If you are so deep in debt that you feel like you may never get out again, you are not alone. As of 2015, statistics from United States bankruptcy courts indicated that every year more than 1.5 million people, 97% of them individuals rather than businesses, file for...
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
When are student loans dischargeable in bankruptcy?
When it comes to filing bankruptcy in New York, one of the top things you have probably been told is that you cannot discharge your student loans. Many people like to say that your student loans will outlive you because there is not way to get rid of them expect to...
Will I be able to pay my other bills during bankruptcy?
When you file bankruptcy in New York, it puts your finances under a microscope. This includes monitoring your spending. In general, any money you have on hand becomes an asset that the court can take except for the amount exempt under bankruptcy laws. This may be...
Meeting with your creditors during the bankruptcy process
When creditors call constantly wanting you to send them payments, you may begin to feel anxiety over talking to them. Now that you know one of the steps of a New York bankruptcy is meeting with your creditors, it could feel like a significant cause for worry. At Macco...
Factors that lead to bankruptcy
Going through a financial disaster is a confusing and intimidating time. As you struggle to keep yourself afloat, you may think about declaring personal bankruptcy. One helpful thing to keep in mind is that you are not alone in your financial turmoil. Filing for...
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 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...
