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Federal & State Bankruptcy Laws
Bankruptcy law provides for the development of a plan that allows a debtor, who
is unable to pay his creditors, to resolve his debts through the division of his
assets among his creditors. The following is list of laws related to Bankruptcy:
There are a number of protections for consumers in the Fair Debt Collections Practices Act
One important point - you are responsible for your debts. Nothing in this law gives you the right to skip out on your bills. It just protects you from unscrupulous collection agencies. And the lender can take legal action to collect the money.
Newsroom
News about Bankruptcy in Syracuse and nationwide:
Bankruptcy Filings Rose in March 2006
May 26, 2006 — The number of bankruptcy cases filed in federal courts rose 12.8 percent in the 12-month period ending March 31, 2006, according to ... Read more >
New Bankruptcy Law 2005
Beginning on October 17, 2005, most individual debtors filing for bankruptcy relief were required to complete either Official Bankruptcy Form B22A ... Read more >
Definition:
Your mortgage lender may start a foreclosure action and sell your home at a Sheriff's sale. If the sale nets less than you owe, there will be a "deficiency balance" that you will own to the lender.
Bankruptcy Court
Definition:
The federal tribunal where cases under the Bankruptcy Code are litigated.
Disclosure statement
Definition:
A comprehensive disclosure document sent to creditors when they are asked to vote on a plan of reorganization in Chapter 11.
If you live in the following cities and need a Bankruptcy attorney you should contact
our Bankruptcy Attorney as soon as possible:
Astoria
Auburn
Bay Shore
Brentwood
Bronx
Brooklyn
Buffalo
Corona
Elmhurst
Elmont
Endicott
Fairport
Far Rockaway
Flushing
Forest Hills
Freeport
Hamburg
Hempstead
Huntington
Huntington Station
Ithaca
Jackson Heights
Jamaica
Jamestown
Levittown
Lindenhurst
Lockport
Long Beach
Massapequa
Middletown
New York
Newburgh
North Tonawanda
Patchogue
Poughkeepsie
Rego Park
Ridgewood
Rochester
Rome
South Ozone Park
South Richmond Hill
Spring Valley
Staten Island
Tonawanda
Troy
Webster
West Babylon
Westbury
Whitestone
Woodside
Yonkers
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