How to Stop the Collection Letters I’m Getting in New York City
How to Stop the Collection Letters I’m Getting in New York City If you have creditors constantly mailing you debt collection notices don’t throw away another letter if you live in New York City. Many of these collection letters could be in violation of the Fair Debt Collections Practices Act (15 U.S.C. § 1692 –1692p) […]
Bit Coin Exchange Files Bankruptcy
Bit Coin Exchange Files Bankruptcy Global news sources confirmed last week that Mt.Gox, a leading BitCoin exchange, and once the world’s largest BitCoin exchange filed for bankruptcy protection in Japan after losing approximately half a billion dollars to hacking. The exchange is reported to have lost 750,000 of its users’ BitCoins as well as 100,000 […]
What Happens if Creditors Call Me After Bankruptcy In New York City?
What Happens if Creditors Call Me After Bankruptcy In New York City? The law is on your side. If your creditors continue to contact you in any way after being informed of your bankruptcy they will be violating the bankruptcy laws in New York City. Your bankruptcy discharge is absolute. You are free and clear […]
Will it Hurt My Spouse’s Credit if I File Bankruptcy in New York City?
Will it Hurt My Spouse’s Credit if I File Bankruptcy in New York City? One of the first questions we hear from our clients considering bankruptcy in New York City is whether or not their filing will hurt their spouse’s credit. The short answer is no. A credit score is unique to an individual and […]
Bankruptcy Court Loss Mitigation Programs in New York City
Bankruptcy Court Loss Mitigation Programs in New York City New York City is among a handful of places in the United States offering foreclosure mediation and loss mitigation as a part of the bankruptcy process. Both the SDNY (Southern District New York), and the EDNY (Eastern District New York) offer foreclosure prevention programs designed to help […]
Are Rent Stabilized Leases Assets in Chapter 7 Bankruptcy Cases in New York City?
Are Rent Stabilized Leases Assets in Chapter 7 Bankruptcy Cases in New York City? They can be, yes, but in New York City it is a complex and evolving situation still. Technically speaking, any lease could be considered an asset in a bankruptcy case, even a car lease for example, but with a car lease […]
Can Chapter 13 Bankruptcy Give Me a Fresh Start Like Chapter 7 in New York City?
Can Chapter 13 Bankruptcy Give Me a Fresh Start Like Chapter 7 in New York City? Yes, in fact Chapter 13 can actually provide the best and most complete fresh start, it just takes more time than a Chapter 7. In New York City, a Chapter 13 repayment plan is completed in 3-5 years whereas […]
What Chapter 7 Bankruptcy Lawyers in New York City Don’t Want You To Know
What Chapter 7 Bankruptcy Lawyers in New York City Don’t Want You To Know Chapter 7 bankruptcy can be the best solution for many people with serious financial problems in New York City, but a lot of people are persuaded into filing Chapter 7 when Chapter 13 would have provided a better result. In […]
Is Chapter 7 Still Available in New York City After 2005?
Is Chapter 7 Still Available in New York City After 2005? Many prospective clients considering bankruptcy protection in New York City have come into our office wondering if Chapter 7 bankruptcy is even still available after 2005. While congress did change some of the bankruptcy requirements with adoption of the Bankruptcy Abuse and Consumer Protection […]
Could my New York City House or Co-Op Get Foreclosed on in Bankruptcy?
Could my New York City House or Co-Op Get Foreclosed on in Bankruptcy? If you have fallen behind on your mortgage payments your house or co-op in New York City could be at risk of foreclosure. Unless you can come up with the overdue mortgage payments and find a way to start making the payments […]