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November 2013 Archives

New York tableware manufacturer emerges from Chapter 11

The face and thrust of a business can change many times, especially with a business that competes worldwide and across decades. That was the case with a dinnerware manufacturer in New York. The company, which is now the only remaining manufacturer of forks, knives and spoons in the United States, was actually started back in 1880 by a utopian group, Oneida Community, in Sherrill, New York.

DMX Chapter 11 bankruptcy dismissed

If you're considering filing for bankruptcy in New York, it's important to know which kind of bankruptcy is right for you and which debts can be discharged. Examples of dischargeable debts include credit card debt and medical debt, while examples of non-dischargeable debt include child support, spousal support, student loans and taxes.

Credit card debt a troubling problem

In today's troubled economy, many people in New York and nationwide are experiencing difficulty handling credit card debt. For many, such debts mount up based on accumulating interest and may be a contributing fact to the need to file a personal bankruptcy of either the Chapter 7 or Chapter 13 variety.

Can the bank take your home after bankruptcy?

An interesting question was posed to the bankruptcy adviser at ABC News this month that we figured many of our readers might also be asking. The question asks whether a bank can foreclose on a home well after a bankruptcy filing has been settled. Unfortunately for the man who asked the question, the answer may not have been quite what he expected.

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