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...
Bankruptcy
Crucial steps toward rebuilding credit after bankruptcy
You pondered day and night before filing for bankruptcy. You were embarrassed and ashamed to even consider it. However, you overlooked a major point: Bankruptcy provides a fresh start. It helped you and provided you with the chance for a deep introspective look into...
Bankruptcy may actually improve your credit score
As the new year kicks into full swing, you may be hard at work on your list of resolutions. If improving your financial situation is one of your priorities, you may be weighing your options. While a bankruptcy filing is not right for every New Yorker, it is often an...
Bankruptcy holiday spending tips
Many people are starting to understand the benefits of undergoing bankruptcy. However, there are times when the process can make aspects of life challenging.Navigating the holidays can be one of those times. Thankfully, there are a few things people can do to help...
Bankruptcy, creditors and the 341 meeting
Perhaps a fresh start to your financial life is in order and you have decided to declare bankruptcy. One of your first tasks after filing either Chapter 7 or Chapter 13 is to attend the 341 meeting. This is where you will meet your trustee and, possibly, some of your...
Will you lose your home if you file for bankruptcy?
Filing for bankruptcy is a serious decision that can have far-reaching consequences, but for some Americans, it can be a great way to start putting the past behind them so they can begin to rebuild their financial futures. If you are among the many people across New...
Can you use your credit card right before bankruptcy?
Credit card debt is one of the biggest reasons why people have to file for bankruptcy. According to a recent report, the total amount of credit card debt in the United States increased by $36 billion in the last year. Most of the time, you can discharge most...
Utilizing an automatic stay and identifying creditor harassment
The process of filing bankruptcy may bring significant emotion in your family. Though bankruptcy is a relief of debts, the decision to file is not usually made lightly. On top of your mixed emotions in determining which chapter to file and when to begin the process,...
Considering bankruptcy? You are not alone
When a couple has a baby, it is common to see the new mom posting pictures on social media and dad might be handing out cigars to friends and family to announce the happy event. When it comes to bankruptcy, these types of jovial reactions are probably not going to...
Is your pet sending you into credit card debt?
Resisting the adorable kitten at the animal shelter or denying kisses from the adoptable puppy at your neighbor's home proves nearly impossible for some. You may see the small animal and make the determination that if you don't adopt it, no one will.Unfortunately,...