Bronson Law Offices - Westchester County Articles Changes in New York Bankruptcy Exemptions

Changes in New York Bankruptcy Exemptions

By Bronson Law Offices  Mar. 3, 2011 3:34p

Are you considering filing for bankruptcy in Westchester County as a solution to finding immediate debt relief?  Have you heard about the new property exemptions for Westchester County, Bronx, Rockland County, Queens and surrounding New York cities?  If you are considering bankruptcy and you have yet to read up on the current bankruptcy standards, a Westchester County bankruptcy attorney at Bronson Law Offices will be of great assistance when it comes to filing your petition.

Among the new property exemptions include the increase of the homestead exemption from $50,000 to $150,000 and personal property exemption from $5,000 to $10,000.  A new wildcard exemption was also added to the bill which allows for $1,000 of personal property, bank account, or cash if the debtor does not claim a homestead exemption.  In addition, New York allows for debtors to choose to follow the federal bankruptcy exemption guidelines or the new state deadlines just put into effect.

Either path you choose to take, having a responsible and trustworthy Westchester County bankruptcy lawyer by your side will benefit your case in unimaginable ways, including having your rights protected and possibly finding debt relief in the most timely and least stressful manner.  Protect your financial future today; speak with an educated, compassionate and dedicated attorney for bankruptcy and debt relief at our office as soon as possible.

For all of your debt relief concerns or for a full list of new property exemptions in Westchester County, Rockland County, Queens, and Bronx, contact a bankruptcy attorney at the Bronson Law Offices today!

Other Recent Articles

Eastman Kodak Hires Legal Advisor to Address Financial Difficulties

The Kodak Company has hired a law firm, Jones Day, for advice in the financial area and the viability of the company’s turnaround plan. Kodak’s stock dove 54% several weeks ago and according to a Wall ...
More Articles »

New General Motors Denies Responsibility to Fix Impala Problem

Last month, the New General Motors was taking action to dismiss a lawsuit relating to a suspension problem on over 400,000 Chevrolet Impalas from the 2007 and 2008 model years. They claim it is not ...
More Articles »

Bankruptcy Fact Book: The Means Test

If you are in need of a solution to your debt and feel you have nowhere else to turn, filing for bankruptcy may be your best option. Despite it’s negative social stigma, seeking debt relief with a ...
More Articles »
(914) 827-5238
480 Mamaroneck Avenue
Harrison, NY 10528

Office Hours:
Mon-Fri 9 AM-5 PM

Main Website:
View Website
Contact our office by email or phone instantly by clicking the options below: