Kanzer Law COVID-19 Virus Updates

Tuesday, March 24th, 2020

Please be advised that New York has temporarily suspended debt collection  only for money owed to the State . New Yorkers who owe money to the state, effective immediately, will no longer have to pay their student debt, medical debt, and other forms of state-referred debt, for at least 30 days because of the COVD-19...  read more

Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume Since 2005

Tuesday, March 17th, 2020

NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $193 billion (1.4%) to $14.15 trillion in the fourth quarter of 2019. This marks the 22nd consecutive quarter with an increase, and the...  read more

Coronavirus Will Bankrupt More People than it Kills

Tuesday, March 17th, 2020

Coronavirus’s economic danger is exponentially greater than its health risks to the public. If the virus does directly affect your life, it is most likely to be through stopping you going to work, forcing your employer to make you redundant, or bankrupting your business.   The trillions of dollars wiped from financial markets this week...  read more

Can I Decline Serving as an Executor?

Sunday, March 15th, 2020

Generally, when a person is writing a will, they talk to the person they plan on naming as their executor to let them know that such a responsibility is coming. This is, ideally, the best time to decline being named as executor. However, circumstances may lead to you being named executor of an estate without...  read more

What is the Probate Process Like?

Sunday, March 1st, 2020

When a person dies, their estate will go through the probate process. The main point of probate in New York is to examine the person’s will or other document to determine if it is valid and legally binding. If it is, the process can be quite short. If it’s not, however, or if there’s a...  read more

I’m Not Behind on Any Bills – Do I Still Quality for Bankruptcy?

Saturday, February 15th, 2020

There are many myths surrounding the bankruptcy process and who is qualified to file for bankruptcy. Most people assume that you have to be behind on bills, facing foreclosure on your home, or having your vehicle repossessed before you can turn to bankruptcy for financial relief and assistance. However, this isn’t the case. Anyone can...  read more

How to Leave Money to Your Heirs for College

Friday, January 31st, 2020

If you have a good amount of money or other assets, you likely want to make certain your heirs receive this inheritance and use it in a way that helps them get ahead in life. However, if you simply leave them your assets in a will, they can legally do whatever they want with the...  read more

Do I Need to List Every Item I’m Leaving to Someone in My Will?

Wednesday, January 15th, 2020

If you have a lot of assets or a number of sentimental things you want to make sure are given to the right people upon your death, you may be tempted to sit down and write out a very long will that includes all of these items. This is certainly one option, but it does...  read more

Can I File for Bankruptcy without My Spouse?

Monday, December 30th, 2019

If you’re thinking about filing for bankruptcy, one of the first things that you need to decide is whether you’re going to do so as an individual or whether you and your spouse are going to file together. You can file for bankruptcy on your own even if you are married, but you do want...  read more

Can a Living Trust be Contested?

Sunday, December 15th, 2019

One of the reasons why you may want to create a trust instead of a will is because wills can be easily contested. While the contesting party may not always get the result they want, contesting a will does leave your legitimate heirs stuck in court for quite some time. However, while a living trust...  read more