Declaring bankruptcy is sometimes necessary to get out of debt. If you are in a situation that requires you to file for bankruptcy, you likely have a few questions. The first question you probably have is about your possessions. For instance, is it possible to declare...
Bankruptcy
Does bankruptcy discharge student loan debt?
Obtaining a bachelor's degree or an advanced one is an effective way to achieve the American dream. Still, with the high cost of higher education, you may need to take out loans to pay tuition, fees and other expenses. You are far from alone, of course, as most...
Will bankruptcy affect your credit score?
For many, having a good credit score makes life a bit easier. In fact, according to Experian, a credit score over 700 may qualify you for low-interest credit cards, insurance discounts, utility security deposit waivers and other perks. While the major credit reporting...
Child support and bankruptcy
Bankruptcy offers New York residents an escape from overwhelming debt and the opportunity to start again, but there are some debts that cannot generally be discharged by filing a Chapter 7 or Chapter 13 petition. These include unpaid taxes, fines and penalties owed to...
Ending creditor harassment with a bankruptcy
When a New York resident files a Chapter 7 or Chapter 13 personal bankruptcy, the judge assigned to the case issues what is known as an automatic stay. This is a court order that prevents creditors from taking any further action to collect monies that are owed to...
What to know about Chapter 13 repayment plans
If you're seeking an effective way to reorganize your debts in a timely manner, it may be in your best interest to file for Chapter 13 bankruptcy. In addition to obtaining debt relief, it may be possible to retain ownership of your New York home or other tangible...
Which Type Of Bankruptcy Is Right For Me?
If you’ve been struggling with debt and financial distress for a while, you may be thinking about filing for bankruptcy. Making this choice has helped many people find relief and a fresh start. However, deciding to file for bankruptcy is only the first step of the...
What Can Bankruptcy Do For You?
Many people find themselves in tough financial situations at one time or another in their life. Falling into debt can be overwhelming and, in some cases, it’s difficult to overcome. Not everyone who finds themselves in financial distress is irresponsible or has bad...
Five myths about bankruptcy
Misinformation is a powerful tool. When people base their decisions on misinformation, they may be making a choice that hurts them instead of helping them. This is especially true for bankruptcy. Bankruptcy can do a lot for an applicant in terms of freeing them from...
Bankruptcy increases in older generations
Throughout the last decade, the American economy bounced from the most significant financial depressions in 2008 to one of the most profitable days in the DOW's history in 2018. But what effect has this shift had on older Americans? Unfortunately, a recovering economy...