Bankruptcy Law

When Is the Right Time to Declare Bankruptcy?

Tuesday, June 23rd, 2020

Bankruptcy can be a great tool for handling financial hardship and giving you the fresh start you need. However, most people who file for bankruptcy don’t do so at the right time. This means that while they do benefit from bankruptcy, they don’t get all of its benefits. How do you determine when to file...  read more

Reasons Bankruptcy Is Nothing to be Embarrassed About

Friday, May 15th, 2020

Have you declared bankruptcy? If you have, you may not be in any hurry to admit it. Bankruptcy is often looked down upon. People see it as a sign that you’ve failed, but that’s not necessarily the case. There are many reasons why bankruptcy is nothing to be embarrassed about. Here are a few of...  read more

Everything You May Need to List During a Bankruptcy

Wednesday, April 29th, 2020

If you’ve made the decision to file for bankruptcy, one of the early steps is to make a list of all of your assets. However, before you can do that, you need to understand what the court considers assets. You may find that some of the things you own don’t count, but others you assumed...  read more

Stimulus Checks Are Coming Next Week. Could Private Debt Collectors Grab Them?

Tuesday, April 14th, 2020

Next week, millions of Americans will begin receiving direct deposits from the federal government as part of the $2 trillion coronavirus rescue package signed by President Trump last month, but in some cases, private debt collectors may still be able to access that money. Here’s what you need to know. Right now, there is no...  read more

Conditions to Meet to Discharge IRS Tax Debt Through Bankruptcy

Tuesday, March 31st, 2020

While many people will tell you that you cannot discharge any tax debt through bankruptcy, the truth is that it’s not impossible, just more difficult than discharging other types of debt. There are some situations where you can discharge some or all of your tax debt during the bankruptcy period, but you must meet specific...  read more

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

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

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