Recent articles by Peter Grubea

Recent News Articles by Peter Grubea About Filing Bankruptcy in Western New York


Why the legal fees to file chapter 7 bankruptcy in Buffalo and Rochester are affordable

A person considering bankruptcy may sometimes hesitate to reach out to a lawyer because they are afraid that they cannot afford the legal fees to file bankruptcy. This is natural assumption since it is indeed true that many legal issues are expensive to resolve. Fortunately, bankruptcy is one of the ...
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How Chapter 13 protects assets that would be at risk in chapter 7 bankruptcy

How Chapter 13 protects assets that would be at risk in chapter 7 bankruptcy There are many reasons people file chapter 13 bankruptcy in Buffalo and Rochester. Chapter 13 can help resolve mortgage and tax problems. It can also help people eliminate debt when they earn too much to qualify ...
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Updates on filing bankruptcy in Buffalo and Rochester

Here is a summary of some recent bankruptcy and related financial developments in Western New York: 1. The courts are still holding all hearings by phone until at least October 31, 2020. This is particularly good news for the elderly and vulnerable people in our community. If you are considering ...
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How will Covid-19 impact bankruptcy filings?

We are surprised by the early data about bankruptcy filings following mass layoffs due to Covid-19. Everyone expected filings to increase dramatically with an unemployment rate of 15-20%. However, the data shows that filings actually dropped sharply in the months following March 2020. In Buffalo and Rochester, bankruptcy filings are ...
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Why The CPLR 5205(l) Exemption Still Matters In Chapter 7 Cases

New York Bankruptcy Exemptions Protecting Bank Accounts and Income Western New Yorkers who file bankruptcy have the choice between federal and state bankruptcy exemptions. In the majority of cases we file for our clients, we elect the federal exemptions. That's because the federal exemptions offer what is known as a ...
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Chapter 13 Bankruptcy Law Changes Due to Covid-19

When Congress passed the CARES Act in March 2020, they included a provision to assist people in active Chapter 13 cases. This provision allows a chapter 13 debtor to extend their plan from 5 years to 7 years if they have been impacted financially by Covid-19. There are few details about the extent ...
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Do you have enough debt to file bankruptcy?

We are often asked by clients whether they have enough debt to "qualify" for bankruptcy. This is a tough question to answer because no two people have exactly the same situations. However, here are some general observations that should help you figure out whether bankruptcy may be right for you: ...
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When Debt Settlement Makes Sense

I am often asked by clients if I can help them settle their debts with creditors. My answer is almost "yes" but it is rarely my recommendation that a client pursue debt settlement when there are bankruptcy options available. This is because in most cases, the credit ramifications of debt ...
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Common Questions About Household Income in Bankruptcy Cases

We are often asked questions about how a client's bankruptcy filing will be impacted by the income of other people in the home. The answer really depends on the type of bankruptcy case and the particular living arrangement. Here are the more common scenarios: 1. Married couples:  If you are ...
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