Chapter 7

Many people have the misconception that filing for bankruptcy is a chance to escape any financial troubles you may be facing. However, it is not quite that simple. Before you decide to file for bankruptcy, you should consider both the advantages and disadvantages of...

Many borrowers benefited greatly from recent student loan repayment forbearance instituted in response to the growing public health and financial crisis. Still, not all good things last forever, and soon borrowers will have to start repaying their student loans....

Filing for bankruptcy and having your debts discharged could be one of the best decisions you have ever made. You are ready to start over without the burden of overwhelming debt. Although bankruptcy was the right choice for you, you are likely to still face some...

As it looks more and more likely that the economy is headed for a recession, debt struggles are back in the news. People are once again talking about their financial struggles, and bankruptcy, especially Chapter 7 bankruptcy, is back in the headlines of Long Island...

When you file for personal bankruptcy under Chapter 7 of the U.S. Bankruptcy Code, you have two main goals. The first is to stop your creditors from bothering you. This is accomplished as soon as you file and the court issues a stay -- a legal order that prohibits...

We are living during a time where the cost of living is increasing, mortgage rates are rising, grocery inflation is pressing and a hospital trip can become financially devastating. If you find yourself considering bankruptcy as a result, and decide to pursue Chapter 7...

Many people are afraid that in a personal bankruptcy, they will have to give up everything they own. Fortunately, this is not the case. Chapter 7 bankruptcy does require the debtor to surrender some assets, but there are many exemptions. These exemptions mean that...

New Yorkers who are struggling every day in a tumultuous economy have hard choices to make. Between paying the mortgage, car payments and other bills, or putting food on the table, people can become buried under impossible debt and feel helpless at finding a solution....

Bankruptcy can be an intimidating process, but for many the end goal is to achieve a fresh financial start. New Yorkers may elect to file for Chapter 7 bankruptcy to get ahead of their overwhelming obligations and take control of their financial lives. To do so, they...

Filing for Chapter 13 bankruptcy is not an easy choice to make. You carefully examine your finances, your income and assets and sometimes putting yourself on a restructured payment plan through Chapter 13 makes the most sense. But life changes, and so can your...