Monthly Archives: April 2022

Will a Trustee Look at My Bank Accounts if I File for Bankruptcy in New York?

by Michael H. Schwartz
Couple talking to bankruptcy trustee.

During a bankruptcy filing, the Bankruptcy Court appoints a bankruptcy trustee to perform various duties required by law, according to the circumstances of the bankruptcy case, the debtor, and their creditors. One of the trustee’s duties is to investigate the financial …

Read More

Mortgage Options After Forbearance

by Michael H. Schwartz
Couple with a problem on home mortgage talking to agent.

During the COVID-19 pandemic, many New York homeowners took advantage of state or federal forbearance programs under the CARES Act, which allow pauses in mortgage payments. Now, as New York and the nation recover from the pandemic, those homeowners may …

Read More

What Is a 100% Chapter 13 Repayment Plan in NY?

by Michael H. Schwartz
Entrepreneur is problematic on filing bankruptcy.

A 100% Chapter 13 repayment plan is a bankruptcy proceeding in which the petitioner and their attorney work with creditors to establish a process for paying all secured and unsecured debt over three to five years. A 100% plan is for …

Read More