Bankruptcy is a way for an individual or business to have their debts legally discharged in the event that they cannot pay them. For example, if your home is being foreclosed upon or your debts have ...

Who can qualify for bankruptcy and what should you expect once you've filed for it? The answer varies case by case, says personal finance expert Farnoosh Torabi. Chapter 7 and Chapter 13 bankruptcies ...

A: 11 U.S.C. (United States Code) Section 523 sets forth the exceptions to discharge (in other words, getting rid of) a debt in bankruptcy. These exceptions include (a) tax or a customs duty of ...

The Bay Ridge Lawyers Association, under the leadership of President Mario Romano, held its monthly CLE meeting at Mama Rao’s in Dyker Heights on Oct. 30. Attorneys Mark S. Indelicato of Thompson ...

As you may know, WeWork Inc. and 517 of its affiliates filed Chapter 11 bankruptcy petitions this week. At its height, WeWork was valued at $47 billion, but the company’s Class A Common Stock declined ...

As a last resort, many people file for bankruptcy when they are faced with overwhelming debt. In fact, 486,613 people filed for bankruptcy in 2024 — up 16.2% from the previous year. In addition to 464 ...

As the renewable energy sector continues to experience significant growth and attract emerging companies, it becomes essential for entrepreneurs and business owners to understand the legal landscape ...

Federal bankruptcy laws were changed in 2005 in an attempt to force more people seeking protection from creditors to pay at least a portion of the bills that pushed them into court. The two main types ...

Personal bankruptcy generally is considered the debt management tool of last resort because the results are long-lasting and far-reaching. A bankruptcy stays on your credit report for 10 years, making ...