A Tradition Of Caring And Compassionate Representation For Staten Islanders
If you are a small business owner in New York struggling with cash flow issues, you are not alone. A bankruptcy petition may provide relief and help your business survive a setback. Under certain circumstances, the court may require you to use your personal income...
Going through Chapter 7 bankruptcy can be daunting, but starting with a clean financial slate can help you move forward with confidence. However, one of the big negatives of a Chapter 7 bankruptcy is the effect that it has on your credit score. To this end, many...
What will happen when: your employer gets its Paycheck Protection Program money, but your company has no customers? your $600 federal unemployment supplement expires?Coronavirus Economic Crisis: CARES Act makes Chapter 7 Bankruptcy Easier You have to stay home to...
Making the decision to file bankruptcy can be a difficult one. However, declaring bankruptcy can be your first step toward a secure financial future. One of the major concerns people have with bankruptcy is the potential situation of losing their home. While it is...
When a New York resident is down on their luck and falls into debt, what happens? There are several options out there for those seeking debt relief. One of these options is bankruptcy. Today we will look at Chapter 13 bankruptcy in particular. This type allows you to...
Chapter 11 bankruptcy is similar to Chapter 13 in that each involves a reorganization of your debt to pay off creditors over time. However, unlike Chapter 13 bankruptcy, Chapter 11 is available to businesses as well as individuals. In that respect, it is similar to...
Filing bankruptcy may leave you feeling a little weary when it comes to credit. You may not wish to get back into debt anytime soon. However, you should start to think about rebuilding your credit soon after your bankruptcy discharge. You will need to strengthen your...
If you fall behind on your mortgage payments due to overwhelming debt, your lender may initiate foreclosure. However, you may be able to stay in your home by filing for bankruptcy. Chapter 13 bankruptcy allows you to repay your creditors over a certain period of time,...
Small Business Chapter 11 (Sub-chapter V) is a great tool if you have not transferred any assets to others, removed your name from ownership documents, or made substantial payments to friends and family. If you have, then careful analysis and timing of any bankruptcy filing will make the difference between success and failure.
Millions of people in New York and across the United States live with credit card debt. According to the 2019 study of credit card debt in American households, citizens reached $466.2 billion in card balances carried from month to month. This showed a 37% increase...
