New York Bankruptcy for Freelancers and Gig Economy Workers

New York’s self-employed workforce has grown to include nearly 150,000 workers. Working for yourself brings a lot of freedom, but it also brings a lot of uncertainty. Many freelance or gig economy workers experience financial hardships. Fortunately, bankruptcy is available to these workers as well.  You just have to take extra steps. Income Verification Bring…

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How Are Debts to Family Members and Friends Handled During Bankruptcy?

31% of Americans say friends or family members owe them money. 40% of American households have serious financial problems. It’s inevitable that these two facts will clash sometimes.  Owing money to family members and friends can be draining, emotional, and heart-wrenching…especially when you know you’re going to have to file for bankruptcy. It’s very easy…

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Can Bankruptcy Help You Retrieve a Repossessed Car?

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…

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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…

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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…

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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…

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Will Bankruptcy Stop You From Getting a Job?

shaking hands

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…

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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…

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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…

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