BANKRUPTCY ATTORNEY BLOG

New EPTL and SCPA updates in 2026 affect NY wills, trusts, and probate. Learn what changed and how a New York attorney can protect your estate today.

For New York residents, understanding the New York Chapter 7 bankruptcy exemptions 2026 rules is especially important because New York allows eligible debtors to choose between the New York exemption system and the federal bankruptcy exemption system. The right choice can make a major difference in what you keep.

Unfortunately, small mistakes in estate planning can lead to serious consequences for loved ones later. Families may face delays in the New York probate process, unnecessary taxes, or disputes about what the deceased person intended.

In New York, filing bankruptcy triggers a powerful legal protection called the automatic stay, which can stop foreclosure proceedings, wage garnishments, and other collection efforts.