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Craig D. Robins, Esq. New York Bankruptcy Attorney, Longisland bankruptcy attorney

“ Craig D. Robins, Esq., has been a practicing Long Island bankruptcy attorney for over twenty-four years ”

Craig D. Robins, Esq.

Archive for September, 2009

Consulting Firm McCoy Consultants, Ltd. Files for Chapter 11 Bankruptcy on Long Island

Posted on Wednesday (September 16, 2009) at 5:15 am to Chapter 11 Filings on Long Island

Long Island Chapter 11 Filing in Central Islip Bankruptcy CourtWritten by Craig D. Robins, Esq.

.McCoy Consultants, Ltd. filed for Chapter 11 bankruptcy relief on August 21, 2009 in the Central Islip Bankruptcy Court under case number 8-09-76222. Judge Alan S. Trust is the assigned bankruptcy judge.

The debtor, which is a division of McCoy Companies, Inc., advertises itself as a full service business consulting firm serving religious, non-profit and small business entities. It states that its flagship service is church management and that it has worked with 50 churches across the country.
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The company, which is located in Uniondale, is being represented by Brooklyn bankruptcy attorney Rachel S. Blumenfeld. According to the Disclosure of Compensation Statement filed pursuant to Rule 2016(b), a retainer of $9,500 was paid. Ms. Blumenfeld listed her hourly rate at $350 per hour.

The debtor’s president is William McCoy. The initial filing did not include the Chapter 11 affidavit that contains the details about the debtor.

The petition listed assets consisting of personal property with a value of $709,400 (primarily accounts receivable), priority debts of $35,372, and unsecured debts of $305,431.

The Meeting of creditors will be held on September 25, 2009 at the United States Bankruptcy Court for the Eastern District of New York in Central Islip (Room 562 at 10:00 a.m.), and the first Status Conference before Judge Trust has not yet been scheduled.

This post is one of a series of posts available on the Long Island Bankruptcy Blog detailing every Chapter 11 bankruptcy case filed in the Central Islip Bankruptcy Court since August 1, 2009.  I will typically post a summary of each Chapter 11 case several days or weeks after it is filed as not all info is available immediately upon filing.  To see a list of Chapter 11 cases profiled on this blog, click Chapter 11 Filings on Long Island or type the name of the debtor in the upper right search box.

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Big No-No: Using Credit Cards After You’ve Decided to File Bankruptcy

Posted on Tuesday (September 15, 2009) at 3:45 pm to Bankruptcy Crime
Bankruptcy Tips Consumers Should Know
Chapter 13 Bankruptcy
Chapter 7 Bankruptcy

If you are considering filing bankruptcy, do not use your credit cards!Written by Craig D. Robins, Esq.

Once you’ve made the decision to file for bankruptcy, any credit card use after that point becomes highly scrutinized and very suspect.  This should be obvious.  After all, if someone decides that they are seeking to eliminate their credit card debt through bankruptcy, then incurring additional credit card debt can be considered fraudulent.

 If a credit card company learns that a debtor used a card without any intention of making full payment, then the credit card company has the right to object to the debtor’s discharge of that particular debt. 

 What’s more, if the case trustee or United States Trustee learns that the debtor intentionally “charged up” his or her cards before filing, then the either trustee can seek to have the debtor’s discharge denied or case dismissed.  There is also the possibility that the debtor can be found to have engaged in bankruptcy fraud — a criminal offense.

 Bankruptcy is a very powerful consumer protection tool that can enable you to eliminate all credit card debts and get a fresh new financial start.  Don’t jeopardize your ability to take advantage of the federal bankruptcy laws by being greedy or foolish.   Don’t create unnecessary red flags that can expose your case to additional review.  So don’t use your credit cards once you’ve decided to file bankruptcy.

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BAPCPA Man — The Bankruptcy Cartoon Strip (#4)

Posted on Tuesday (September 15, 2009) at 9:00 am to Bankruptcy Humour

BAPCPA Man -- The bankruptcy cartoon strip

 Bankruptcy Can Be Humorous!
 
Written by Craig D. Robins, Esq.
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Last month I posted the first three cartoon strips of BAPCPA MAN, the new comic strip from New York bankruptcy attorney Steven Horowitz and and artist Gideon Kendall.   Here is stip number four.   BAPCPA MAN is designed to entertain both consumers and bankruptcy attorneys. 
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Steve and Gideon originally came up with the well-received Bankruptcy Bill cartoon strips, about a hapless New York City bankruptcy attorney associate at a large bankruptcy firm.
 
