COVID-19 ALERT: We are OPEN for business! We are working remotely during our normal business hours: Monday through Friday, 9:00 a.m. through 5:00 p.m. To get in touch call: 845-294-3596

Posts by Simon Haysom

What Will the CARES Act Mean for Your Bankruptcy?

The recent passage of the $2.2 trillion CARES stimulus package comes as excellent news for many cash strapped Americans. Yet it may also raise some questions if you are in the middle of a bankruptcy case, or are planning on filing. You can still file and make motions in bankruptcy courts as of this writing.…

Read More

How to Prepare for a Recession

The global COVID-19 pandemic creates a lot of worries, fears, and concerns. Getting the virus isn’t even the largest concern on many people’s minds. The truth is the larger concerns may be financial ones. A recession seems inevitable. Layoffs are already happening across the country, and the job market is already tightening.  What do you…

Read More

How to File Bankruptcy With an Orange County, NY Reverse Mortgage

More senior citizens are filing for bankruptcy than ever before. Across America, people are spending their golden years burdened by excessive medical and student loan debt. That means many people who file for bankruptcy have reverse mortgages. It’s important to understand how your reverse mortgage can be impacted by your bankruptcy and what your bankruptcy…

Read More

Filing Bankruptcy Without Your Spouse in New York

Many people don’t know that they do not have to file bankruptcy with their spouse. You can file it on your own, and there are many times when it’s advantageous to do so. Filing without your spouse can introduce many complications to your bankruptcy case, and you will need an attorney to navigate them effectively.…

Read More

What is Emergency Bankruptcy?

An emergency bankruptcy is a fast way to stop a foreclosure, eviction, or repossession. It can also halt an impending wage garnishment in its tracks, stop a bank levy, stop a personal property seizure, or stop a debt collection lawsuit. While ideally you would have filed long before the matter became urgent, sometimes it takes…

Read More

Will I Lose My Life Insurance Policy in Bankruptcy?

It’s reasonable to worry about the fate of certain assets during bankruptcy, especially big nest eggs like your life insurance policy. Especially if you’re declaring bankruptcy after the age of 65.  This is one of those areas of bankruptcy law that effortlessly helps to demonstrate why it’s so important to have an attorney when you…

Read More

What is it Like to Declare Bankruptcy?

Credit card companies, big banks, and even medical institutions have done a great job of convincing the American public that bankruptcy  is the boogeyman. A thing to be avoided at all costs. Meanwhile, corporations declare Chapter 11 whenever they get into trouble, and nobody loses any sleep over it. What’s bankruptcy really like? Is it…

Read More

Can Creditors Send You to Jail?

Technically, the United States of America isn’t supposed to have debtor’s prisons. However, in some areas of the country, low income people are fighting to stay out of jail because they owe debts they can’t pay.  Creditors are getting around the law by suing debtors, winning judgments against them, scheduling debtor’s exams and then having…

Read More

What is Zombie Debt?

Every day, people buy spreadsheets for huge sums of money. On the spreadsheets: names, phone numbers, sometimes addresses. Creditor names. And dollar figures, supposedly representing an amount known to those creditors. The third-party debt-collection industry buys as many of these spreadsheets as possible, at “pennies on the dollar” price points compared to the amount owed.…

Read More

What Happens if I Give My Car Back to the Finance Company?

It’s natural to start looking for options when your car payment turns out to be a little harder to manage than you expected it to be. If you’ve already explored refinancing and have been denied, what is your recourse? You might try to sell the car, but many people in your situation are upside down…

Read More
 
Menu