A Tradition Of Caring And Compassionate Representation For Staten Islanders
As the value of medallions drop, owners are worried about possible bankruptcy, losing their livelihood and their homes. Faced with balloon payments, demands to refinance, and requests for mortgages on their homes, all coming from their lenders, drivers are not sure...
Millennials frequently face financial issues for two major reasons: they are entering the workforce during an economic downturn and are often uninformed about how credit works. You may not be able to do anything about the economy personally, but you can take charge of...
New regulations proposed by the Consumer Financial Protection Bureau are expected to bring forth the most significant federal changes governing debt collection in more than 40 years. Many consumers deal with harassing calls and letters from creditors. Fortunately,...
The statistics on bankruptcy may seem alarming, but the reality is that people do not choose bankruptcy - sometimes it is inevitable due to particular life circumstances. If you are confronting financial trouble, we know that it is not because you are irresponsible....
How much will you leave to your children? Retirees commonly find themselves up against a financial paradox: Their medical bills and other living costs increase sharply, as their income and savings diminish over time. For many, this means cutting back on certain...
Tax professionals regularly refer their clients to me to determine if any tax liabilities can be discharged in Bankruptcy. Here are the general rules Sales tax and Payroll taxes that a business withholds are non dischargeable. Income taxes that are not filed are not...
Divorced at a young age, she raised her daughter on her own. Now retired and living in her daughter's home, she has accumulated $16,000 in credit card debt. Try as she may, she has been unable to pay off this debt with her pension and social security. I determnined...
This is a hard question, and the answer is "it depends". Home Equity: Each owner on a deed is entitled to a "homestead exemption" which is currently $165,500 in NYC. If one joint owner dies, then the survivor will only have one exemption. Thus, if the house has...
No two people have the same financial situations, which also means no two people handle their debts the same way either. It's a fact not lost on people in New York where the sudden loss of a job or serious illness or injury could just as easily create a challenging...
An elderly couple worried that they would lose their home because the could not affort the co-pays and co-insurance not covered by Medicare. They lived a comfortable life for many years after retirement by getting a reverse mortgage. But now in their 80's, they both...
