People who file bankruptcy in New York often have questions about what can happen after the estate is closed and their debts are discharged. The bankruptcy discharge serves as a statutory injunction prohibiting any further action on the part of a creditor to seek...
Month: January 2015
Important issues to understand about bankruptcy
Bankruptcy is an issue that can affect individuals from all walks of life in New York, and misinformation can be one of the biggest challenges in regaining your financial footing if you are considering this route. You may view bankruptcy as a negative event because of...
The legal implications of filing Chapter 13 Bankruptcy
Residents of New York may not realize how Chapter 13 bankruptcy pertains to an existing mortgage. During this process, certain legal rights exist to protect the homeowner from a lender being able to initiate a foreclosure, provided that the three or five-year payment...
What can be done to stop debt collectors from contacting me? Part 1
Constant contact from debt collectors can be frustrating or even frightening to people in New York. Because of abusive practices collectors have utilized, their actions are regulated by the Fair Debt Collections Practices Act, a federal law that prohibits certain...
What can be done to stop debt collectors from contacting me?
Residents of New York may be interested to know that there is some protection against debt collection that is enforced by the Federal Trade Commission. Under the Fair Debt Collection Practices Act, debt collectors are restricted from harassing a debtor. There are ways...