Inflation and stagnant wages have created the perfect situation for credit card debt across the United States. When staples like gasoline and groceries cost more than normal, people's budgets may fall short. At least initially, someone's first response may be to use...
Albany New York Law Blog
3 ways Chapter 13 bankruptcy is different from Chapter 7
Bankruptcy can help people in many different situations, and there are different forms of bankruptcy that work better in specific circumstances. Your situation largely dictates the best options when it comes to the chapter of bankruptcy you file. Many people only know...
Can bankruptcy help you save your vehicle from repossession?
The main focus of a standard individual bankruptcy filing will be unsecured debts like credit card balances and medical debt. Such financial obligations are eligible for discharge at the end of a successful bankruptcy filing. You cannot as quickly or easily address...
How can an automatic stay help me during bankruptcy?
When you're dealing with impatient creditors or facing repossession of your home, car or other valuable property, bankruptcy can provide you with much-needed financial relief and a chance to start So how can bankruptcy protect you from some undesirable financial...
Who files for bankruptcy in the U.S.?
You have become one of them – a person who has filed for bankruptcy. You fear being labeled and judged. But what you may not know is that bankruptcy does just surface within a single demographic. People from various walks of life have chosen this route to steady their...
Which debts can I discharge with Chapter 7 bankruptcy?
Having many debts can be overwhelming. However, you can get rid of the financial pressure by filing for Chapter 7 bankruptcy. If you file for bankruptcy under this chapter, most of your debts will be eliminated, and the creditors won’t be able to pursue you for your...
Is Chapter 7 right for everyone?
It is difficult to not worry when money is tight. When a New York resident struggles to pay their bills or cannot cover the costs of their rent, they might worry about how they will provide for the ones they love. Debt and financial hardship are next to impossible to...
Common myths about bankruptcy
For some New York residents, filing for bankruptcy is a way to a fresh start. For others, it is a situation they want to avoid at all costs. Frequently, this is the case because they have some misconceptions about a law designed to help consumers. No, bankruptcy will...
What property is exempt from creditors during bankruptcy?
In New York, people experience financial problems with regularity. This could be due to job loss, medical expenses, overwhelming bills, and other unforeseen circumstances. While bankruptcy is legal and an effective way to clear debt, people might fear they will lose...
How can medical errors be more preventable?
The public sees New York hospitals as safe places where they are taken care of by medical professionals. However, there are cases in which those very medical professionals end up harming patients. The fact is that humans are prone to making errors, even the best of...