“BAPCPA”, an acronym universally known to all bankruptcy attorneys, stands for The Bankruptcy Abuse Prevention and Consumer Protection Act.  This is the new bankruptcy law that went into effect in 2005.
 
The strips seek to educate consumers, humor attorneys, and will also try to poke fun at some of the more ridiculous requirements of the new bankruptcy law.  Please check out the Bankruptcy Bill and BAPCPA Man Website which now has references and links to other bankruptcy blogs around the country.
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The strip is posted with permission from Bankruptcy Bill.
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Long Island Children’s Clothing Store Bonmer, Inc. Files for Chapter 11 Bankruptcy

Posted on Tuesday (September 15, 2009) at 2:00 am to Chapter 11 Filings on Long Island

Long Island Chapter 11 Filing in Central Islip Bankruptcy CourtWritten by Craig D. Robins, Esq.

.Bonmer, Inc. filed for Chapter 11 bankruptcy relief on August 23, 2009 in the Central Islip Bankruptcy Court under case number 8-09-76237.  Judge Alan S. Trust is the assigned bankruptcy judge.

 
The company, which is located in Cedarhurst, is being represented by New York bankruptcy attorney Sean C. Serpe of Pelton Serpe LLP.  No disclosure of Compensation was filed.  Most of the schedules, which were required to be filed by September 8, 2009, were not filed in a timely fashion.
 
The debtor’s Chapter 11 affidavit was prepared by Mr. Serpe who stated that “the nature of the Debtor’s business is an affiliate in a children’s clothing store company. The circumstances leading to the Debtor’s filing under chapter 11 was continuing problems with its landlord and leasehold overlord due to landlord’s failure to improve the leasehold and injury caused to the Debtor’s principal arising out of same.”
 
The sole asset is a commercial lease for the store at 408 Central Avenue in Cedarhurst.  The debtor has been managed by Meryl Futersak for over 15 years.
 
The Meeting of creditors will be held on September 25, 2009 at the United States Bankruptcy Court for the Eastern District of New York in Central Islip (Room 562 at 11:00 a.m.), and the first Status Conference before Judge Trust has not yet been scheduled.
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This post is one of a series of posts available on the Long Island Bankruptcy Blog detailing every Chapter 11 bankruptcy case filed in the Central Islip Bankruptcy Court since August 1, 2009.  I will typically post a summary of each Chapter 11 case several days or weeks after it is filed as not all info is available immediately upon filing.  To see a list of Chapter 11 cases profiled on this blog, click Chapter 11 Filings on Long Island or type the name of the debtor in the upper right search box.

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Let Bankruptcy Be Your Superhero !

Posted on Monday (September 14, 2009) at 6:00 pm to Benefits of Bankruptcy
Chapter 7 Bankruptcy

Bankruptcy Man can conquer the evil creditors and get you a fresh new financial start !!!Written by Craig D. Robins, Esq.
 
When you’re down in the dumps and being attacked by the enemy with seemingly no way out, you need a superhero to come to your rescue.  Think of bankruptcy as that superhero — a fictional character with extraordinary powers and abilities dedicated to doing acts of public good.
 
You know the picture:  You’re in over your head and drowning in credit card debt.  The banks not only seem to be indifferent, but sneer at you and call you incessantly, even though you’ve got no financial ability to make payments.  They threaten to sue you and may have even done so already.  Your bank account is about to be frozen and your wages garnished.  WHAT CAN YOU DO?
 
Simple.  CALL BANKRUPTCY MAN !.  Sure, there is no Bankruptcy Man superhero, but I have to tell you that hundreds of my Long Island bankruptcy clients over the years have probably thought so of me.
 
An experienced bankruptcy attorney can quickly analyze a case (faster than a speeding bullet?)
 
Then he can file the bankruptcy petition with the bankruptcy court electronically, right from his desk (able to leap tall buildings with a single bound?)
 
And by filing the petition he can obtain an immediate and very powerful stay against the evil creditors (more powerful than a speeding locomotive?)
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Finally, he seeks to have the bankruptcy court issue an order of discharge, forever eliminating credit card debts (fighting for truth, justice and the American way?)
  
Seriously, bankruptcy is a very powerful federal law that can protect a consumer who files bankruptcy in good faith and give that consumer the opportunity for a fresh new financial start by eliminating credit card debt.
 
For another bankruptcy superhero, see the comic strips about BAPCPA Man.  I just spoke with its creator, my friend, Steven Horowitz, and I will be posting one of his latest strips tomorrow.
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LDR Trucking Corp Files for Chapter 11 Bankruptcy on Long Island

Posted on Monday (September 14, 2009) at 6:45 am to Chapter 11 Filings on Long Island

Long Island Chapter 11 Business FilingWritten by Craig D. Robins, Esq.

