Many New York residents who are struggling with debt file for Chapter 13 bankruptcy. This plan allows people to keep major assets, such as their cars and homes, while repaying creditors over a period of 3 to 5 years. In some cases however, circumstances change and a...
The attorney general of New York reached a settlement with the three most powerful credit reporting agencies whereby the latter will modify the way they report unpaid medical debt. The changes are to be phased in gradually, with full implementation to come in 2018....
Many New York residents view filing for bankruptcy as a desperate last resort that only those who have exhausted all other options would even consider. However, some financial experts say that the social stigma surrounding bankruptcy is misplaced, and they argue that...
New York residents may have read that the U.S. Supreme Court recently issued a ruling regarding the ability to appeal a denial of proposed repayment plans in Chapter 13 bankruptcy cases. Previously, the lower courts had split, with some allowing people to appeal...
