What to Do If You Need to Buy a Car During Your Chapter 13 Bankruptcy

Many people are surprised to learn it’s possible to purchase a vehicle during Chapter 13. Bankruptcy law recognizes that few people can manage their daily lives without some form of transportation. The law also recognizes that your current car may not list throughout the entire two to five year period during which you’d be making…

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…

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…

Will Your Life Be Better During Bankruptcy?

Many of our clients are surprised to learn bankruptcy can change their lives for the better. The credit and collections industries treat it like it’s one of the worst tragedies that could ever befall a family. In reality, it’s nothing more than a form of legal relief. It’s built and baked into our economic system.…

Can I Convert My Chapter 13 to a Chapter 7?

While there are a lot of reasons a Chapter 13 bankruptcy may make sense, and there are some real advantages to filing it, it is not the easiest form of bankruptcy. It’s not uncommon to struggle with the process, or even to just grow weary of it. In either case, you might find yourself wondering…

Will Bankruptcy Harm My Co-Signer?

When you’re young and just starting out it can seem like having a co-signer is often necessary to accomplish anything. You need one to get a car and an apartment. It’s common to need them for student loans, too. And when you took out that loan, you had the best of intentions. In your head,…

Getting Rid of Liens in a New York Bankruptcy

Bankruptcy might wipe out all of your debts, but it doesn’t automatically wipe away liens. And this can be a big problem. Fortunately, you can get a lien stripped away by meeting a few specific conditions. #1) The lien is not your primary lender’s lien. There is no way to strip away the claim your…

Can I Get a Car Loan After Bankruptcy?

One thing we hear when clients come to us is a lot of concern about what happens after the bankruptcy is done. People know, logically, their debts will be wiped out. They’ll be protected by the automatic stay. See also: 4 Ways Your Life Will Improve After Your New York Bankruptcy. They may even know…

Is it Ever a Good Idea to Settle a Debt?

If you have debts in collections you may be familiar with the offer letters they sometimes send. You owe $300, they say, but if you’ll pay $258 right now we’ll consider the whole debt settled. Or perhaps you’ve seen signs that tell you that you can settle your debt for “pennies on the dollar.” Or…

Can a Collection Agency Send Text Messages?

Getting a text message from a collection agent is invasive and annoying. If you have a limited number of minutes or messages, or if you have to pay for each one, these messages can even put you in a deeper financial bind. The debt collection industry wants to contact you any way you can. And…

 
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