Suppose you’ve sacrificed your career to be a homemaker during your marriage; divorce can leave you feeling uncertain about your financial future. Since you’ve been out of the job market for an extended period, it may take time before you can find a steady source of...
Albany New York Law Blog
Malpractice claims: The role of “standard of care”
Doctors typically provide the best care possible for their patients. Because of this, it’s often a shock when a patient comes forward with a medical malpractice claim against a doctor. At that point, it’s up to the doctor to determine the most effective way to defend...
Do you have “zombie debt?”
If you’re facing a mountain of debt, you may not be able to list every debt you owe and to whom. It may be too difficult to think about. This is a common occurrence. And it’s one of the reasons why “zombie debt” continues to thrive, unnoticed by a debtor but possibly...
Can someone buy a home if they successfully file for bankruptcy?
Bankruptcy is a resource that exists to protect the interests of people who are experiencing financial hardship. A bankruptcy filing ends collection activity and can lead to a discharge of certain debts. Yet, despite how useful bankruptcy can be, many people will do...
Can student loans be discharged in bankruptcy?
As of last year, 43.5 million Americans had at least some student loan debt, with an average of $37,787. Many need help to make payments and avoid falling behind. Many others have chosen to ignore making payments altogether because they do not make enough money to pay...
The top reason people file for bankruptcy surprises many
When someone files for bankruptcy, they effectively admit that they owe more money than they can repay and that they need help from the courts. They invoke legal protections that can stop collection activity. If a bankruptcy is successful, the person who files can...
3 credit card debt solutions that don’t really help
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...
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...