What You Can Do If Your Debt Collector Violates the FDCPA
Is it a Good Idea for Seniors to File Bankruptcy?
3 Ways to Stop Creditor Harassment
Can I File for Bankruptcy in New York if I am Unemployed?
As many people lose their jobs to Covid-19, bankruptcy will provide an out that gets creditors out of the picture so that families may rebuild. There is absolutely nothing stopping you from filing bankruptcy while you’re out of work, and it may, in fact, be the best decision you ever made. There are, of course,…
Why You Should File Your New York Bankruptcy Now
Many people wait far too long to file bankruptcy cases they honestly need to file. Experts call this time “the sweatbox.“ We’ve even posted all the signs you might need to file here on our blog. You don’t always have to wait for the repossessions or the foreclosures to start happening. You don’t have to…
What Can Go Wrong During an NY Bankruptcy?
Less than 1% of people who try to file Chapter 13 on their own will manage to get a discharge. Less than half of people who try to file Chapter 7 on their own see their cases discharged. This is because bankruptcy cases are a lot more complex than people believe them to be, and…
What Happens to Student Loans in a New York Bankruptcy?
Few student loans are ever discharged in bankruptcy. A small percentage of the population will be able to get it done by proving “undue hardship” along with a long-running “good-faith” effort to get the loans paid back. Assuming you won’t be in that tiny percentage (less than 0.1% of petitioners even try), or that efforts…
Can I Include Medical Debts in a New York Bankruptcy?
A surprising number of people are uncertain about whether or not they can include medical debts in their bankruptcies. The truth is, medical debt remains the number one cause of bankruptcy. Once upon a time the medical industry would generally work with people who were having problems. They’d set up reasonable payment plans, or find…
Are You Waiting Too Long to File Your Orange County Bankruptcy?
Have you heard of the “financial sweatbox?” It’s the term for the period between getting into major financial trouble and choosing to file bankruptcy. Often, people try everything they can think of to avoid filing for as long as they can, thanks primarily to the stigma of filing at all. The American Bankruptcy Institute describes…
How Often Can You File Bankruptcy in New York?
Nobody plans to file bankruptcy twice, but it’s hard to get by in today’s economy. Covid-19 hasn’t made anything any easier, and some people are once again in dire financial straits through no fault of their own. The law does allow for multiple bankruptcies. If you have filed for Chapter 7 bankruptcy in the past,…
Expect Debt Collectors in Orange County to Get More Aggressive as the Pandemic Rages On
The pandemic has caused Great Depression levels of financial distress, but that doesn’t mean big corporations are planning on halting their collection efforts. If anything, they seem to be trying to step them up. Now is the time to be watchful, and to be ready to protect yourself if necessary. Aggressive Contact The only thing…
How Will Bankruptcy Impact Your New York Retirement Account?
Worrying about your retirement is smart. After all, your financial troubles aren’t likely to get any easier as you get older. Fortunately, you may have less to worry about than you think. If you’re imagining that bankruptcy will completely wipe out your retirement account, it’s time to breathe a sigh of relief. Bankruptcy doesn’t impact…
Can Bankruptcy Prevent You From Getting a Small Business Loan?
While some people bootstrap their way to a small business, about 40% of people get a loan to get started. If you have dreams of starting a small business you might therefore hesitate to declare bankruptcy, wondering if doing so will put an end to your dreams. Here’s good news: declaring bankruptcy is unlikely to…