Chapter 13

Determining whether to file for bankruptcy is one of the most difficult decisions many people make. Bankruptcy should be a last resort, as it will impact your credit for a number of years. However, it will help you get a…

The number of senior citizens filing for bankruptcy has increased by more than 200 percent in less than three decades. Social scientists who have studied this phenomenon point to a number of factors, including the rise in health care costs…

One of the largest sources of debt for many Americans is student loans. Many are still paying off loans decades after they finished college or graduate school. As you’ve likely read or been told, it’s very difficult to discharge student…

If you’re considering filing for bankruptcy, then you may have heard the terminology “wage earner’s plan” thrown about. This phrase is just another name for a Chapter 13 bankruptcy. It’s a simple way of describing what’s involved in filing for…

Making the decision to file a Chapter 7 or a Chapter 13 bankruptcy is difficult. One of the most powerful elements of bankruptcy that helps people make this decision is the promise of an automatic stay. This means an almost-immediate cessation…

Some of the things that truly matter in life often come with a slew of myths and misconceptions. Chapter 7 and Chapter 13 bankruptcies are no exception to this concept. Many of the ideas about bankruptcy that frighten Long Island…

Living as a senior citizen in New York can be enjoyable for so many reasons. It can also be quite scary if your financial situation is in ruins. Just because you’ve worked your entire life doesn’t mean that your finances…

Bankruptcy is becoming more common among senior citizens. In fact, according to a new report from the Consumer Bankruptcy Project (CBP), the rate of new bankruptcy filings among people who are at least 65 years old has doubled since 2013. The…

You have been considering bankruptcy, but you really do not like the idea of liquidating your assets with Chapter 7. You want to keep them. Is that possible if you opt to use Chapter 13 instead? It is. This is…

The point of Chapter 13 bankruptcy is to give you affordable payments to pay off what you owe. These are due on a monthly basis. As such, you need to have a budget and stick to it. You do not…