It is common knowledge that you cannot get rid of your student loans by filing bankruptcy in New York. However, what you may not know if there is an exception to that rule. You could be able to erase your student loans when you file if you can prove undue hardship....
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
Advantages and disadvantages to the snowball method for debt
Living life in New York receives an upgrade when a person does not have to worry about mounting debt. Using the snowball method, focusing on paying off smaller debts before concentrating on larger debts, can act as an effective way to pay off debt and manage one’s...
Changing spending habits to decrease debt
Unfortunately, debt is something that affects many New Yorkers. Whether it comes from surprise medical bills or simply from someone getting in over their head with their style of living, a person can end up owing more money than they feel they can pay off. ...
What are today’s most common types of debt?
If you can spend money, you can get into debt. However, not all forms of debt are the same. Some are the result of an unforeseeable emergency, while others stem from unwise spending and charging habits. Some debts can be discharged through personal bankruptcy, and...
How do I recognize predatory lending?
Whether you are repairing your credit after a personal bankruptcy or trying to relieve yourself of crippling debt, predatory lenders may be setting their sights on you. Like other scammers, predatory lenders target the vulnerable and easily exploited – in this...
How can you avoid debt during the holidays?
New York residents like you may dread the winter months. Holidays fly at you one after another, from Thanksgiving all the way to Valentine's Day. Between food, gifts, and heating bills, people spend more during this time of year than any other time. So how can you...
Is bankruptcy the only method of relieving debt?
Many people living in New York are struggling with debt just like you. Macco & Stern, LLP, are here to help if you're beginning to ask yourself if bankruptcy is the only way you could possibly dig yourself out of the financial struggle you've become embedded in....
How to recognize debt settlement scams
As a New York resident who feels as if you are drowning in increasingly overwhelming debt, you may be searching for a solution that could help you begin to rebuild your financial life. Regrettably, however, some types of companies tend to pray on people who, like...
Can you resolve debt without bankruptcy?
If you're a resident of New York who's been struggling with debt, you may wonder if there are any other options left for you outside of bankruptcy. There are, and Macco & Stern, LLP, Long Island bankruptcy attorneys, are here to help you find a solution....
Tips for negotiating with creditors
New York residents who are looking to get out of debt have several options available to them. One possibility is to negotiate with creditors directly in order to get a repayment or settlement plan that is tailored to fit their current situation. The...
