Brooklyn is the most populous borough of New York City, with approximately 2.7 million residents in Kings County. It is home to diverse communities ranging from Williamsburg to Bay Ridge, each with distinct character.
Brooklyn residents file in the Eastern District of New York at 271 Cadman Plaza East, Brooklyn, NY 11201. This is conveniently located in downtown Brooklyn, accessible by many subway lines. All 341 meetings are also held at this location.
New York allows debtors to choose between state and federal bankruptcy exemptions. New York allows a choice between state and federal exemptions. State homestead: $179,975 in Kings County. Federal homestead: $27,900. State exemptions include: vehicle $4,550, cash $5,000, household goods up to $14,375, tools of trade $11,975, and jewelry $1,150. Federal exemptions offer: $27,900 homestead, $4,450 vehicle, and a wildcard of $1,475 plus up to $13,950 unused homestead. Retirement accounts are fully exempt under both systems.
Exemptions determine what property you can keep in bankruptcy. See the full exemptions guide.
These organizations may offer free or low-cost assistance. Contact them directly to verify current services and eligibility requirements.
Brooklyn residents file in the Eastern District of New York at 271 Cadman Plaza East, Brooklyn, NY 11201. This is conveniently located in downtown Brooklyn, accessible by many subway lines. All 341 meetings are also held at this location.
New York allows debtors to choose between state and federal exemptions. The state homestead exemption for Kings County is $179,975 - generally better than the federal $27,900. However, federal exemptions may be better for renters due to the more generous wildcard ($1,475 plus up to $13,950 unused homestead).
Bankruptcy does not affect your rental lease. You have the right to assume (keep) your lease in Chapter 7. If you are behind on rent, the landlord may seek relief from the automatic stay. For cooperative apartments (co-ops), the shares are treated as real property under the homestead exemption.
Use the free 1328(f) screener to check whether a prior discharge affects your eligibility.
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Our research was cited by the federal judiciary as Suggestions 26-BK-3 and 26-BK-5