Chapter 7

Bankruptcy is an effective legal and financial tool for individuals who are struggling with debt. As Long Island residents may know, there are different forms of personal bankruptcy that can serve the needs of different debtors. Those forms are Chapter 7 bankruptcy...

Facing financial issues is tough. Oftentimes, individuals and families in New York can budget their way through money problems. While this may be the case for some, many seek alternative ways to address their debt problems. Although filing for bankruptcy is a major...

Debt can be overwhelming. It has the tendency to grow and get worse, causing individuals and families to wonder when or if it will ever end. And when bankruptcy is one’s best option, thinking about life after bankruptcy can feel overwhelming and even confusing. The...

Chapter 7 bankruptcy can be a valuable resource for consumers struggling with debt and looking for options and protections to help. There are several requirements that must be met to qualify for Chapter 7 bankruptcy the filing parties should be familiar with. How to...

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 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...

Individuals usually decide to declare bankruptcy after they have exhausted all other financial options. Bankruptcy allows people a fresh financial start, but with a cost. To satisfy as many outstanding debts as possible, banks may require an individual to liquidate...

There is are many false myths about bankruptcy. Many people believe that bankruptcy is a sign of failure. The fact stands that bankruptcy offers a way of beating crippling financial debt and offering applicants a clean slate. More than 700,000 people file for...

Chapter 7, or the liquidation bankruptcy, is the process of bankruptcy in which the debtor turns over significant assets and the sale of those assets will go to creditors in order to pay off debts. The debtor will receive a blow to their credit score, but they will...