Financial troubles and marital issues often occur in tandem, making many New York residents wonder if it’s better to file divorce or bankruptcy first. If it looks like both are on the horizon, you can take steps that help you complete each process as smoothly as...
Month: November 2020
Automatic stay: What you should know?
If you are currently struggling with overwhelming credit card, medical or mortgage debt, you know first hand the difficulties of dealing with harassing creditor’s calls. Once you have missed a payment or have fallen behind on financial agreements, creditors often...
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...
