What does a bankruptcy plan include?

Chapter 13 bankruptcy involves creating a repayment plan you will use to repay your creditors. This is different from filing Chapter 7 bankruptcy in New York where you liquidate your assets to pay back your debts and the court then dismisses any remaining debt. The...

What are priority debts?

When you file Chapter 13 bankruptcy in New York, you will have to create a repayment plan. This plan sets out a schedule for repaying your creditors. Your plan may not repay every creditor nor may it repay each debt fully. However, your plan will need to follow the...

Debunked – Common bankruptcy myths

Like many in New York who find themselves struggling with overwhelming debt, you may shy away from filing for bankruptcy due to the potential immediate and long-term consequences. Bankruptcy is not a step you should take lightly, but much of its frightening reputation...

How can I handle my debt?

Either due to poor financial decisions, unexpected medical costs, or other occurrences, debt can add up fast for many people. At some point, the issue may seem insurmountable and even cause a great deal of mental distress. Fortunately, there are a number of effective...

Are Medicaid trusts a good idea?

You and your spouse have been discussing your estate. You both have health issues. If you don’t take care of your health, you could lose your life savings. If you were able to qualify for Medicaid without spending everything you own, this could be a solution for you....

What are bedsores?

When you leave your loved one in an elder care facility, you would hope that means they will get the best possible care and attention. Unfortunately, that is not always the case. But sometimes, it is hard to pinpoint when, if and how your loved one might have faced...

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