An irrevocable life insurance trust (ILIT) is a type of trust someone creates during their lifetime. The trust owns and controls a permanent or term life insurance policy for another person’s benefit. It can also manage and distribute proceeds according…
When people in New York run into financial trouble, they are often left wondering what they can do about it. Many are reluctant to file for bankruptcy because they have misconceptions about the process. For example, those who own a…
Businesses in New York have value in different ways. They have a revenue stream based on the amounts they collect from their customers and clients. They also may own property, equipment and other property of value, which will add to…
Debt can be a cyclical problem. You might be able to get on top of your bills one month but fall into a hole the next. Whether it is due to growing medical bills, a lost job, poor budgeting or…
Most people in Brooklyn and on Long Island can probably guess that, even in bankruptcy, federal income taxes get special treatment. Because they are legal obligations and because governments rely on tax revenue to operate, it probably comes as little…
Like everywhere else, starting or running a small business on Long Island is always a financially risky endeavor. Smaller operations are often more sensitive to swings in the legal environment, the economy or the local market. Even some slight changes…
When you are drowning in debt, bankruptcy is top of mind, especially when creditors bombard your mailbox, email and cellphone daily. They constantly remind you that you owe money. There is never a reprieve, never a moment of rest. However,…
Many people have the misconception that filing for bankruptcy is a chance to escape any financial troubles you may be facing. However, it is not quite that simple. Before you decide to file for bankruptcy, you should consider both the advantages…
Many borrowers benefited greatly from recent student loan repayment forbearance instituted in response to the growing public health and financial crisis. Still, not all good things last forever, and soon borrowers will have to start repaying their student loans. Exactly when…
Filing for bankruptcy and having your debts discharged could be one of the best decisions you have ever made. You are ready to start over without the burden of overwhelming debt. Although bankruptcy was the right choice for you, you…
Great Neck Office
98 Cuttermill Road
Suite 384N
Great Neck, NY 11021
Phone: 866-637-7300
Melville Office
445 Broadhollow Road
Suite 25
Melville, NY 11747
Phone: 866-637-7300
Rockville Centre Office
371 Merrick Road
Suite 303
Rockville Centre, NY 11570
Phone: 866-637-7300
Brooklyn Office
8804 4th Avenue
Brooklyn, NY 11209
Phone: 866-637-7300
Armonk Office
80 Business Park Drive
Suite 207
Armonk, NY 10504
Phone: 866-637-7300
London Office
Carrington House
6 Hertford Street
London, UK W1J7RG
Phone: 866-637-7300
London: 44-7307-155-001
