Can Bankruptcy Help You Retrieve a Repossessed Car?

The average car payment is now $685. Most car loans now stretch far longer than 72 months, too. It’s little wonder that many people are currently facing repossession. In some cases, if you wait for your car to get repossessed before you file bankruptcy you will be unable to get it back. In others, you…

Can I Be Sued While Working With a Debt Settlement Agency?

By the time a debt has gone to collections, there are only a few advantages to paying them off. On newer credit scoring algorithms a paid off or zeroed out debt will be ignored while credit scoring. And paying off collection agencies can certainly make your phone stop ringing, eventually. Yet the number one reason…

How Do I Get a Chapter 13 Modification in New York?

Sometimes circumstances change, and making Chapter 13 payments gets almost as difficult as keeping up with all the debts that drive a borrower to seek a bankruptcy attorney in the first place. Yet you have other choices than defaulting on the plan. Here’s what you need to know about modifying your plan. There must be…

What is a Chapter 13 Hardship Discharge?

“What happens if we can’t make our Chapter 13 payments?” Many of our clients worry a great deal over whether or not they’re going to be able to make their Chapter 13 payments. They already know in many cases this could lead to bankruptcy dismissal, with its host of negative consequences. Fortunately, you’re not completely…

What Will Your New York Chapter 13 Payment Look Like?

If you’re considering Chapter 13 you know that you’ll essentially be consolidating all of your debt payments into one payment approved by the trustee. Yet you might not be sure if you’ll be able to meet that payment, especially for 3 to 7 years. How does the court calculate these payments, and is there any…

The Consequences of Collection Accounts in New York: Here’s What You Need to Know

When debts are sent to collections your financial situation takes a turn for the worse. It’s easy to make mistakes. It’s even easy to forget that you have rights under the Fair Debt Collection Practices Act and New York’s debt collection regulations. When and how should you act when you’ve got debts in collection? What…

Will Bankruptcy Stop You From Getting a Job?

The credit and collections industry has done so much fearmongering about bankruptcy that it’s not unreasonable for you to worry about how it might impact literally every aspect of your life. This includes your ability to make a living. Fortunately, by law bankruptcy can only impact most people’s job prospects so much. Your Current Job…

Can I Pay Off My Chapter 13 Plan Early?

Living on a Chapter 13 plan isn’t exactly fun, and if your financial picture starts to improve you might be hoping that you can simply pay it off early and be done with it fast. Unfortunately, a Chapter 13 repayment plan isn’t as simple as a loan repayment plan. Here’s what you need to know.  …

If I’m Declaring Chapter 7, When Do I Have to Move Out of My House?

If you own a home rather than renting your home then a Chapter 7 bankruptcy comes with some repercussions. That is, if you have a mortgage and you intend to see your  mortgage debt discharged, then you will have to turn your home over the trustee, allowing it to be sold. There are ways to…

What to Expect After Your Bankruptcy Discharge

Here on this website we talk a great deal about what will happen during the bankruptcy process. Yet we have observed many of our clients have some anxiety about what happens after the case is done. So we thought we’d take a few minutes to discuss what comes next, as well as what your next…