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…

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…

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…

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…

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,…

Is This the Year to Solve Your Financial Troubles? Consider NY Bankruptcy

Did you make a New Year’s resolution for 2019? If you did, there is a good chance your resolution involved one of two things. The majority of Americans either resolve to lose weight or save money. Year-in and year-out financial goals are in the top five most common New Year’s resolutions, with all of the…

How to Handle Your Holiday Credit Card Debt and Expenses

The month of December is filled with festive occasions, parties, and family gatherings. While quality time and conversation are central to these holiday events, gift giving also plays a central role in the season. To the joy and delight of family and friends, we exchange presents all of sizes and expenses. However, the excitement of…

How Many Times Can You File for NY Bankruptcy?

Often, bankruptcy is a path to an improved financial future. At the conclusion of Chapter 7 or Chapter 13 bankruptcy, the court discharges the filer’s remaining debt. This clean slate allows the debtor to start new spending habits, begin rebuilding credit, and save wages and other income. Not everyone’s post NY bankruptcy transition is so…

What Are the First 5 Steps in a Chapter 7 Bankruptcy Case?

At Simon Haysom, LLC, we are genuinely interested in the experience of our clients. One issue that is raised regularly are the concerns individuals have when they initially approach our team for bankruptcy advice in New York. Many people have questions on the type of bankruptcy appropriate for their financial situation or whether they are…

Why Is Credit Counseling Required for an NY Bankruptcy?

If you want to file for individual bankruptcy under either Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code, you must meet certain eligibility requirements. Some of these eligibility requirements differ by the type of NY bankruptcy you file. For example, you must pass the means test to show you make below the median…

 
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