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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 January, 2010

Allan B. Mendelsohn, Long Island Chapter 7 Bankruptcy Trustee

Posted on Wednesday (January 20, 2010) at 3:00 pm to Bankruptcy Trustee Profiles

Allan B. Mendelshon (right) talking with fellow Chapter 7 trustee Andy Thaler (left)

Allan B. Mendelsohn (right) talking with fellow Chapter 7 trustee Andy Thaler (left) at a recent Bankruptcy Seminar

Written and photographed by Craig D. Robins, Esq.

  
This post is part of a series of biographies and profiles of Long Island bankruptcy trustees and judges.

 
Long Island Chapter 7 bankruptcy trustee Allan B. Mendelsohn got his start in bankruptcy by representing creditors and mortgage companies. 
 
In the late 1980s, when I was representing consumer debtors, Allan was quite busy in a high-volume mortgage foreclosure practice, bringing motions to lift the stay in my Chapter 13 cases.
 
Allan eventually moved on, and in 1990, became a founding member of his firm, now known as Zavatsky Mendelsohn & Levy, LLP, located in Syosset, New York.  A large part of the firm’s practice consists of representing mortgagees in foreclosure and bankruptcy proceedings.
 
In 1990, the same year he co-founded his firm, Allan also became a member of the panel of Chapter 7 trustees for cases in the Central Islip Bankruptcy Court, which is in the Eastern District of New York.
 
Allan has developed a good reputation for being a no-nonsense litigator with an expertise in bankruptcy and mortgage foreclosure real estate issues.  He has also been frequently called upon by the Office of the U.S. Trustee to act as an appointed Chapter 7 trustee to administer large Chapter 11 cases that have been converted to Chapter 7, such as video-game developer Acclaim Entertainment.
 
Allan graduated from Long Island University C. W. Post College in 1979.  He attended Hofstra University School of Law, graduating in 1982.  He was admitted to the New York bar in 1982.
 
He often speaks at symposiums and bar association seminars about his area of expertise – the effect of bankruptcy on foreclosure.
 
Allan’s firm represents several large mortgagees, including North Fork Bank, Bank of America, GreenPoint Mortgage Corp., Ponce de Leon Federal Bank, M&T Mortgage Corp., Federal Home Loan Mortgage Corporation, and Champion Mortgage.  
 
If the bankruptcy court assigns Allan a Chapter 7 bankruptcy case of a debtor who has a mortgage with one of these companies, Allan is required to recuse himself from acting as the trustee on that case, because of the rules regarding conflicts of interest.
 
Allan lives on the North Shore of Long Island.
 
Here’s Allan’s contact info:
 
Allan B. Mendelsohn, Esq.
Zavatsky Mendelshon & Levy, LLP
P.O. Box 510
33 Queens Street
Syosset, NY 11791
Phone: (516) 921-1670
 
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Mortgage Companies Entitlement to Bring Foreclosure Proceedings: Prove It or Lose It

Posted on Tuesday (January 19, 2010) at 5:30 pm to Foreclosure Defense
Mortgages & Sub-Prime Mortgage Meltdown

Mortgage Foreclosure DefenseWritten by Craig D. Robins, Esq.
 
I have discussed many times this year about the concept of defending a foreclosure proceeding by objecting to a mortgagee’s standing to bring the foreclosure suit on the basis that they do not actually own the mortgage.  Many New York Foreclosure Suits Are Dismissed Because They Are Defective .
 
A recent comment that appeared on the on-line version of the Wall Street Journal posed an interesting take on this:
 
The real estate bubble was fueled, in large part, by mortgage companies who loaned to anyone on anything, then sold the paper to the banks — who repackaged this paper to sell to other investors.
 
Everyone passing around the paper like players at the roulette table.  No-one checked the bona-fide representations of the borrowers. No-one checked the collateral. Everyone passed around paper while the little ball raced around the wheel of fortune. 
 
If these gamblers were too busy in the casino to make sure their paperwork was properly updated and recorded . . .  .tough!
 
That leads to the fundamental principal in any legal case pending in a court of law:  the plaintiff must prove its case.  Banks and mortgage companies must certainly adhere to the law and are now being called to task by the court when they fail to do so.  See my post:  Judicial Sentiment Against Foreclosing Banks Reaching All-Time High .
 
