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,...
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
What can Chapter 11 bankruptcy do for you?
As a New York resident who is simultaneously suffering from financial struggles while also having a high net worth, you may be wondering what options are available to you. In certain cases, your net worth may be so high that traditional or common bankruptcy options...
What you should know about medical debt
If you feel submerged under a pile of never ending medical bills, you are not alone. Millions of Americans feel as though they will never escape the burden of medical expenses. In a number of cases, these overwhelming medical bills lead to bankruptcy. A study...
Moving past a bankruptcy
Before you file for bankruptcy in New York, you might want to investigate and plan how you will use the experience to make your financial future more secure. This is actually exactly what bankruptcy is set up to do - to allow consumers to break free of debt that holds...
What situations can lead to bankruptcy?
As a New York resident who is facing unexpected money troubles, you're well-aware of just how quickly a person's financial situation can change. Macco & Stern, LLP, is here to help you as you face your financial situation and work to right it. Work-related...
When will my debts be discharged after filing for bankruptcy?
Long Islanders who are having financial challenges and have sought relief through filing for bankruptcy might not be fully cognizant of certain basic factors. These are important to understand as the process moves forward. One question that might be foremost in the...
Former MLB player files for Chapter 13 bankruptcy
Financial challenges can happen to anyone in New York and across the country. Even those who seemingly had it all with major paychecks, fame and a prominent lifestyle are vulnerable to financial realities and must consider alternatives such as filing for bankruptcy if...
Bankruptcies come off credit reports after a number of years
Many of our readers in New York know that during the so-called "Great Recession" one of the biggest issues was the when the housing "bubble" burst. As the economy started to crumble at the end of 2007 and into 2008, Americans saw billions in investment holdings...
Filing for bankruptcy to stop foreclosure
Our readers may be familiar with many of the advantages that New York residents will benefit from in the bankruptcy process. Many different types of debt can be addressed, and the financial challenges of unexpected life changes that impact finances can be resolved....
What causes Americans to pursue a bankruptcy filing?
Most of our readers have probably seen the most recent news about the national economy that indicates that things are looking good for the future. However, there are still plenty of people in New York who are facing financial challenges that an upswing in the economy...