Bankruptcy

A taxi medallion owner, searching the Internet for options, called. "I heard you were helping a lot of people." He was living on the income from leasing multiple medallions. But he could no longer lease them all. 62 years old, a former driver, he was now caught in a...

His loan had matured last year and the bank presented him with a six-month extension, while they evaluated a new loan. He couldn't decide what to do. I evaluated his situation and recommended that he provide an accurate financial statement with his application, and...

Times are hard, and your paycheck seems to stretch thinner each week. Your mortgage, medical bills and credit card debt would be burden enough, but the student loans overwhelm you. Perhaps they are from your own education, but more than likely, you took them on for...

He retired several years ago and leased out his medallion to the garage, which got him drivers and a steady stream of income to pay his note, with change to spare. Now that the market has crashed and there are fewer fares it is hard to to find people to lease to....

Years ago when he refinanced his loan, he signed all documents requested at the closing. One of the documents was a "Waiver of Right to an Attorney". Another was a "Confession of Judgment". He didn't really understand what it meant. Now that he can't afford to make...

"I got your name last night at Kennedy Airport while the drivers were talking, waiting for fares. Someone else had been to see you and gave me your number." That is how our meeting started when he arrived with his older cousin and another relative, all taxi medallion...

His Divorce Lawyer suggested he call me about a bankruptcy to deal with $125,000 in credit card debt. It sounded like a good idea, but there were hidden risks that nobody else had noticed.  Although he was a half owner of the former marital residence, and would have...

Bankruptcy is a valuable option for those who are drowning in debt and can't see a way out. This debt doesn't just come from being irresponsible. Many Americans deal with overwhelming debt from medical bills after an accident, low wages after a job loss or debts with...

Due to the construction slump, his union furloughed him for a number of months after each job. What types of people seek bankruptcy help? His wife was lucky enough to be able to take pension and annuity loans to fill the gap. But after many years, her four...

To minimize their own risks, banks, credit unions and other lenders are now trying to be gentle with their borrowers at refinance time. They have been offering deals that sound good at first, such as longer terms, lower interests rate, or lower monthly payments. But...