The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) requires Trustees of Chapter 7 and 13 cases to send a notice of bankruptcy filing and a notice of discharge if there is a claim for a domestic support obligation in a case.

New York passed new bankruptcy laws that increase exemption limits for consumers interested in filing. Consumers who were previously not able to file due to ownership of large amount of assets may now qualify for bankruptcy due to expended exemption limits.

It is not easy to eliminate tax debts in bankruptcy and in order to do so, the debt must meet a very specific set of criteria outlined in the bankruptcy code. If the required criteria is met, Chapter 7 provides for full discharge of allowable debts. Chapter 13 provides a payment plan to repay some debts, with the remainder of debts discharged.

If you are facing foreclosure and you are not able to work out a deal with your lender, you are not without options. Bankruptcy can be used as a way to either save your home or to buy time before the lender will take back the property.

If you want to file for bankruptcy in New York State and you own a home which is your primary residence, you should determine the amount of equity that exists in the property. If the equity is $50,000.00 or $100,000.00 (depending on if you are filing alone or jointly), then you can file for chapter 7 bankruptcy without losing your home.

Creating and maintaining a privacy policy should be an ongoing task. It should always reflect the actual practices of your company and comply with appropriate regulations.