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...
Albany New York Law Blog
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...
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...
Will Chapter 7 work for you, or should you choose Chapter 13?
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...
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...