Kings New York Eastern District Bankruptcy Guide and Forms Package for Chapters 7 or 13

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New York
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Kings
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NY-BANKR-2
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Uniquely packaged forms and information for Chapter 7 or 13 bankruptcies, including detailed instructions and other resources. Click and view the Free Preview for the latest revision dates and a complete overview of contents.

The Kings New York Eastern District Bankruptcy Guide and Forms Package for Chapters 7 or 13 is a comprehensive resource designed to assist individuals residing in the Eastern District of New York who are considering filing for bankruptcy under Chapter 7 or Chapter 13. This package includes detailed information, guidelines, and necessary forms to effectively navigate the bankruptcy process. In Chapter 7, individuals aim to liquidate their non-exempt assets to repay their debts. This guide provides step-by-step instructions on filing for Chapter 7 bankruptcy in the Eastern District of New York, taking into account the specific requirements and procedures of this jurisdiction. It outlines the eligibility criteria, exemptions available, and explores various aspects of the bankruptcy process, such as the automatic stay, debt discharge, and creditor meetings. On the other hand, Chapter 13 bankruptcy allows individuals with a regular income to reorganize their debts and establish a manageable repayment plan. The Kings New York Eastern District Bankruptcy Guide and Forms Package also covers the intricacies of filing for Chapter 13 bankruptcy in the Eastern District of New York. It provides guidance on creating a feasible repayment plan, determining one's disposable income, and understanding the confirmation and dismissal processes specific to this jurisdiction. It is worth noting that bankruptcy laws and procedures may vary from one district to another. The Kings New York Eastern District Bankruptcy Guide and Forms Package ensures that individuals in the Eastern District are familiar with the region-specific rules and procedures required to navigate their bankruptcy successfully. This comprehensive resource comprises detailed instructions, checklists, and relevant forms to streamline the bankruptcy filing process. By carefully following the guide, individuals can ensure they complete the necessary documentation accurately and meet the required deadlines. It covers topics such as compiling a list of creditors, completing the means test, and organizing financial records. Overall, the Kings New York Eastern District Bankruptcy Guide and Forms Package for Chapters 7 or 13 is an invaluable resource for individuals considering bankruptcy in the Eastern District of New York. It provides the necessary information, guidance, and forms to facilitate a smooth and successful bankruptcy process, ensuring compliance with the region-specific regulations.

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FAQ

Non-dischargeable Debts Secured debts, such as mortgages, student loans, and auto loans are not discharged by Chapter 7. Moreover, the bankruptcy does not provide relief from financial obligations, such as child support, alimony, and government taxes.

Most people prefer Chapter 7 bankruptcy because, unlike Chapter 13 bankruptcy, it doesn't require you to repay a portion of your debt to creditors. In Chapter 13 bankruptcy, you must pay your creditors all of your disposable income?the amount remaining after allowed monthly expenses?for three to five years.

Chapter 7 and Chapter 13 bankruptcy both affect your credit score the same ? having a Chapter 13 bankruptcy on your credit report will not be any better for your score than a Chapter 7.

Essentially, you need to have three things: (1) moderate to low income, (2) significant amount of debt and (3) no substantial property. In order to qualify for Chapter 7 personal bankruptcy, you must have moderate to low income as set forth in the Bankruptcy Code.

If you use this Homestead exemption, you cannot also use the exemptions for cash, clothing, furnishings or the New York Wildcard Exemption discussed below. Cash up to $6,000, which includes money in your bank accounts, cash in your possession.

Filing Fee: $313.00 Payable By : Attorneys may pay by check; money order; certified bank check; credit card (Visa, Mastercard, American Express or Discover). Personal and Third Party Checks cannot be accepted.

A Chapter 7 bankruptcy can take four to six months to do, from the time you file to when you receive a final discharge ? meaning you no longer have to repay your debt. Various factors shape how long it takes to complete your bankruptcy case. You will have to take care of some tasks before you file.

Any bankruptcy filing could also negatively impact your credit for some time. A Chapter 13 bankruptcy can remain on your credit report for up to 10 years, and you will lose all your credit cards. Bankruptcy also makes it nearly impossible to get a mortgage if you don't already have one.

Collect Your New York Bankruptcy Documents.Take Credit Counseling.Complete the Bankruptcy Forms.Get Your Filing Fee.Prepare To Submit Your Bankruptcy Forms.File Your Forms With the New York Bankruptcy Court.Mail Documents to Your Trustee.Take a Debtor Education Course.

The biggest difference between Chapter 7 and Chapter 13 is that Chapter 7 focuses on discharging (getting rid of) unsecured debt such as credit cards, personal loans and medical bills while Chapter 13 allows you to catch up on secured debts like your home or your car while also discharging unsecured debt.

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The debtor must file a signed Official Form 103B: Application to have the Chapter 7 Filing Fee Waived and Schedules I and J for the court's approval. Missing: Kings ‎ChaptersFree Official Federal Bankruptcy Forms for Brooklyn New York 11226, Kings County. All files are downloadable PDF. Free. Free Official Federal Bankruptcy Forms for Huntington Station New York 11746, Suffolk County. Chapter 7 Local Forms. Download Form (pdf, 1. District Court for the Western District of New York in 2007. The bankruptcy court is part of the federal court system, which is divided into districts. New York has four federal court districts.

The first is the Eastern District. The second is the Central District. The third is the Northern District.

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Kings New York Eastern District Bankruptcy Guide and Forms Package for Chapters 7 or 13