If a mortgage lender wants to bring a foreclosure proceeding, it must be able to demonstate that it actually owns the papers it is seeking to foreclose on.  Homeowners who are being sued in foreclosure should consult legal counsel to ascertain how to protect their rights.
 
 
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Practicing Bankruptcy Law is Like Shooting a Moving Target

Posted on Monday (January 18, 2010) at 6:30 pm to Bankruptcy Practice
Bankruptcy Tips Consumers Should Know

42-17769483Written by Craig D. Robins, Esq.
 
The Importance of Experienced Counsel in Bankruptcy Cases
 
Let’s start with the likelihood of success of a debtor filing a pro se Chapter 13 bankruptcy case.  It’s virtually zero.  There is almost no chance of success.  This is based on regular reports from Chapter 13 trustees around the country.
 
But suppose you retain a Chapter 13 lawyer.  Does that mean you will definitely succeed with your case?  Not necessarily.  A debtor’s success with a Chapter 13 bankruptcy is still not assured merely because you are being represented by counsel.
 
What’s most important in having a successful Chapter 13 case is the competence and ability of the debtor’s attorney, the attorney’s understanding of the law, and his or her appreciation of the responsibilities and obligations of the attorney-client relationship in bankruptcy cases.
 
These were the comments of my colleague, bankruptcy attorney William J. McLeod, who spoke at a consumer bankruptcy seminar in Boston this afternoon which was attended by several hundred bankruptcy attorneys from across the Northeast.  Bill is the author of a great little resource book for bankruptcy attorneys, Chapter 13 in 13 Chapters.
 
The Bankruptcy Battleground is Constantly Changing Whether It’s Chapter 7 or Chapter 13
 
Here’s why having experienced counsel is so important.  Practicing bankruptcy law is in essence like shooting a moving target.  The rules are constantly changing, the law is constantly changing, and the bankruptcy court’s interpretation of the law is also constantly changing.
 
What a debtor might be able to get away with one month can be shot done the next month, and visa-versa.
 
For example, last month I wrote about a bombshell decision from Long Island Bankruptcy Court Judge Dorothy T. Eisenberg who had just come down with a decision permitting Chapter 7 debtors to cram-down second mortgages.  (Chapter 7 Cram-Down of Second Mortgages ). Obtaining this relief was previously impossible in the Bankruptcy Court for the Eastern District of New York.
 
My office quickly seized on this new avenue of legal relief, and we are now helping a number of clients to eliminate their second mortgages in Chapter 7 cases. 
 
However, most attorneys still do not even know about this new decision as the Judge delivered it with no fanfare or other formal announcement.  To my surprise, the Judge didn’t even mention it at a recent bankruptcy seminar. 
I learned about it because I regularly read every new bankruptcy court decision that comes out of the Long Island Bankruptcy Court.  I asked the judge why she didn’t mention the decision at the seminar and she said that she assumed all bankruptcy counsel regularly read the new case decisions.
 
Having experienced bankruptcy counsel is necessary to properly evaluate a potential bankruptcy filing, develop an appropriate bankruptcy strategy, and then communicate with the clients so that they understand how the bankruptcy case will work.
 
Debtor’s Counsel Plays an Integral Role in the Bankruptcy Process
 
When you have questions about your bankruptcy, you call your bankruptcy attorney.
When creditors have a question or concern, they call debtor’s bankruptcy attorney.
 
When trustees file a motion to dismiss, it is debtor’s bankruptcy counsel who must respond, appear and when appropriate, defend the matter in bankruptcy court.
 
Without any doubt, debtor’s counsel plays an integral role in the bankruptcy process.
 
Bottom Line:  If you want to make sure your bankruptcy case is successful and that you get the maximum amount of debt relief the the bankruptcy laws afford you, use a competent and experienced bankruptcy attorney.
 
When a client comes in to meet with one of my Long Island bankruptcy attorneys or me, they can be assured of getting personal attention and up-to-date bankruptcy advice, based on our experience and knowledge.
 
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Long Island Foreclosure Activity Rapidly Increasing

Posted on Friday (January 15, 2010) at 3:30 am to Current Events
Long Island Economy
Mortgages & Sub-Prime Mortgage Meltdown

Foreclosure on Long IslandWritten by Craig D. Robins, Esq.
 
 
It’s no wonder that I’ve been especially busy helping Long Island homeowners save their homes from foreclosure.  
 
