How to Choose the Right Bankruptcy Chapter

Choosing a bankruptcy chapter is not a straightforward exercise. In fact, choosing the wrong Chapter is one of the biggest mistakes people make when they try to file a bankruptcy without an attorney. While we recommend talking to a Haysom Law attorney before choosing your Chapter, we can give some general guidelines on when each…

How Covid-19 Has Changed Bankruptcy Law

The pandemic has pushed many people into a state of financial distress. People have lost jobs, or have been furloughed. Unemployment checks run out. The $1200 stimulus check from the early part of the pandemic is long gone.  The economy isn’t getting better. People have gotten sick and have been unable to work. Those who…

Can I File for Bankruptcy in New York if I am Unemployed?

As many people lose their jobs to Covid-19, bankruptcy will provide an out that gets creditors out of the picture so that families may rebuild. There is absolutely nothing stopping you from filing bankruptcy while you’re out of work, and it may, in fact, be the best decision you ever made.  There are, of course,…

Why You Should File Your New York Bankruptcy Now

Many people wait far too long to file bankruptcy cases they honestly need to file. Experts call this time “the sweatbox.“ We’ve even posted all the signs you might need to file here on our blog. You don’t always have to wait for the repossessions or the foreclosures to start happening. You don’t have to…

What Can Go Wrong During an NY Bankruptcy?

Less than 1% of people who try to file Chapter 13 on their own will manage to get a discharge. Less than half of people who try to file Chapter 7 on their own see their cases discharged. This is because bankruptcy cases are a lot more complex than people believe them to be, and…

What Happens to Student Loans in a New York Bankruptcy?

Few student loans are ever discharged in bankruptcy. A small percentage of the population will be able to get it done by proving “undue hardship” along with a long-running “good-faith” effort to get the loans paid back. Assuming you won’t be in that tiny percentage (less than 0.1% of petitioners even try), or that efforts…

Can I Include Medical Debts in a New York Bankruptcy?

A surprising number of people are uncertain about whether or not they can include medical debts in their bankruptcies. The truth is, medical debt remains the number one cause of bankruptcy. Once upon a time the medical industry would generally work with people who were having problems. They’d set up reasonable payment plans, or find…

Are You Waiting Too Long to File Your Orange County Bankruptcy?

Have you heard of the “financial sweatbox?” It’s the term for the period between getting into major financial trouble and choosing to file bankruptcy. Often, people try everything they can think of to avoid filing for as long as they can, thanks primarily to the stigma of filing at all. The American Bankruptcy Institute describes…

How Often Can You File Bankruptcy in New York?

Nobody plans to file bankruptcy twice, but it’s hard to get by in today’s economy. Covid-19 hasn’t made anything any easier, and some people are once again in dire financial straits through no fault of their own.  The law does allow for multiple bankruptcies.  If you have filed for Chapter 7 bankruptcy in the past,…

Expect Debt Collectors in Orange County to Get More Aggressive as the Pandemic Rages On

The pandemic has caused Great Depression levels of financial distress, but that doesn’t mean big corporations are planning on halting their collection efforts. If anything, they seem to be trying to step them up. Now is the time to be watchful, and to be ready to protect yourself if necessary.  Aggressive Contact The only thing…

 
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