Posts by Simon Haysom

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…

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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…

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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…

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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.…

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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…

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4 Things to Do Before Paying a Debt Collector

Debt collectors pressure, badger, and browbeat people into paying debts, but that ending up on the phone with one isn’t a sufficient reason to whip out your wallet. In fact, if a debt has gone all the way to collections there are several steps you should take before you pay them a cent. Fail to…

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How Charge-Offs Impact Your Credit

If you’ve been in financial trouble for some time you may have seen the words “charge-off” on your credit report. It’s important for you to understand this term and to know exactly how much impact it’s having on your financial future. You should also know the risks of leaving a charged-off debt unaddressed. You’re Still…

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Protecting Your Goshen, NY Home in Bankruptcy

If you have hesitated to file bankruptcy because you’re worried about your home, don’t worry. There are many ways to protect your property during your bankruptcy. The key is choosing the right strategy, which is something our offices can help with. And that starts with evaluating some important aspects of your current situation. The State…

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