Legal Columns
Chapter 11 Subchapter V for Korean American Restaurants & Small Businesses (Fort Lee · Flushing · K-Town)
The 2019 Small Business Reorganization Act created Subchapter V (11 U.S.C. § 1181) to allow smaller businesses to reorganize faster and cheaper. The current debt ...
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Medical Debt and Bankruptcy — Key Points for Korean American Patients (NJ Charity Care · NY Financial Assistance)
U.S. medical debt has unique features. A single ER visit can produce a five-figure bill, and Korean American clients without insurance — self-employed individuals, newly ...
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4 Alternatives to Bankruptcy for Credit Card Debt (NJ & NY Statute of Limitations)
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 ...
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Means Test Strategy — Chapter 7 Eligibility (NJ & NY Median Income)
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 ...
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NJ & NY Bankruptcy Exemptions — Are Your Home, Car, and 401(k) Safe?
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 ...
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Chapter 7 vs Chapter 13: Which Bankruptcy to Choose? (NJ & NY Guide)
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 ...
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Auto Accident Permanency Report — Which Doctor and How to Obtain It
Auto Accident Permanency Report — Which Doctor and How to Obtain It Quick Answer The core of NJ auto accident settlements is the “Permanent Injury ...
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Where to Get Treatment After an Accident — Using the NJ Korean American Doctor Network
Where to Get Treatment After an Accident — Using the NJ Korean American Doctor Network Quick Answer ER treatment is essential within 48 hours of ...
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Why You Must Never Sign a Recorded Statement for the Insurance Company
Why You Must Never Sign a “Recorded Statement” for the Insurance Company Quick Answer The recorded statement requested by an insurance company (especially the adverse ...
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