Some recent statistics show that the number of Long Island homes that fell into some stage of foreclosure climbed 37 percent last year, with Suffolk homeowners seeing more such activity than all but one county in the state, according to a newly released breakdown of the foreclosure crisis that was reported in Newsday yesterday.
 
 
Suffolk County Foreclosure Figures are Second Highest in New York State
 
Foreclosure on Long Island has been especially prevalent.  The data shows that 7,582 Suffolk County homes were in some stage of foreclosure last year.  This represents a 29 percent jump from the preceding year when 5,885 homes were in foreclosure proceedings.
 
Those homes equate to 1.39 percent of Suffolk households, including renters, which is second only to upstate Orange County’s 1.4 percent.
 
Nassau County Foreclosures are Very High Also
 
In Nassau, the number of homes directly affected by foreclosure last year shot up 48 percent to 6,064 properties, or 1.32 percent of households, up from 2008’s 4,099 homes.  That 1.32 percent put Nassau County fifth in the state for foreclosure activity. Only Queens had more homes directly affected than Suffolk County, 8,248 homes.
 
Obama’s Making Homes Affordable Program Is Not Dampening The Number of Foreclosures
 
Initially there was much hope that Obama’s federal mortgage help program would do something to stem the tide of foreclosure.  Unfortunately, the help that many struggling homeowners had hoped would come from the program never came. Just last week I reported Obama’s “Making Homes Affordable” Mortgage Modification Program Failing
 
As it turned out, 2009 broke monthly records nationwide in foreclosure activity.  To make matters worse, the rescue system was strewn with problems. Loan modification and foreclosure prevention programs have been heavily criticized for being clunky and disorganized.
 
Even though I am quite busy defending foreclosures and helping other homeowners stop foreclosure and pay their mortgages back through a Chapter 13 bankruptcy on Long Island, I will not do mortgage modifications, except in the rarest of situations.  I even wrote about this last summer:  Why I Won’t Negotiate Loan Modifications .
 
National Foreclosure Figures Also Show Substantial Increase
 
The number of foreclosed homes in the U.S. last year increased to a record 2.8 million, a 21 percent rise over 2008 and 120 percent over 2007.
 
Half of the foreclosures in the U.S. last year occurred in Arizona, California, Florida and Illinois. California had the most, with 632,573 foreclosed properties (up 21 percent from 2008), Florida posted 516,711 (up 34 percent), Arizona had 163,210 (up nearly 40 percent) and Illinois reported 131,132 (up 32 percent).
___________________________________
 
About the image and the artist
 

The foreclosure image above is printed with permission from illustrator David Dees, who takes delight in creating unusual, striking and provocative political activist illustrations.  Check out his website.
 
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The Misery Index is the New Barometer for Consumer Bankruptcy Filings

Posted on Thursday (January 14, 2010) at 9:00 am to Bankruptcy and Society
Bankruptcy Statistics

A new misery index includes bankruptcy as an indicatorWritten by Craig D. Robins, Esq.
 
 
In exploring this concept further, I came across “the Misery Index” which is an economic indicator created by economist Arthur Oken in the 1960s.  It is the sum of the unemployment rate and inflation at any given time.
 
Since it is assumed that both a higher rate of unemployment and a worsening of  inflation create economic and social costs for a country, the higher the index, the greater the misery the country is facing.
 
A recent New York Times Economix Blog post discussed the Misery Index and commented that pairing these two indicators made sense not only because both are economic phenomena that hurt regular people, but also because efforts to reduce unemployment can elevate inflation, and vice versa.
 
Today there are large numbers of bankruptcy filings; however, the inflation rate is rather low.  Thus, this Misery Index does not predict bankruptcy, nor does it necessarily predict the misery of the average middle-class American.  What we need is a different Misery Index.
 
New Economic Misery Index Contains Bankruptcy as an Indicator
 
It appears that some economists have come up with a “New Economic Misery Index which includes five sectors that show financial pain for Americans:  Bankruptcy, Credit Access, Employment, Housing and Food Stamps.  
 
Today, we have a more insidious version of economic crisis than what the old Misery Test measured.  This is not necessarily what is good for the average American.  In other words, the stock market may be going up, but Americans are still losing jobs and suffering.  We therefore need to add a few more indicators to a new misery index.
 
The new five indicators are probably the best way to gauge the state of our economy.  Economists looking at these figures see that despite the activity on Wall Street, there is really very little recovery.  And that is what the typical middle-class American who comes to my office for a bankruptcy consultation can attest to.
 
