Many Korean American clients consult Song Law Firm about credit card debt. Because bankruptcy stays on credit reports for 7–10 years, we always evaluate non-bankruptcy alternatives first. Alternative 1 — […]
4 Alternatives to Bankruptcy for Credit Card Debt (NJ & NY Statute of Limitations) Read More »
The 2005 BAPCPA introduced the Means Test (11 U.S.C. § 707(b)) to prevent abuse of Chapter 7. Above a certain income, filers must instead file Chapter 13. Two-Step Means Test
Means Test Strategy — Chapter 7 Eligibility (NJ & NY Median Income) Read More »
The biggest concern in any bankruptcy filing is “What assets do I keep?” U.S. Bankruptcy Code § 522 lets debtors exempt certain assets from the bankruptcy estate. NJ residents may
NJ & NY Bankruptcy Exemptions — Are Your Home, Car, and 401(k) Safe? Read More »
When Korean American clients consult Song Law Firm about bankruptcy, the first question is usually whether to file under Chapter 7 or Chapter 13. Both arise under federal law (11
Chapter 7 vs Chapter 13: Which Bankruptcy to Choose? (NJ & NY Guide) Read More »
Filing for bankruptcy is often a last resort for those overwhelmed by debt. While bankruptcy can offer a fresh start, the period leading up to the filing is critical. Many
Is It Safe to Use Credit Cards Before Filing for Bankruptcy? Read More »
Recent trends indicate a sharp rise in the levels of corporate and business bankruptcies. As more businesses consider bankruptcy, one of the most pressing questions is how SBA (Small Business
Understanding the Impact of Bankruptcy on SBA, PPP, and EIDL Loans Read More »
Unexpected difficulties may arise in life. You may have a sudden accident, you may get sick, or you may face various situations in which money is urgently needed. In some
Bankruptcy possible even if you have property or income Chapter 13. Read More »
bankruptcy!! Bankruptcy in media such as Korean dramas and movies is often depicted as a complete financial breakdown, literally sitting on the street, or with red foreclosure stickers attached
Doesn’t bankruptcy make you homeless? Read More »
Bankruptcy in the U.S. is all about giving people who have too much debt to pay it back a financial fresh start, and we’ve introduced the Chapter 7 and
Does bankruptcy really wipe out all your debts? Read More »
Scan with WeChat to add Song Law Firm