LDR Trucking Corp. filed for Chapter 11 bankruptcy relief on August 12, 2009 in the Central Islip Bankruptcy Court under case number 8-09-76015. Judge Robert E. Grossman is the assigned bankruptcy judge.

The company, which is located in Bay Shore, is being represented by Queens bankruptcy attorney William S. Neal of Woodhaven. According to the Statement of Compensation filed pursuant to Rule 2016(b), no retainer was paid.

The company has elected to be treated as a small business Chapter 11 debtor. In its Chapter 11 affidavit, the debtor’s president, Adam L. Youngelman, stated that the company filed for Chapter 11 bankruptcy relief “due to a lack of business.” In addition, he states that “the company is working on obtaining additional loans and financing in order to line up some business which as developed.”

The Meeting of creditors will be held on September 18, 2009 at the United States Bankruptcy Court for the Eastern District of New York in Central Islip (Room 562 at 11:00 a.m.), and the first Status Conference before Judge Grossman will be held on September 14, 2009 (Courtroom 860, 1:30 p.m.).

This post is one of a series of posts available on the Long Island Bankruptcy Blog detailing every Chapter 11 bankruptcy case filed in the Central Islip Bankruptcy Court since August 1, 2009.  I will typically post a summary of each Chapter 11 case several days or weeks after it is filed as not all info is available immediately upon filing.  To see a list of Chapter 11 cases profiled on this blog, click Chapter 11 Filings on Long Island or type the name of the debtor in the upper right search box.

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Nassau County Bankruptcy Attorneys

Posted on Monday (September 14, 2009) at 12:30 am to Uncategorized

We have two offices in Nassau County, New York, to help consumers resolve their debt problems with bankruptcy, debt negotiation or foreclosure defense — Woodbury and Valley Stream.
 
For over 20 years we have been helping consumers file bankruptcy on Long Island and get debt relief.
 
If you have serious debt issues, please consider giving our office a call to discuss how we can help you.
 
Please see our Long Island bankruptcy website for full information about setting an appointment to discuss eliminating debt or stopping foreclosure.
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Are Long Island Consumers Addicted to Debt?

Posted on Sunday (September 13, 2009) at 11:30 am to Bankruptcy and Society
Consumer Advice

New book addresses debt addiction -- an affliction suffered by many from Long Island which can be cured by bankruptcyWritten by Craig D. Robins, Esq.
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A bankruptcy filing can provide a fresh new financial start to those caught in a debt trap
 
Some of the major reasons consumers seek bankruptcy relief typically include medical expenses, death in the family, loss of a job or decreased salary, and matrimonial issues.  However, America’s addiction to debt is certainly a significant reason — especially here on Long Island..
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New book discusses debt addiction
 
The fact is that high levels of household debt push consumers into seeking bankruptcy relief.   The concept of debt addiction is the subject of a new book, just published last month,  Collateral Damaged: The Marketing of Consumer Debt to America, written by Dr. Charles Geisst, Professor of finance at Manhattan College.
 
Dr. Geisst believes that sometime in the 1970s and 1980s, the use of credit cards, which had begun as a convenience, began to grow into an addiction.  Banks then took advantage of this addiction milking consumers with exorbitant interest fees and service charges.
 
Then Wall Street took advantage of the situation by creating “toxic securities” that are now threatening to bring about a collapse of the global economy, continuing where the toxic securitization of the mortgage market left off.
 
In his book, Dr. Geisst delivers a scathing critique of the routine practices of the credit card industry that led to the current consumer debt crisis.
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It seems that banks became greedy after realizing that simply making loans to consumers to buy a home or car was not enough.  The banks became increasingly interested in the high profit margins of these loans and other types of consumer debt, and then sought increasingly sophisticated ways to market them, eventually leading to the bursting of the credit bubble last year.
 
In my Long Island bankruptcy law practice, I see first hand the debt addiction that many families encounter, and their inability to escape from the ever-deepening abyss of credit card bills.  Fortunately, bankruptcy acts as an escape valve, enabling these clients to eliminate their debts and get a fresh new start.
 
Several years ago the credit card industry pushed hard for bankruptcy reform to make it harder for consumers to seek bankruptcy relief.  Ironically, they have also created a situation which is now driving consumers to file for bankruptcy in droves .  It is expected that 1.4 million Americans will file for bankruptcy this year.
 
