Can creditors legally call me after bankruptcy?
You recently filed for bankruptcy thinking it would eliminate your debt and bring you a financial new beginning, but the creditors are still calling, and won’t leave you alone even though they know you have filed. The phone keeps ringing at home, and now they are even calling you at work. You feel frustrated and […]
Is my New York City shopping spree dischargeable in a bankruptcy?
One last splurge on 5th Avenue? A final blow-out at Lord and Taylors or Saks? Many consumers are tempted to rack up their credit card debt in a last frenzy right before filing for bankruptcy. Seeing as they are going bankrupt anyway, they may see it as a good idea to take their debt to […]
What is the cost of Chapter 7 Bankruptcy in New York City?
Chapter 7 is the most common type of consumer bankruptcy. It is the most straightforward bankruptcy filing, and is the option of choice for those with no assets. The cost for a chapter 7 filing varies with attorney fees and with the complexity of your particular case. Some will attempt to file for Chapter 7 […]
Do Bankruptcy attorneys accept payment in installations?
If you are considering a bankruptcy you are obviously experiencing some major financial hardships. You may have come to the conclusion that bankruptcy is the right course for you, but now realize you’ll have to find a way to pay for the bankruptcy too. Sadly, in this day and age many consumers feel too broke […]
Can my divorce obligations be discharged in a bankruptcy?
If you are divorced or recently separated from your spouse you may be wondering if the debts resulting from the judgments in your divorce can be discharged in a bankruptcy. As you weigh your bankruptcy options it is important to bear in mind that the judgments and agreements established in a divorce create the future […]
What happens to a rent controlled lease in Bankruptcy?
Background: New York current rent control program began in 1943 and in 1974 the Emergency Tenant Protection Act began the regulation of rent-stabilized apartments in New York. Under these laws a landlord is only allowed to raise rent by a certain amount each year based on improvements. However, if the rent is legally raised to […]
How to modify a 2nd mortgage using Chapter 13 bankruptcy
One of the best benefits of chapter 13 Bankruptcy is the leverage it gives us when dealing with mortgage companies. In many cases we can not only modify but even completely wipe out second and third mortgages. This process is called lien stripping. It is important to recognize that almost all judges in New York […]
Who is the best bankruptcy attorney in NYC?
Who is the Best Bankruptcy Attorney in NYC? In New York City there are just about as many lawyers as there are restaurants. And with such a grim economy there are quite a few New York Bankruptcy Lawyers. This post is designed to give you an idea of what to look for with a Bankruptcy […]
National Mortgage Settlement Summary
According to the National Mortgage Settlement web site, 49 state attorneys general and the federal government reached agreement to settle a long-running dispute with the country’s five largest loan servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo. The settlement will provide as much as $25 billion in relief to distressed borrowers and […]
Think Twice Before Using a Bankruptcy Petition Preparer
If Your Debts Are No Longer Manageable, Hire a Bankruptcy Lawyer, Not a Petition Preparer If you live in New York City and you are considering using a Paralegal or Bankruptcy Petition Preparer use caution. First of all, do not give any such preparer a consulting fee. Often these paralegals will take the fee and […]