 
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Neil H. Ackerman, Long Island Chapter 7 Bankruptcy Trustee

Posted on Wednesday (January 13, 2010) at 1:30 am to Bankruptcy Trustee Profiles

Neil H. AckermanWritten and photographed by Craig D. Robins, Esq.
    
This post is part of a series of biographies and profiles of Long Island bankruptcy trustees and judges.

Neil H. Ackerman has been a Chapter 7 trustee on cases in the Central Islip Bankruptcy Court, which is in the Eastern District of New York, since 1992.

He got his start in bankruptcy law by clerking for former Long Island Bankruptcy Judge Cecelia H. Goetz immediately after he finished law school in 1981.

Neil has a reputation for being a sharp, knowledgeable and aggressive litigator who is not adverse to taking chances. Sometimes he prevails and sometimes he does not. He is very well versed in all types of commercial litigation, real estate law, federal and state court litigation, business litigation, appellate work, and malpractice actions.

In addition to his Chapter 7 trustee matters, Neil heads the Bankruptcy and Debtors’ and Creditors’ Law Department at the Mineola law firm, Meltzer Lippe, where he has been since 2003. Prior to that, Neil headed the Bankruptcy and Creditors’ Rights practice at Rivkin, Radler & Kremer between October 1992 and February 1995, and for the year prior thereto at Finkelstein, Bruckman, Wohl, Most & Rothman.

Unlike some Chapter 7 trustees who use other law firms to handle their litigation, Neil always uses his own firm, Meltzer Lippe.

If you see him, chances are greater than 50-50 that he’ll be wearing suspenders.

He likes to write and has written a number of scholarly articles on bankruptcy law and related issues. Some of his articles have appeared in the RICO Law Reporter, the New York Law Journal, and Long Island Business News. He is the former editor of the column, “Bankruptcy for Bankers” which appeared in the Banking Law Journal.

Neil attended law school at American University, graduating in 1981 cum laude, and was a member of the Law Review there. He attended college at the State University of New York at Binghamton, majoring in Philosophy and Political Science. He grew up on Long Island in Bellmore, attending John F. Kennedy High School.

Neil lives on the South Shore of Long Island.

I got to know Neil well because for several years Neil and I both had offices in the same building in Westbury, when the Bankruptcy Court was located just one block away from our office.

I took the photo of Neil at a bankruptcy bar association function.

Here’s Neil’s contact info:

Neil H. Ackerman, Esq.
Meltzer Lippe LLP
190 Willis Avenue
Mineola, NY 11501
Phone: (516) 747-0300

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One-Fourth of All U.S. Homeowners Are Underwater. What Should These Homeowners Do?

Posted on Tuesday (January 12, 2010) at 3:00 am to Foreclosure Defense
Mortgages & Sub-Prime Mortgage Meltdown

Long Island Foreclosure HelpWritten by Craig D. Robins, Esq.
 
According to a recent article in the Wall Street Journal, the number of homeowners who have no equity in their property has swelled to 23%, threatening prospects for housing recovery.
 
As of September 2009, over ten million households in this country had negative equity in their homes.  This is a situation that is also most evident on Long Island.
 
When a home is totally “underwater” or “upside-down,” that means the homeowner is paying more for the home than the home is worth.  Many underwater homes were financed with sub-prime mortgages and the sub-prime borrowers are now having difficulty making monthly mortgage payments.
 
Options When Your Home is Underwater
  
There are several options available to homeowners whose homes are underwater.  When the homeowner is also behind with the payments, Chapter 7 bankruptcy, to those who are eligible, provides the ability to walk away from the home and mortgage debt, while typically being able to stay in the home for a period of 12 to 24 months without making any mortgage or real estate tax payments, and not incurring any adverse income tax consequences.
 
Most homeowners whose homes are underwater owe their mortgage lenders an average of 20% more than what the home is worth.  For the typical Long Island family who has no equity in their home, that means that they owe their mortgage company $60,000 to $100,000 more than the fair market value of the house.  I’ve had many Long Island clients whose home values dropped many hundreds of thousands of dollars.
 
When a home is underwater, the homeowner can’t refinance or sell the home.  Although there is always the possibility of loan modification, it appears that modifying a mortgage is often difficult.  I recent wrote about Obama’s “Making Homes Affordable” Mortgage Modification Program Failing .
 
