Chapter 7 Bankruptcy

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

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

Which Is Better: Chapter 7 Bankruptcy or Chapter 13?

Saturday, November 30th, 2019

If you’ve decided you need to file for bankruptcy, you may wonder which option is better, Chapter 7 or Chapter 13. One option isn’t better than the other. In fact, both can be excellent options in certain situations. It all comes down to your personal situation and what you need out of your bankruptcy. In...  read more

Can I Cancel My Bankruptcy?

Friday, November 15th, 2019

If you’ve filed for bankruptcy, but later get a better paying job or decide that it’s not the solution you thought it was, can you cancel it? Bankruptcy is a court process, and it does take time. During that time, your financial situation can change. Fortunately, in some cases, it is possible to cancel your...  read more

How Does Business Bankruptcy Differ from Personal Bankruptcy?

Tuesday, October 15th, 2019

If your business is suffering, you may be considering filing for bankruptcy. While business bankruptcy and personal bankruptcy both serve as a way of reducing, restructuring, or eliminating debt to make it easier to become financially stable, the two processes are slightly different. Here are a few of the key differences between personal and business...  read more

What Is the Bankruptcy Means Test?

Monday, September 30th, 2019

If you’re thinking about bankruptcy, one of the things you need to know about and understand is the bankruptcy means test. This is the test that determines if you are eligible for Chapter 7 bankruptcy. If you are, then you can have some of your debt forgiven. If you are not, you have to file...  read more

Can I File for Bankruptcy During My Divorce?

Friday, February 15th, 2019

Dealing with a divorce is never easy, and it often puts you in a very difficult place financially. If you and your soon-to-be-ex have already started separating your incomes, you may already be operating off a budget smaller than what you’re used to. Divorce also means paying a number of legal fees. This can leave...  read more