New York Law Blog
What will likely happen following Chapter 13 bankruptcy?
You have probably looked into what you must do to complete your Chapter 13 bankruptcy, like composing a repayment plan and making payments to your trustee as your repayment schedule dictates. It is also important to keep in mind the events that will likely take place...
Bankruptcy court, step one: analysis
Your success in bankruptcy would depend on many things. Commitment, financial management skills, effective planning and taking full advantage of all available exemptions, to name a few. However, one of your first steps will probably be analyzing your financial...
How out of control is medical debt?
All over the country, regardless of income level or even insurance coverage, healthcare costs went up. Unfortunately, it has become a common reason why many Americans have less money. Medical debt can contribute to bankruptcy fears. How common is medical debt? In the...
Do you automatically lose your home if you file for bankruptcy?
Many people across New York are struggling to stay on top of their finances, and if you are among them, you may be considering bankruptcy. A personal bankruptcy filing, such as a Chapter 7 or 13 bankruptcy, may help you get a fresh start and a better grip on your...
How do Chapter 7 and Chapter 13 bankruptcies differ?
When your finances spiral out of control and you have little, if any, chance of getting back on track within a year, you may want to consider seeking relief through bankruptcy. Depending on how much disposable income you have available, among other variables, you may...
How does Chapter 11 handle unprofitable leases?
If your business seems headed for financial insolvency, the problem might be your leases. Like other businesses, you enter into leases with landlords to set up your business locations across your community. But if one or more of these locations does not draw in a...
Credit cards after Chapter 7
If you are going through Chapter 7 bankruptcy, it is likely that getting new credit cards is the last thing on your mind. However, there are ways that you can leverage certain varieties of credit cards to help you on the path of rebuilding your credit in the aftermath...
What affects your credit score the most?
Before a lender can offer you money, he or she will check your credit score. Forbes explains that your credit score helps lenders determine whether you are a trustworthy borrower. Your credit score can be anywhere between 300 and 850. The higher your score, the more...
Should you reaffirm your loan?
If you are struggling with overwhelming debt, you are certainly not alone. Millions of Americans feel buried beneath a pile of medical expenses, credit card debt, mortgages and loans they cannot afford to pay. Chapter 7 bankruptcy offers a way out of that situation....
Are you suffering from debt collector harassment?
New York residents like you may have fallen into debt for various reasons. As you struggle to get back out of debt, the last thing you need on your plate is a debt collector knocking down your door. While most debt collectors obey the anti-harassment laws, this is not...
