BANKRUPTCY ATTORNEY BLOG

Comparing Chapter 7 and Chapter 13 bankruptcy in New York for 2026? See updated means test figures, exemption thresholds, and what Second Circuit courts now require.

If you are thinking about filing for bankruptcy in New York, one of the most important things you need to understand is what property you get to keep. New York bankruptcy exemptions 2026 are the legal protections that stand between you and the loss of your home, your car, and the essentials your family depends on. Understanding where the law stands right now, and where it may be headed, can make all the difference in your case. At Kamini Fox, PLLC, we help individuals and fam

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.

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.