Personal Bankruptcy

Most people in New York probably only hear about the negatives when it comes to filing for personal bankruptcy protection. But, it is a mistake to forget that this process is in place to help those who are struggling with overwhelming debt burdens. The positives of...

The automatic stay is one of the benefits of bankruptcy protection that can provide near- term relief while the bankruptcy process itself can provide long-term debt relief. Because of the advantages of the automatic stay and personal bankruptcy protection, consumers...

There are many purchases that people in New York make every day. Some of these purchases are smaller purchases for their daily life, but other purchases are much larger though. People may by various electronics, vehicles, large vacations, homes and other larger...

Bankruptcy has consequences but may be the best avenue for struggling businesses. Along with Chapter 11 bankruptcy, there are other filing options for small business. Bankruptcy generally Bankruptcy is intended to help small business eliminate or repay debt. Federal...

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...

In decades past, filing for bankruptcy was equated with some level of financial failure. In truth, even a small emergency can send finances into a tailspin. Scenarios from job loss to divorce to medical emergency can upset a family’s balance and threaten a stable...

Anyone who has been paying attention over the past six months understands that the American economy is in trouble. Americans barely had time to rebuild from the Great Recession that started in 2008, and now we seem to be headed into another one as a result of the...

Among the most unfortunate things about bankruptcy is the public’s opinion. Often seen as a financial failure, people often overlook the benefits of bankruptcy. The laws guiding bankruptcy give Americans a second chance after an unfortunate financial event. However,...