Archive for November 2022
What Happens to Tax Refunds During Bankruptcy?
Trustees can take tax refunds to pay debts in bankruptcy. Rest assured they will know about it, as the process requires you to disclose all of your financial information. There are, nevertheless, some instances in which a bankruptcy lawyer can protect that money. We know that many families rely on their tax refunds for months. …
Read MoreWhen May a Creditor Request a Lift of an Automatic Stay in New York?
In a bankruptcy case, the automatic stay prevents creditors from continuing to pursue collection actions while the case is underway. It’s a powerful protection that gives borrowers vital breathing room during the case. Yet there are scenarios in which a creditor can request to have the automatic stay lifted. Which creditors may lift the automatic…
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