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Queens Bankruptcy Attorney Bruce Feinstein, Esq.'s Bankruptcy Blog    

Queens Bankruptcy Attorney Bruce Feinstein Esq.'s
Bankruptcy Blog

Advice for Small Business Owners Considering Bankruptcy in New York

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

Small Business Owners Considering Bankruptcy Article

What options do you have as a small business owner when it comes to bankruptcy?

Like any investment, small businesses can find themselves losing money and creating debt for their owners. Those struggling with a business may consider filing for bankruptcy in order to pay off or restructure debt. But is more than one option available, so it’s important for individuals to find the kind of bankruptcy that best suits their situation.

Life After Tax Season: Bankruptcy and Tax Refunds

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

tax refund bankruptcy

What happens to your tax refund after filing for bankruptcy?

With the major April 15th deadline for filing income taxes out of the way, there is often little said about taxes in relation to bankruptcy. But many people still have questions about bankruptcy after filing their tax returns. Is it a good idea to file for bankruptcy after doing taxes? What happens to your tax refund during bankruptcy? We decided to continue the dialogue about taxes and bankruptcy so people are financially prepared year-round.

Bitcoin and Bankruptcy in the Digital Age

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

bitcoin bankruptcy

Many Americans’ bank accounts are legally protected and insured, but what about people using digital currency like Bitcoin?

On Friday, February 28, 2014, the world’s largest Bitcoin exchange filed for bankruptcy protection in Tokyo, Japan. The company, called Mt. Gox, is Japanese in origin but has thousands of Bitcoin investors worldwide. And while few Americans know about Mt. Gox, it does raise several important issues about bankruptcy in the new digital age. This recent news to sheds light on questions surrounding digital currency and bankruptcy in an increasingly global economy.

Upcoming Report Seeks to Modernize the U.S. Bankruptcy Code

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

Upcoming Report Seeks to Modernize the U.S. Bankruptcy Code

Will a new report help update the U.S. Bankruptcy Code?

Our office has been helping people and businesses filing for bankruptcy in Queens for over 15 years. But throughout that time we have seen limited changes made to the U.S. bankruptcy code, the set of rules and regulations that governs how this important, influential legal system functions. But all this may change with a new report coming in December 2014. This report, created by other top legal professionals in the bankruptcy industry, will outline how to modernize this antiquated Code and institute important changes.

Improving Credit Scores After Bankruptcy

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

improving credit scores after bankruptcy

Why are credit scores so important, and how can you improve them after bankruptcy?

Our clients who file for bankruptcy in Queens and throughout New York want to see the future as a place of possibility, and an opportunity to create a new chapter in their lives.  Life after bankruptcy is not a complete reset, but it can be an amazing time to make changes that will get you on the right path toward fiscal responsibility. One such change is understanding the importance of your credit score and knowing how to improve it. There are steps you can take, now and in the future, to ensure a safer financial future.

Fixing Credit Score Errors – Good for Your Fiscal Future

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

CreditScore

Can Errors on Your Credit Score Affect Your Financial Health?

When clients come to our office they are looking for debt relief. This may mean stopping a foreclosure, removing a lien, or going through a Chapter 7 or Chapter 11 bankruptcy. Our clients often want to improve their credit, but there may be more factors affecting their credit scores than missed loan payments.

In a recent study by the FTC (Federal Trade Commission) from December 2012, the findings state that one in four credit reports have errors. So along with the other best practices we share our clients to ensure fiscal health and responsibility, we also support keeping a close watch on the information used by credit agencies to make their scores about you.

Detroit’s Landmark Municipal Bankruptcy Raises Questions Nationwide

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

A vacant blighted home is seen next to a well-kept occupied home on West Grand Boulevard in Detroit, Michigan July 23, 2013. REUTERS/ Rebecca Cook

What Does Detroit’s Bankruptcy Filing Mean for City Workers and Residents?

My team and I have been keeping a close eye on the ongoing bankruptcy drama unfolding in Detroit. I previously wrote a post about the city appointing a bankruptcy lawyer, Kevyn Orr,  and recent events have had clients wondering how a city’s bankruptcy filing could affect its greatest asset: its residents.

When it comes to municipal bankruptcy, our office are asked to answer questions about how it can impact communities and public workers. On Wednesday, a federal judge permitted the city of Detroit’s bankruptcy case to go forward after it was challenged by union and pension fund lawyers –  so the challenges facing the city have been front and center on the headlines and people’s minds.

It’s time to Overhaul of Student Loan Debt and Bankruptcy

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

discharge student loan debt in bankruptcy

Why is it so Hard to discharge Student Loan Debt in Bankruptcy?

There has been much debate over the issue of student loans in America in the past few months, and lawmakers and legal professionals are weighing in on the issue. The National Association of Consumer Bankruptcy Attorneys (NACBA) has several strong articles that support making student loans dischargeable in a bankruptcy. I am in agreement with NACBA –   student loans should be dischargeable in order to provide much needed relief for recent graduates, their families, and their communities. 

Jefferson County Alabama Finally Reaches Bankruptcy Deal

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

Jefferson County Alabama Finally Reaches Bankruptcy Deal

In a historic bankruptcy case, Alabama’s financially distressed Jefferson County says it has finally reached an agreement to refinance the majority of its debt.

The county will save hundreds of millions by refinancing and set it up to break free from bankruptcy in months to come.  Before the county can rid itself of bankruptcy, it must overcome several obstacles and be looked over by a federal bankruptcy judge.  This is scheduled to commence this Wednesday.

Areas We Serve

The Law Offices of Bankruptcy Attorney Bruce Feinstein, Esq. handles cases from all over New York including: Queens, Manhattan, Brooklyn, Bronx, Nassau County and Suffolk County Long Island

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