The Big Question for Underwater Homeowners:  Do You Stay or Do You Go?
 
Families who owe more to their mortgage banks than what the property is worth certainly face a serious dilemma:  Keep making payments and hope for the best — or walk away, and give up their home.  Even if you are current on your mortgage, continuing to pay it may not be the smartest thing to do.
 
What I am seeing here on Long Island is that so many families are finding it necessary to dip into their savings just to make their mortgage payments.  This is not prudent.
 
When someone’s home is underwater, they lack the cushion of equity that would protect them if illness or job loss slashes the family’s income.  Refinance is just not a possibility.  This, in turn, makes them more vulnerable to foreclosure because they can’t count on selling the home as doing so will not bring in enough proceeds to satisfy the existing mortgages.
 
I also have some clients who unrealistically think about holding out in the hope that the real estate market will rebound a great deal.  However, based on all of economists’ predictions, that is most unlikely, at least for many, many years.  Thus, keeping an underwater mortgage could be considered a “losing bet.”
 
One bet is certain, and that is getting sound advice from an experienced Long Island bankruptcy attorney who also engages in foreclosure defense.  Meeting with counsel will enable the homeowner to ascertain the various options and determine if walking away is the best option.  Counsel can also help the homeowner, whose thoughts about the home might be clouded because of emotional attachment, see the real picture.
 
 
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Bankruptcy and the Elderly

Posted on Monday (January 11, 2010) at 12:30 pm to Bankruptcy and Society
Chapter 7 Bankruptcy

Senior citizens can eliminate credit card debt by filing Chapter 7 bankruptcyWritten by Craig D. Robins, Esq.
 
The economic times are tough for people of all ages, but senior citizens and the elderly are perhaps impacted the most.  The weak economy is preventing many seniors from earning the income that they need to make ends meet.
 
I previously wrote that according to a report by AARP, the rate of personal bankruptcy filings for those ages 65 and older grew by 125 percent, while the bankruptcy rate of senior citizens ages 75 to 84 grew by an incredible jump of 433 percent.
 
I regularly see many senior citizens in my Long Island bankruptcy practice who are barely able to pay their bills.  These seniors are often living on just pensions and Social Security, yet juggle soaring medical bills, credit card payments and rising food and gas costs.  Some must deal with mortgage payments as well.  See Many Long Island Seniors Suffering From Debt .
 
Many Seniors Are Not Financially Equipped to Handle Retirement
 
Several months ago I had the opportunity to talk with nationally-known author and economist Thomas J. Mackell, Jr., an expert on the economics of living in retirement.  See my post:  Former Federal Reserve Bank Chairman Points Out Disturbing News About Americans and their Pensions
 
According to Mr. Mackell,  our country’s retirement systems are insufficient to cover retirees’ financial responsibilities, and as a result, seniors load up on credit card debt and incur medical bills that they cannot afford to pay for.
 
The stock market, which fell during the past decade, also had the effect of eroding the value of pension plans and retirement accounts, making the situation for many seniors even bleaker.
 
Senior Citizens Should be Debt Free in Retirement
 
It’s very hard to retire on a fixed income when you owe a substantial amount of money.  I’ve counseled many clients who are well past retirement age, and who are working just to pay their credit card bills.
 
Many seniors on Long Island are also coping with the high cost of living here.  Fortunately, for many of them, I have been able to elinate all of their credit card debts, medical bills and other financial obligations.
 
Some Seniors Have Gambling Debt Which Can be Eliminated with Bankruptcy
 
Seniors, with lots of time on their hands, are often lured by free bus rides to the Casinos, where some have gambled away their hard-earned savings.  It’s sad, but there are a lot of seniors who have incurred significant debt from gambling.
 
What seniors should know is that gambling debt is generally dischargeable in a Chapter 7 bankruptcy fling.
 
For Senior Citizens, Bankruptcy Is Often the Solution to Overwhelming Debt
 
A great number of seniors have been able to get a fresh new financial start by filing for Chapter 7 bankruptcy relief.  This past August, I wrote about how Senior Citizens Are Filing Bankruptcy In Record Numbers .
 
My office regularly counsels and advises Long Island seniors about debt relief options including bankruptcy.
 
One particular aspect that we help senior overcome is that they are ashamed of their debts and financial situation — much more so than our younger bankruptcy clients. 
 
