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…

What Is Business Bankruptcy?

Individuals aren’t the only entity to struggle with finances, which is why we have business bankruptcy. Just as a person can accumulate debt, take out to many loans, and overuse a credit card – so can a company. In fact, businesses are far more susceptible to debt and overwhelming payment obligations. Why? The implications and…

8 Confusing Bankruptcy Terms Explained by an NY Bankruptcy Lawyer

You need to be an active participant in your NY bankruptcy proceedings. Even though an NY bankruptcy lawyer from Simon Haysom, LLC is with you every step of the way, it is crucial you understand the process, laws, and requirements of an NY bankruptcy case. When you do, the path through bankruptcy is smoother and…

4 Things to Expect from a New York Foreclosure Settlement Conference

When the housing market crashed in 2008, it became obvious to the New York legislature and foreclosure lawyers in New York that there was a need for new and efficient ways to finalize a foreclosure in the state. The outcome was greater and evolved use of New York foreclosure settlement conferences, a mediation proceeding that…

Back to Basics: What Is a New York Foreclosure?

Are you facing New York foreclosure? What do you really know about the foreclosure and why the bank decides to foreclose on your property? Most people that come to Simon Haysom, LLC are uncertain how to define a foreclosure and concerned with the foreclosure process ahead. These worries and questions are not only common and…

5 Signs New York Bankruptcy Could Solve Your Financial Woes

New York bankruptcy feels like a major financial leap. There are risks to your credit score and financial future, and bankruptcy imposes plenty of restrictions and requirements on debtors that file in New York. Therefore, you want to be certain it is the right process for your financial situation. To help you determine if New…

Can You Negotiate to Postpone a New York Foreclosure?

Notice of an imminent New York foreclosure is frightening and overwhelming. Many property owners, particularly small business owners and homeowners, feel dismayed and helpless upon receiving an indication of foreclosure. However, fighting foreclosure is possible, and you shouldn’t feel like a victim as a New York foreclosure unfolds. In an earlier blog post, we discussed…

What Are the Requirements for Filing Chapter 7 Bankruptcy?

Filing for bankruptcy in New York is a complicated and tough decision. Many people see bankruptcy as a failure, but in reality, bankruptcy provides certain benefits for your financial situation. After all, individual bankruptcy was created to be a way to resolve the overwhelming financial debt, not make your financial situation worse. A Goshen NY…

4 Tips to Rebuilding Credit After a New York Bankruptcy

Filing for a New York bankruptcy has a long-term impact on your life. In some regards, this impact is for the better. Bankruptcy prevents future calls from debt collectors and lenders. After bankruptcy, you are able to start with a clean slate financially, and you don’t have the stress of overdue payments. However, other ramifications…

5 Things You Need to Know Before an NY Short Sale

As any Goshen NY foreclosure lawyer will tell you, sometimes it pays to fight foreclosure proceedings against your commercial or residential property. There are actually several options at your disposal to postpone or prevent a foreclosure, and the outcome of these alternatives can be financially and emotionally beneficial. One way to fight foreclosure is arranging…

 
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