3 Ways to Stop Creditor Harassment
Bankruptcy and Tax Debt: What You Need to Know
What is the Role of Credit Counseling in Bankruptcy?
5 Bad Ways to Manage Bad Debt
If you’re drowning in credit card and collection debt you can’t be blamed for being stressed out. There are plenty of institutions, companies, and people who will happily take advantage of that stress by urging you to take actions which will not serve you. Here are a few of those actions, and why you should…
Can I Keep My Rental Property in a New York Bankruptcy?
Even small business owners and property owners run into financial trouble sometimes. Your rental property is a big investment and maybe even a big part of your income. Can you keep it? Of course, the answer is, “it depends.” Your rental property may be exempt. In a Chapter 7 bankruptcy we can avoid having your…
Can I Buy or Sell a House During a New York Bankruptcy?
Even when you’re filing for bankruptcy you’ll still need a place to live. It’s pretty common for people to want to buy or sell their homes at some point during the bankruptcy process, especially during Chapter 13 bankruptcies which can last 3-5 years. You generally would not try to sell a home or buy one…
What to Do if You Can’t Afford Bankruptcy in New York
Some people do not file for bankruptcy because they feel they cannot afford to do so. After all, bankruptcy comes both with court fees and with legal fees. When they’re added all together those numbers can be very intimidating, especially for people who are already in a state of financial distress. Yet if you do…
Can I File Bankruptcy Without My Spouse?
There are many reasons why a married person might wish to file bankruptcy without their spouse. This is absolutely legal and may even be a good strategic move for some families. Here’s what you need to know. What happens when only one spouse files for bankruptcy? The automatic stay still applies to all debts covered…
How to Verify a Debt Collector is Legitimate
It’s sad but true: there are many scammers out there who try to prey on people who have financial problems. Debt collection scams are prolific! Often it doesn’t make a lot of sense to pay debt collectors anyway, but if you are going to pay them it is a good idea to make sure they’re…
If an Account is Charged Off, Do You Still Have to Pay It?
If you’ve followed the advice to check your credit report on an annual basis you might have found some accounts that have been marked as “charge-offs.” You may already know that this means the account has been written off on the original creditor’s taxes. The primary creditor has chosen to avoid pursuing the account. Unfortunately,…
When Does It Become Absolutely Critical to File for Bankruptcy?
When your finances become tight there is certainly a point where you might be able to get out of debt without filing for bankruptcy. There are various methods, from paying down the debt with the highest interest rate first, to Dave Ramsey’s “debt snowball” method. Yet there are some times when it becomes absolutely critical…
5 Issues that Can Tank Your Chapter 7 Bankruptcy
If you know you are going to be filing Chapter 7 bankruptcy in the future then there are some actions that you’re going to need to avoid taking to ensure that your case smoothly. Here are five issues that can cause problems for Chapter 7. Side Hustles When you get into financial distress you might…
Can Bankruptcy Help with Back Taxes?
While many people will enjoy a refund after they file their 2021 taxes, some will be hit with a big tax bill instead. This most often happens to small business owners, freelancers, and independent contractors who might not have been able to pay their monthly expenses and pay exorbitant quarterly tax bills too. Obviously the…