Why Is Credit Counseling Required for an NY Bankruptcy?

If you want to file for individual bankruptcy under either Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code, you must meet certain eligibility requirements. Some of these eligibility requirements differ by the type of NY bankruptcy you file. For example, you must pass the means test to show you make below the median…

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How Are Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Different?

If you are an individual in Orange County NY considering bankruptcy, one of the first things you learn is that there are two paths through bankruptcy. The first process, called a Chapter 7 bankruptcy, is filed under Chapter 7 of the U.S. Bankruptcy Code. Unsurprisingly, the option to file Chapter 13 bankruptcy is found under…

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