Bankruptcy is the process through which debtors can reorganize their debt to creditors. Depending on the circumstances, bankruptcy can result in a plan for making payments to creditors or a complete discharge of debt. Although there are many reasons why debtors file...
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
New rule could be harmful to consumers
Currently, debt collectors in New York and throughout the country are forbidden from contacting debtors by email or through text messages. However, the Consumer Financial Protection Bureau, or CFPB, issued a rule that will allow them to do so starting sometime in...
What’s the difference between good and bad debt?
There is such a thing as good debt. The trick is learning the difference between which debt will cause you problems and which debt will help you. It is important to understand because you should not be afraid to take on any debt at all. You just have to learn to take...
Tips for paying down medical bills
Research published in 2019 found that 66.5% of personal bankruptcies filed in New York and elsewhere that year were related to medical debt. According to a TD Ameritrade report, paying off medical debt is the top reason why individuals want to withdraw money from...
How can I avoid common money mistakes?
Why are so many people so bad with money? In many cases, the problem can stem from spending habits that have developed over time. Perhaps your parents weren't great with money and set a poor example. Or maybe you're having problems in other areas of your life and you...
Do you need debt relief tips for the new year?
With the beginning of the new year comes a new opportunity to improve your financial health and enjoy a better life for yourself in New York. While you may have no problem making financial resolutions, you may stumble when it comes to sticking to those resolutions. ...
Bankruptcy is meant to help you regain control of your finances
Your finances shouldn't be the top stressor in your life. When they are, you need evaluate the circumstances to determine what you need to do. You might be tired of always worrying about how you are going to pay bills. You may dread the thought of hearing the phone...
Job loss: what you need to know
The economy with all its ups and downs can affect your company—and your continued employment. If you’ve ever lived through a company layoff, you know how it can shake you to your very foundation. It’s been said that over half of us get our sense of...
