People in New York who are on the verge of filing for bankruptcy have usually already faced quite a few financial challenges. For some, the march toward bankruptcy has been years in the making, as credit card debt has piled up and left them with few options. For...
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
The benefits of an automatic stay in a bankruptcy filing
Previous posts here have mentioned that New York residents who are facing financial challenges need to weigh the "pros" and "cons" of filing for bankruptcy. While some people may believe that there are more drawbacks to filing for bankruptcy than there are benefits,...
What steps should you take to address debt and bankruptcy?
Many New York residents are facing a problem that millions of other Americans throughout the country are also facing: debt. Whether it is student loan debt, credit card debt, mortgage debt or some combination of multiple types of debt, this is a financial challenge...
Helping New Yorkers qualify for personal bankruptcy
Filing for bankruptcy is not an easy decision for most people. Admitting one has gotten into more debt than he or she can handled can be difficult. However, there may be good reasons for starting a personal bankruptcy case, and there are many New York residents who...
Chapter 7 bankruptcy can bring financial relief
There are times when even the most responsible, hard-working individuals in Long Island find themselves in a financial bind. It only takes one large, unanticipated expense that can lead to financial chaos. Those who find themselves in such situations may want to...
Do not let the threat of foreclosure ruin the holiday season
Home is where the heart is, particularly during the holidays when families gather in celebration of the season. But, for those in Long Island who have fallen behind on their mortgage payments, the threat of foreclosure is a very real worry on their mind. They may...
Emergency room visits can lead to surprise medical expenses
Going to the emergency room usually means that one is having a severe health crisis. Once there, one's thoughts are simply that the illness or injury is promptly and properly treated. And, for many in Long Island, this is the case as they are discharged and go home to...
Making minimum payments may not help those with credit card debt
Credit card debt is different than other types of debt. There isn't a repayment plan with a defined end-point. Instead, a person just has to pay the minimum payment each month. If a Long Island debtor wants to pay more, he or she can, but it isn't mandatory. However,...
Long Island attorneys can help those facing a financial crisis
If you are struggling to make ends meet month-to-month, are receiving threatening phone calls from debt collectors in Long Island or are even having your wages garnished, you may wonder if there is anything you can do to better your situation. The matter becomes even...
What types of claims are addressed via Chapter 13 bankruptcy?
There are many reasons why a person in Long Island can fall into hard financial times. Sometimes, a person incurs expenses that they simply cannot handle. When this happens, they may consider filing for Chapter 13 bankruptcy. When a person chooses to file for Chapter...