Many people who live on Long Island or Westchester County may start exploring bankruptcy because they are facing the prospect of losing their homes in foreclosure. Indeed, the thought of losing one’s residence can cause a great deal of fear and emotional distress,...
Most Long Island area residents have at least one credit card. In fact, it is estimated that Americans have at least four credit cards. Most of the time a credit card holder is responsible with credit card debt but occasionally an unexpected life event happens, and a...
Chapter 7 bankruptcy allows the filing party to enjoy a fresh financial start but does not require them to start from scratch. Chapter 7 bankruptcy exemptions provide important protections for filing parties to be familiar with and understand how to take advantage of....
In a time of many unknowns, businesses in New York and elsewhere are making major business decisions to ensure the longevity of their businesses is protected. Unfortunately, when difficult financial times are occurring, not all businesses can stay afloat or remain...
Chapter 13 bankruptcy differs from Chapter 7 bankruptcy in several important ways. One of those differences relates to the bankruptcy filers’ abilities to use their own income to pay off their debts. If a Long Island resident has some disposable income to dedicate to...
Chapter 7 bankruptcy is an important legal and financial tool that helps many New Yorkers find stable financial footing each year. Through Chapter 7 bankruptcy a debtor may liquidate their assets for the purposes of paying off their creditors and wiping their schedule...
As any New Yorker can attest, the pandemic has impacted individuals and businesses in a variety of ways. While some may have experienced little to no impact when it comes to finances, many small business owners and major companies have experienced just the opposite....
There’s really no need for you to struggle for years or even decades in an attempt to escape what ultimately amounts to inescapable debt. Doing so only leaves you with depleted resources and overwhelming stress. Yet, if you’re like most people, then you’re probably a...
You’ve noticed that you’re falling behind on your bills. Though you can keep up with them at the moment, you’re getting to a point where you just don’t have enough money coming in to pay everything you owe each month. You have been pondering if it’s a good idea to...
Let's be honest. Consumer bankruptcy is not a fun route to travel, but it can be necessary to settle your debts and start financially anew. In fact, filing for bankruptcy and settling debt can lift a great weight off of your shoulders. Debt comes in many forms, like...
