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…

How to Prepare For Your Free Bankruptcy Consultation

Here at Haysom Law we offer a free consultation to clients who are contemplating bankruptcy. We wanted to give you some guidelines on how best to prepare for that consultation, what you should be asking, and what factors might impact your bankruptcy case. Use this step by step guide to make your meeting as productive…

Are You Languishing in the Pre-Bankruptcy “Sweatbox?”

Most people wait too long to file for bankruptcy. They struggle for many years to pay off or pay down their debt. As they do, they don’t make much progress on fixing their credit reports but they do increase the bottom line of predatory lending companies by giving them the power to charge high interest…

What is it Like to Live on a Chapter 13 Budget?

Inviting the court to have a say in your personal and financial life is definitely scary, and many of our clients come to us feeling a little bit reluctant to enter into a relationship with a Chapter 13 trustee. Yet among those who file for bankruptcy not everyone will meet the rather rigid requirements of…