Like everywhere else, starting or running a small business on Long Island is always a financially risky endeavor. Smaller operations are often more sensitive to swings in the legal environment, the economy or the local market. Even some slight changes can turn a...
When you are drowning in debt, bankruptcy is top of mind, especially when creditors bombard your mailbox, email and cellphone daily. They constantly remind you that you owe money. There is never a reprieve, never a moment of rest. However, you may think that you can...
Why do bankruptcy cases sound like Dickens novels? Chapters are named after their place in the United States federal bankruptcy code. While they may not be as interesting as those novels, they can offer people a financial lifeline when they are drowning in debt....
The marriages of many Long Island couples suffer under financial distress. Many might even think that financial problems and divorce go hand-in-hand, although of course martial problems are usually complicated and have many causes. Because so many New Yorkers with...
There are a variety of different ways that personal bankruptcy may be able to provide important protections to those burdened by overwhelming debt. One of those protections is the automatic stay that goes into effect once the filing party files for bankruptcy...
It is not necessarily a bad thing for people in New York to have some debt. It is important for people to have a credit history because there are purchases that most people are not able to pay for without borrowing money. This could be purchasing a house or vehicles....
Filing for bankruptcy gives you the opportunity to move forward with a clean financial slate. However, it may not be too long before you start thinking about getting a credit card, an auto loan or a mortgage. To do so, you need good credit and as you likely already...
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...
