Filing for bankruptcy is always the last resort for people who have built up debt. Most people like to rule out all other options first before making the decision to file. Chapter 7 bankruptcy in New York is not much different from other states as there will be debts...
Month: March 2017
Going somewhere? Not if the IRS has its way
Did you get your letter yet? No, not the announcement that you have won a million dollar sweepstakes. The Internal Revenue Service plans to send letters soon notifying certain taxpayers that the agency has certified their delinquent debt. If you are seriously behind...
Defining a straight bankruptcy in New York
Bankruptcy is not a comfortable discussion to have for an individual or a business, which is why it is not a decision that should be made lightly. There are two types of bankruptcy that individuals and businesses have to choose from: Chapter 7 and Chapter 13. There...
How to use Chapter 13 to stop foreclosure
There are plenty of advantages to filing for Chapter 13 bankruptcy compared to filing for Chapter 7 bankruptcy in New York. One of the biggest advantages is that Chapter 13 can help prevent the foreclosure of your home. You have a couple of options outside of filing...
Reasons why Chapter 13 is the better option for bankruptcy
If you are leaning towards filing for bankruptcy, Chapter 13 will more than likely be the better option for you in New York. Chapter 13 has a lot of benefits that Chapter 7 does not have. It is also a form of bankruptcy that allows you to reorganize your debt, save...
Filing bankruptcy is one step on the road to financial freedom
When you are in debt over your head, life can be difficult. Answering unknown phone numbers or hearing your phone ring might give you anxiety. Even checking your mail can be a source of stress. All of this is because bill collections are likely contacting you on a...