Bankruptcy

Chapter 13 bankruptcy is for people with large debt or for companies that need to re-arrange their finances. You have to pay the debt back but you can pay it back, or part of it back, in monthly installments for three to five years. Most of the debt will be pooled...

If you're filing for Chapter 11 bankruptcy in New York, you likely still have a reliable income stream. Your debt just doesn't match your income as well as you'd like. You need to reorganize to find an affordable payment plan and a way to run your business so that you...

If you served in the armed forces, you know that the G.I. Bill gives you some specific benefits. Included is the option to apply for a VA loan. You can then use this to buy a home; it's a way of helping soldiers integrate themselves back into civilian life. For many...

You may want to use Chapter 7 bankruptcy in New York, but that doesn't mean you're automatically eligible. You may have to choose another type, such as Chapter 13. The following are a few things that could mean you're ineligible. 1. You make too much money. To...

The New York City Opera had to put in a bankruptcy filing over two years ago, unable to make ends meet. In a city so centered around culture and the stage, it's no surprise that two groups have stepped forward with revival plans to get it going again. Now it looks...

Perception and truth can be very different. You, like other New York consumers, may feel bankruptcy is a reflection of poor money management. You wouldn't be wrong in some cases, but the bulk of bankruptcies are caused by something many consumers cannot control --...

Federal courts have been established specifically to help New York consumers and businesses overcome extraordinary financial problems. Attorneys help debtors determine which type of bankruptcy will result in the most beneficial outcome. Legal advisers also provide...

Some New York residents may remember a time when A&P was their family's go-to grocery store. Known as the Great Atlantic & Pacific Tea Co, A&P once controlled 4,200 food stores nationwide. That was long ago, in the middle of the last century, before...

The repossession of a home can be disastrous on several levels, from a homeowner's seriously damaged credit rating to the displacement of a family. However, mortgage lenders are no different than other creditors. Lending institutions want their money and take action...

Credit reports and ratings are used by financial institutions and employers to determine whether New York consumers are creditworthy. Consumers invest a lot of energy in making sure credit scores are high to avoid credit, loan and job rejections. A credit report may...