Long Island, N.Y.-based seller of vitamins and nutritional supplements, Vitamin World plans to file Chapter 11 bankruptcy this month with the hope of getting out of what they say are expensive leases for their stores. The vitamin and nutrition supplement seller has 345 stores around the country. Madden told Newsday the company is filing bankruptcy,…
Continue reading ›Do You Qualify to File Chapter 7 Bankruptcy? Not everybody can, do you? In 2005, the Republican Congress and President Bush passed sweeping new changes in the US. Bankruptcy Laws. Under the old rules, just about anyone who wanted to file Chapter 7 Bankruptcy in New York could do so no matter what their income…
Continue reading ›NY State Doubles Homestead Exemption Filing a Chapter 7 Bankruptcy in New York has just gotten easier for hundreds of thousands of homeowners in New York. In December 2010, the state increased the homestead exemption from $50,000 to as much as $150,000, per individual, $300,000 per married couple in some New York jurisdictions. This means…
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