In bankruptcy, you are allowed to protect various assets, such as cash or cash equivalent assets such as the right to receive a tax refund. This is called exempt property or exemptions. When the exemption laws were overhauled in New York in January 2011, it proved to be a major benefit to homeowners and renters…Read more
Bankruptcy as a Pre-Retirement Tool
Are you approaching retirement? Are you still burdened with massive minimum monthly payment obligations on your credit cards? Are you concerned that you will not be able to continue to maintain these payments once you stop working? U.S. News and World Report noted in a recent posting that an increasing number of Americans are entering…Read more