Can I buy a home after bankruptcy in New York City?
Can I buy a home after bankruptcy in New York City? People considering bankruptcy are often surprised when we tell them that they can buy a home after bankruptcy and that sometimes filing for bankruptcy can even make it easier to buy a home. In fact, for some people it’s actually the fastest path […]
Do I need to File Bankruptcy on Inherited Debt in New York City?
Do I need to File Bankruptcy on Inherited Debt in New York City? We often meet with clients for the first time in New York City that have waited to file bankruptcy because they were worried about how their inherited property would be affected. The concern makes sense, especially if the property is shared with […]
What Is Debt Reaffirmation in Bankruptcy in New York?
What Is Debt Reaffirmation in Bankruptcy in New York? When you agree to debt reaffirmation in bankruptcy you are promising to repay a loan that would have otherwise been discharged in the bankruptcy process. Since the purpose of bankruptcy is to provide you with financial relief by eliminating your debts entirely, as a general rule […]
Should I File For Bankruptcy Before or After Foreclosure in New York?
Should I File For Bankruptcy Before or After Foreclosure in New York? In today’s turbulent economic times many Americans still have extremely depressed home values after the collapse of the housing bubble. A lot of people are underwater on their home loans owing considerably more than the home’s current market value. Unmanageable credit card debt […]
Can my Doctor or Hospital turn me away/stop treatment if I Declare Bankruptcy in New York?
Can my Doctor or Hospital turn me away/stop treatment if I Declare Bankruptcy in New York? More personal bankruptcies are spawned by health problems than any other financial issue in New York. Unmanageable medical bills are responsible a large number of bankruptcy filings so our clients will often ask about what will happen to their […]
Can Bankruptcy Eliminate a Second Mortgage in New York?
Can Bankruptcy Eliminate a Second Mortgage in New York? With the downturn in the economy after the housing crisis, many homeowners in New York and around the nation found themselves upside down on their home loans. Home values for millions plummeted to below the amount of their mortgages leaving them with no equity in their […]
Should I Change Banks Before Filing For Bankruptcy in New York?
Should I Change Banks Before Filing For Bankruptcy in New York? There are many good reasons for changing banks prior to bankruptcy, so when we initially meet with a client this is often one of the first things we will advise them to do. Changing banks is usually smart, but don’t confuse this with taking […]
Can I keep the Credit Cards I Pay off before I file for Bankruptcy in New York?
Can I keep the Credit Cards I Pay off before I file for Bankruptcy in New York? Consumer bankruptcies are filed in order to eliminate credit card bills, medical bills, and other toxic debts. Most of our clients in New York are happy to get rid of their credit cards in their bankruptcy knowing they […]
Will it soon be Easier to Discharge student loan debt in Bankruptcy in New York?
Will it soon be Easier to Discharge student loan debt in Bankruptcy in New York? Responding to baseless claims that too many students would want an easy way out of their student loans congress prohibited federal student loans from being discharged in personal bankruptcy except in cases where a severe undue hardship could be […]
Can I go to Jail in New York City if I Don’t repay my Payday Loan, Credit Cards or other Debt?
Can I go to Jail in New York City if I Don’t repay my Payday Loan, Credit Card bill or other Debt? Being in debt can certainly feel like a prison. Unlike some countries around the world however, in the United States a debtor cannot be put in jail for defaulting on a Payday Loans, […]