved in a bankruptcy case. For a Chapter 7 Bankruptcy it is the role of the trustee ...
Continue reading "Role of the Bankruptcy Trustee" »
Posted on Apr 12, 2011 By LoScalzo & Associates
Once an order of garnishment is received, it is the responsibility of the payroll department to carry out the process. In the event that the employee's wages are not enough to cover the court ordered ...
Continue reading "Wage Garnishment" »