Being compelled to file for bankruptcy is one of the most severe challenges a person may face in the course of her or his business and personal life. Nobody looks forward to the day when they are unable to fulfill financial obligations. Life being what it is, you may...
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
What is the role of a Chapter 7 bankruptcy trustee?
You filed for bankruptcy and went to court with your attorney to make payment arrangements. This is a difficult time for you, but knowing the end is getting near, you are feeling much better about your monetary situation. During the bankruptcy process, your...
What are the benefits to credit counseling?
If you are a resident of New York and find yourself in over your head with overwhelming debt, you have several options. There is no need to be ashamed of debt as it is often out of your control. If you have lost a job, seen a decrease in your income, dealt with...
Credit card charge-offs increase
Consumers in New York may be well aware that most people consider the current economy to be strong and healthy. That, however, does not mean that there are not plenty of individuals out there who may be unable to pay their bills and who are struggling with...
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. ...
Know when to consider Chapter 7 bankruptcy
When you are having financial problems in New York, you may sometimes think that putting more money toward your debt is the only solution. Sometimes, though, this solution may not fix your current situation and you may need a more serious plan of action. At Macco and...
Bankruptcy attorneys: More than someone to help you file
Bankruptcy attorneys are more than a go-between for you and the court system. They're highly educated in bankruptcy and negotiation, which can help you negotiate away debts and potentially avoid bankruptcy, in some cases. If you do choose to enter into bankruptcy,...
Buying time with Chapter 13 bankruptcy
It is not only those who have little in the first place who can experience financial difficulties and struggle to pay off debt. At Macco & Stern, we have seen people in dire straits despite earning a substantial income on a regular basis. Your financial...
Filing Chapter 11 as an individual
In most cases, individuals filing for bankruptcy in New York have the choice of filing either Chapter 7 or Chapter 13. At Macco & Stern, we know that both Chapter 13 and Chapter 7 have strict eligibility requirements. As an individual with a high net worth,...
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...