You can listen to an American Bankruptcy Institute podcast of Dr. Geisst being interviewed by the Sam Gerdano, Executive Director.
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Venerable Huntington Restaurant Able Conklin’s Files for Chapter 11 Bankruptcy Relief

Posted on Saturday (September 12, 2009) at 3:15 am to Chapter 11 Filings on Long Island
Current Events
Long Island Economy

Huntington, New York Restaurant Able Conklin's Files for Chapter 11 Bankruptcy ReliefWritten by Craig D. Robins, Esq.

Able Conklin’s Restaurant, a well-known eclectic steak house in Huntington Village, filed for Chapter 11 protection several weeks ago.
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Conklin’s Chop House, Inc., and Original Able’s, Inc., two separate companies which own the restaurant and its liquor license, filed separately for Chapter 11 bankruptcy relief on August 14, 2009 in the Central Islip Bankruptcy Court under case number 8-09-76071 and 8-09-76079.
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Debtor’s counsel made an application to jointly administer the two cases which was granted by Judge Robert E. Grossman, who is now the assigned bankruptcy judge for both cases.  One of the cases had originally been assigned to Judge Trust.
 
The restaurant was established in 1986 in the historic house built by Abel Conklin in 1841.
 
The restaurant, which is located at 54 New Street, in Huntington, is being represented by Huntington bankruptcy attorney Avrum J. Rosen of Huntington and his associate, Fred S. Kantrow.  The restaurant is located just a few yards from Mr. Rosen’s office.  According to the Statement of Compensation filed pursuant to Rule 2016(b), the debtor paid Mr. Rosen a retainer of $10,000 plus disbursements of $2,078.  The fee application listed Mr. Rosen’s hourly rate at $425 per hour.
 
According to the debtor’s Chapter 11 statement prepared by the debtor’s manager, Cassie Mernick, an employee of the restaurant for nearly 25 years, “the debtor’s current problems arose when the debtor’s sole shareholder, Dana Riggs, passed away approximately two years ago. Since that time, the Debtor has continued to operate with the shares of the corporation held by the decedent’s estate. Due to financial economic conditions, the debtor failed to remit amounts due to the State of New York Department of Taxation such that a judgment was entered for the approximate amount of $300,000.00.”
 
The debtor’s assets consist of approximately $105,000 of personal property for both corporations and the debtor’s liabilities are approximately $583,000 for both corporations.  The debtor is being treated as a small business debtor pursuant to the Bankruptcy Code.
 
The Meeting of creditors will be held on September 25, 2009 at the United States Bankruptcy Court for the Eastern District of New York in Central Islip (Room 562 at 9:00 a.m.), and the first Status Conference before Judge Grossman will be held on October 5, 2009 (Courtroom 860, 1:30 p.m.).
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This post is one of a series of posts available on the Long Island Bankruptcy Blog detailing every Chapter 11 bankruptcy case filed in the Central Islip Bankruptcy Court since August 1, 2009.  I will typically post a summary of each Chapter 11 case several days or weeks after it is filed as not all info is available immediately upon filing.  To see a list of Chapter 11 cases profiled on this blog, click Chapter 11 Filings on Long Island or type the name of the debtor in the upper right search box.
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Long Island Chapter 11 Bankruptcy Case Filing Information Now Available For Cases Filed in Central Islip

Posted on Friday (September 11, 2009) at 5:00 am to Central Islip Bankruptcy Court & Judges
Chapter 11 Bankruptcy
Chapter 11 Filings on Long Island
Current Events
Long Island Economy

Long Island Chapter 11 Bankruptcy Case Filing Information Written by Craig D. Robins, Esq.
 
When I started my bankruptcy blog, I thought it would be a great idea to provide a summary of each new Chapter 11 bankruptcy case filed in Central Islip Bankruptcy Court, which is part of the United States Bankruptcy Court for the Eastern District of New York.  I am proud to announce that I have begun to do this.
 
You will now be able to find information about all Chapter 11 cases filed in the Central Islip Bankruptcy Court after August 1, 2009 by reading posts in the Long Island Bankruptcy Blog.  Most information is obtained from public documents filed in the bankruptcy case.
 
All Chapter 11 case information posts are in the category Chapter 11 Filings on Long Island .
 
Several weeks after the close of each month, I will also provide a monthly index of those Chapter 11 cases filed on Long Island the previous month.
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Craig D. Robins, Esq. is a Long Island bankruptcy lawyer, who is focused primarily on helping individuals and families, find solutions to their debt problems. Read more »

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Craig D. Robins, Esq.
35 Pinelawn Road, Suite 218E, Melville, NY 11747.

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