Should I represent myself in NYC bankruptcy court?
The U.S. Courts might say it best on their website. “While individuals can file a bankruptcy case without an attorney or “pro se,” it is extremely difficult to do it successfully.” Filing for bankruptcy in New York is very complicated. Most attorneys will agree it is generally a bad idea to go it alone in […]
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 most common profession that files for bankruptcy in New York City?
Any consumer regardless of occupation can be driven to the point of bankruptcy if hit by the perfect financial storm. Unexpected medical expenses, overextended credit, income reduction and divorce continue to drive most bankruptcy filings. More bankruptcies are caused by these true financial hardships than by reckless or irresponsible spending, and bankruptcy filings tend to […]
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 […]
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 […]
What are the tax consequences of debt settlement?
Your financial situation is desperate, unpaid bills are piling up and the phone will not stop ringing with calls from your creditors. You finally notice one of the numerous debt settlement offers floating around that claims it can eliminate your debt for less than half of what you owe. This sounds great. You have never […]
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 […]
Does the cost of living in Manhattan drive people into bankruptcy?
Does the cost of living in New York City drive people into Bankruptcy? Unless you live in New York City it can be difficult to appreciate just how expensive it is to live here. A recent article from The Huffington Post revealed 10 areas in the United States with the highest cost of living. Manhattan […]
Does Chapter 13 Bankruptcy Last Forever?
Does Chapter 13 Bankruptcy Last Forever? Recently, a client came to my office and asked this question. He was well prepared and even brought his credit card statements for my review. As we reviewed his Visa, MasterCard and Amex statements I noticed the amount of time it would take to pay these cards off while […]
Will I Lose My New York Apartment in Bankruptcy?
Will I Lose my NYC apartment in bankruptcy? People who live in New York City recognize the value of an apartment lease. Often people pay one or two months of rent upfront, plus a security deposit, before they can begin an apartment lease. The ability to come up with so much money can be just […]