For the many individuals in Long Island struggling under a mountain of debt, searching for a way out can seem impossible. In situations like these, debt negotiation programs, also known as debt settlement companies, may seem like the way out of one's problems....
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
Late-night TV show host wipes out millions in medical debt
Residents of Long Island may be familiar with the work of "Last Week Tonight" television host John Oliver. In one recent episode regarding the debt-buying industry -- an industry that brings in billions of dollars -- Oliver cancelled over $14 million of medical debt...
What makes a debtor eligible to seek Chapter 7 bankruptcy?
Facing overwhelming debt can take over every aspect of an individual's life. The stress of constant calls from creditors, threats of repossession, the possibility of foreclosure, and simply being unable to meet one's monthly living expenses may make debtors in Long...
Facing foreclosure? You may still have options
There are many reasons why a homeowner in Long Island could be facing foreclosure, and many of these reasons are beyond the homeowner's control. For example, predatory lending played a major role in the foreclosure crisis, and many people could not anticipate that the...
New York expands program aimed at avoiding foreclosures
Owning your own home is certainly the American dream, but some individuals in New York they may have found that factors outside their control have affected their finances, making it difficult for them to pay their mortgages. However, the state recognizes this problem...
What happens during Chapter 7 credit counseling?
In a post a couple of months ago we discussed how Long Island area debtors who want to file for bankruptcy must complete a credit counseling course prior to filing, and must complete a debtor education course before their debts will be discharged. This week we will go...