However, when you file for bankruptcy, your debts disappear, the creditors stop calling, and your life returns to normal.  Seniors need this relief more than most other segments of the population.
If you know of a senior with debt problems, consider recommending that they discuss their situation with an experienced bankruptcy lawyer.
 
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Do You Have to be Broke to File Bankruptcy?

Posted on Friday (January 8, 2010) at 11:45 pm to Bankruptcy Means Test
Chapter 7 Bankruptcy

Filing Bankruptcy on Long IslandWritten by Craig D. Robins, Esq.
 
Some clients ask if they have to be poor, penniless or destitute to file for bankruptcy.  The answer is no.
 
Most of our Long Island bankruptcy clients actually have steady jobs and earn significant salaries.  You do not have to be in the “poor house” to eliminate debts and get bankruptcy relief.
 
A good majority of our clients are working and earning typical salaries that employees on Long Island tend to earn.  We started getting so many clients earning more than $100,000 per year that several months ago I wrote a blog post:  If I Make Over $100,000 a Year, Can I Eliminate Credit Cards Debts in Bankruptcy?
 
Bankruptcy relief is available to anyone who is over-burdened by their debts and has difficulty paying them.
 
Although many of our clients have regular, steady jobs and are earning healthy salaries. they share key one point in common:  dealing with their debts has become overwhelming.  For many middle-class Long Island consumers, bankruptcy is the only realistic way out of a bad debt situation.  See my post:  Middle-Class Being Driven Into Bankruptcy by Recession According to Report .
 
When we meet with a client, we look at salaries and income to analyze them for determining eligibility under the means test .   Seven out of eight people who we meet with qualify for eliminating all of their debts with Chapter 7 bankruptcy.  Those who do not qualify for Chapter 7 bankruptcy can still seek relief under Chapter 13.
 
In these difficult financial times, many people are out of work.  But, many others continue working, only to pay a great portion of their take-home income to pay their credit card debts.   Whether you are working or unemployed, bankruptcy is an option for managing debt and getting a fresh new financial start.
 
The first step in tackling serious debt problems is meeting with a Long Island bankruptcy attorney.
 
 
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Seven Requirements You Must Meet to File for Chapter 13 Bankruptcy

Posted on Thursday (January 7, 2010) at 11:30 pm to Chapter 13 Bankruptcy

Chapter 13 BankruptcyWritten by Craig D. Robins
 
 
A Chapter 13 bankruptcy filing can be a great help to cure mortgage arrears or discharge debts if Chapter 7 is not feasible.  However, Chapter 13 is not for everyone.  Below are the major eligibility requirements.
 
 
 
Who Can File for Chapter 13 Bankruptcy?
 
1.    Consumers Only.  You must be an individual consumer to file.  Businesses cannot file, although self-employed individuals who operate their own business can.
 
2.    Regular Income.  You must have a regular source of income and it must be sufficient to pay your day-to-day living expenses.  There must be enough left over to pay the monthly Chapter 13 plan payments.
 
3.    Jurisdictional Requirements.  You must reside in, or have a domicile, a place of business, or property in the United States or a municipality.  You do not have to be a U.S. citizen.
 
4.    Prior Bankruptcy.  Technically, you must not have had a prior bankruptcy filing dismissed for cause within the last 180 days, but if you had, you may still be eligible to file a Chapter 13 bankruptcy case if you have a change of circumstances.
 
5.    Debt Limitation.  Chapter 13 bankruptcy is designed for individuals who do not have an excessive amount of debt.  Eligibility requires that your debts cannot exceed $1,010,650 for secured debt (mortgages and car loans).  In addition, debts cannot exceed $336,900 for unsecured debt (most other debts like credit card debt, personal loans, medical bills, and utility bills). This amount will increase on March 31, 2010.
 
6.  Credit Counseling.  You must complete a credit counseling session within 180 days of filing.  This typically consists of a 30 minute phone call.
 
7.  Tax Returns.  You must be current on your income tax filings.  Chapter 13 laws require that you submit proof that you filed your federal and state tax returns for the four tax years prior to your bankruptcy filing date.  If you don’t have all of these tax returns at the time you file the bankruptcy petition, you may get a short extension.
  
If you’re drowning in debt and live on Long Island, consult a Long Island Chapter 13 Bankruptcy Attorney to discuss whether Chapter 13 bankruptcy might work for you.
 
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About Us

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.

Tel : 516 - 496 - 0800

CraigR@Craigrobinslaw.com