Posts by Simon Haysom

Getting Rid of Liens in a New York Bankruptcy

Bankruptcy might wipe out all of your debts, but it doesn’t automatically wipe away liens. And this can be a big problem. Fortunately, you can get a lien stripped away by meeting a few specific conditions. #1) The lien is not your primary lender’s lien. There is no way to strip away the claim your…

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Can I Get a Car Loan After Bankruptcy?

One thing we hear when clients come to us is a lot of concern about what happens after the bankruptcy is done. People know, logically, their debts will be wiped out. They’ll be protected by the automatic stay. See also: 4 Ways Your Life Will Improve After Your New York Bankruptcy. They may even know…

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Is it Ever a Good Idea to Settle a Debt?

If you have debts in collections you may be familiar with the offer letters they sometimes send. You owe $300, they say, but if you’ll pay $258 right now we’ll consider the whole debt settled. Or perhaps you’ve seen signs that tell you that you can settle your debt for “pennies on the dollar.” Or…

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Can a Collection Agency Send Text Messages?

Getting a text message from a collection agent is invasive and annoying. If you have a limited number of minutes or messages, or if you have to pay for each one, these messages can even put you in a deeper financial bind. The debt collection industry wants to contact you any way you can. And…

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Student Loan Relief in Orange County, NY?

If you are one of the many student borrowers in Orange County who is drowning in student loan debt you may see some relief soon. While it was very difficult to discharge student loans through bankruptcy in the past, some positive developments have opened some doors. First, lawmakers are moving to reverse the laws which…

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What to Expect at Your 341 Hearing

A lot of our clients come to us without understanding exactly what happens in any part of the bankruptcy. And so they balk when they hear about the 341 Hearing, also known as a “meeting of creditors” hearing. The 341 Hearing is perhaps one of the biggest—and most intimidating—steps in a bankruptcy case. It’s important…

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How to Respond to an Orange County, NY Debt Lawsuit

A debt lawsuit is extremely stressful. It’s usually the first time the average person has ever been sued. It’s also one of the most common civil suits, accounting for nearly half of the civil court cases in America. The consequences can be even more stressful. Creditors can easily garnish the wages or seize the assets…

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Which is Better, Chapter 7, or Chapter 13?

One of the biggest decisions you’ll make when you file for bankruptcy is which Chapter you’re going to file. For most New York residents who are not also business owners, that’s going to be either Chapter 7 or Chapter 13. Neither type of bankruptcy is necessarily better or worse. The type you file depends entirely…

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4 Ways Your Life Will Improve After Your New York Bankruptcy

Every loan-issuing business would love for you to believe bankruptcy is the end of the world. The life-altering last resort you should avoid at all costs. They want you to keep struggling. They want you to keep watching your debt go up while you struggle to make minimum payments. They want their money. And certainly,…

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