Filing for bankruptcy is often an effective way for people to climb out from under a mountain of debt and end creditor harassment. If you have decided to file for personal bankruptcy protection, you may be in doubt as to whether Chapter 7 or Chapter 13 is...
ALBANY NEW YORK LAW BLOG
Did your medical expenses exceed your emergency funds?
Academic research reveals that medical debt is a leading reason for seeking bankruptcy protection.Most families have many places to put their money and may lack the funds needed for a medical emergency. Joining the clubIf you are considering bankruptcy because of...
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...
Your rights during a vehicle repossession
You lease a vehicle through a car dealership. Unfortunately, you lose your job and can no longer afford to keep the car. You begin to fall behind on payments, and you worry that the lender will come to repossess your car.In New York, when you lease or purchase a...
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,...
Understanding insurance law for renters
For some New York apartment dwellers, the rent they pay is already a big chunk out of their budgets, so if another expense like renter's insurance is optional, they may pass it up. State and federal insurance law does not require renters to carry insurance the way...