Should You Consolidate or Try Chapter 13?

Many people are so afraid of bankruptcy that they’ll try just about anything to avoid having to declare it. That’s why a wide variety of “debt consolidation” programs continue to thrive and operate. There are multiple types, and each of them come with unique problems. There are debt consolidation loans, which essentially just take your…

How to Rebuild Your Credit Score After Bankruptcy

One of the biggest fears we hear from clients is the fear that bankruptcy will destroy their credit score. In reality, once your discharge is done bankruptcy usually improves your credit score, sometimes by as many as 80 points. That doesn’t help you much if you’re starting from a 520 credit score. Ideally, you want…

5 Bankruptcy Myths, Busted

There are a lot of myths and misconceptions about bankruptcy out there. The credit and collection industry has a vested interest in scaring or shaming people away from the process. It’s almost ironic, since some of the very companies who perpetuate these myths would not hesitate, even for a minute, to file a business bankruptcy…

What Happens During a Voluntary Car Repossession?

So you’re in over your head with your car payments and you’re trying to decide what to do. By the time you’re done making your payment and dealing with insurance your car is surely one of the biggest bills you have, at least, if you financed a late model vehicle through any modern day finance…

Can Bankruptcy Stop an Eviction in Orange County, NY?

Right now the Covid-19 pandemic and the state of the economy have worked together to ensure that hundreds of thousands of New York residents are facing the possibility of eviction. There are few things more stressful than knowing you might become homeless while you’re still struggling to replace lost income.  Fortunately, the bankruptcy process can…

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…

 
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