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...
Bankruptcy
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...
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,...