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…

How Will Bankruptcy Impact Your New York Retirement Account?

Worrying about your retirement is smart. After all, your financial troubles aren’t likely to get any easier as you get older. Fortunately, you may have less to worry about than you think. If you’re imagining that bankruptcy will completely wipe out your retirement account, it’s time to breathe a sigh of relief. Bankruptcy doesn’t impact…

Can Bankruptcy Prevent You From Getting a Small Business Loan?

While some people bootstrap their way to a small business, about 40% of people get a loan to get started. If you have dreams of starting a small business you might therefore hesitate to declare bankruptcy, wondering if doing so will put an end to your dreams. Here’s good news: declaring bankruptcy is unlikely to…

7 Signs You Should File Bankruptcy

Knowing when to file bankruptcy isn’t an easy choice. Most people wait too long. In the current economy, good timing is going to be everything. Filing bankruptcy fast enough could be the difference between navigating an uncertain time successfully and ultimately losing everything.  Knowing these 9 signs can help you plan your next move. #1)…

What to Do If You Can’t Make Your House Payments During Covid-19

The Covid-19 pandemic has been devastating to people’s lives and health. It’s also been devastating for people’s work lives and finances.  That means you, like many people right now, might be having trouble making your mortgage payments. Fortunately, there are steps you can take to avoid foreclosure…an outcome you must avoid at all costs to…

The Financial Realities of Covid-19

Covid-19 is impacting everything. It’s putting many people out of work. Some Americans will walk away from this crisis with jaw-dropping medical bills and a slew of additional financial problems. As the situation continues to unfold it’s important to stay on top of certain financial issues. The biggest ones right now are the CARES Act…and…

 
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