A debtor can protect the equity in a house, condominium, co-op, or mobile home used as a residence up to the following values: 1. $179,950 in Kings, Queens, New York, Bronx, Richmond, Nassau, Suffolk, Rockland, Westchester and, Putnam counties. 2. $149,975 in Dutchess, Albany, Columbia, Orange, Saratoga, and … See more A filer can exempt the equity in one motor vehicle up to $4,825 in value or up to $11,975 if the vehicle is equipped for use by a disabled debtor. If you have more vehicle equity than you can exempt, and you don't use the … See more Exemptions protect necessary items that you'll need to work and live. The New York wildcard exemption allows you to protect any personal … See more Many more exemptions exist—here's where you'll find a more detailed list of New York bankruptcy exemptions. New York's exemption … See more WebJan 5, 2024 · The bankruptcy filing process in New York is similar to other states. Generally, the process is as follows for Chapter 7 bankruptcy: Understand bankruptcy qualification Decide whether to file Chapter 7 or Chapter 13 Decide whether to hire an attorney Take the Credit Counseling Course File Bankruptcy Petition and Other Forms
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WebMar 25, 2024 · Bankruptcy is a legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor , which is most common ... http://www.newyorkbankruptcylaw.com/faq.html dratings north carolina vs. marquette
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WebAug 29, 2024 · For example, 83% of New Mexico's bankruptcy filings were Chapter 7, compared to just 0.7% for Chapter 11. Conversely, Delaware's Chapter 7 and Chapter 11 filings were 53% and 13%, respectively. WebMay 20, 2013 · The buyer, stretched thin by various debts, including the car loan, ended up declaring bankruptcy. Even major auto dealers are getting into the act. While both Chrysler and GM use Ally Financial for their prime loans (which are issued to qualified buyers), GM has its own separate sub-prime arm, known as GM Financial. ... Charles Juntikka ... WebOct 16, 2015 · On October 16, 1975, New York City was deep in crisis. At 4 P.M. the next day, four hundred and fifty-three million dollars of the city’s debts would come due, but … employed to serve windbreaker