Student loan debt is a known problem that sets many young people back as they enter the workforce. With debts of $30,000 and more, the monthly payment on these loans can make or break a budget, which limits spending power, increases the dependence on credit cards, and...
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
What are the risks of non-lawyer debt negotiators?
New Yorkers will undoubtedly be aware of the number of debt settlement companies who advertise and say they can help people facing financial challenges to get a fresh start. While this is a tempting proposition, there are certain dangers with getting involved with...
Legal assistance for Long Islanders dealing with medical debt
Long Islanders who find themselves deep in debt are not necessarily in that position because of job loss or due to spending beyond their means. One of the most common reasons for filing for bankruptcy to have a financial fresh start is through medical debt. Medical...
Achieving debt relief through non-bankruptcy remedies
When it comes to addressing overwhelming debt, most New York residents will likely examine all possible options. The first steps might include establishing a strict household budget and sticking to it, while paying as much on the debt as possible each month in an...
What are the advantages of Chapter 11 bankruptcy?
By most indications, the national economy is on the upswing. That should be good news for everyone, including businesses in New York. But, unfortunately, there are still many companies that have significant financial difficulties to face. For some, Chapter 11...
Things New Yorkers should know about debt relief
Our modern world contains many ways to create debt. Whether due to a loss of income, a serious medical event, or the collapse of an investment plan, Long Island residents may find themselves with an intimidating amount of debt. When credit card companies or debt...
Can student loan debts be discharged through bankruptcy?
Many people in Long Island who wanted to go to college, but were unable to afford to do so, took out student loans to finance their education. These loans have made the dream of a college degree a reality for many students. Unfortunately, upon graduation, they also...
Is crowdfunding a good way to deal with medical debt?
Crowdfunding is a popular way to raise money these days as it allows people in Long Island and nationwide to reach out to family, friends or strangers with the help of social networks and the Internet. For example, those who are facing steep medical bills, due to a...
Debt relief: choosing between a “snowball” and an “avalanche”
Winter weather is right around the corner, and many in Long Island may be looking forward to the silence and stillness that a peaceful, new snowfall brings. But, for some individuals in Long Island struggling with debt, it may feel like they are caught in a financial...
Can debt consolidation be the answer for overwhelming debt?
Debt consolidation may seem a bit counterintuitive at first. Can a person in Long Island really borrow to pay off his or her debts? While not everyone can make it work, there are those who find that debt consolidation provides them with a more feasible means of paying...