Chapter 7

Many people on Long Island, New York believe in the old adage that says health is wealth. However, rising medical costs can be a serious issue that can land a person in a pile of debt. In a report by…

Many Americans, including those from Long Island, New York, have been struggling with their personal finances since the Great Recession. The Great Recession began in 2009 and many people are still dealing with financial challenges due to unemployment, debts and…

Most advice about personal finance problems is simple and easy to understand, but following the advice is often much easier said than done. Acquiring debt can take place either quickly or gradually over time, and the accumulated amount can wreck…

Many Americans, including some from Nassau County look at agriculture as a profitable venture. However, just like any other business, farming has its ups and downs. When pests and natural calamities strike, farmers are more likely to encounter financial challenges.…

New Yorkers know how credit cards benefit their lives. A single swipe of the plastic allows cardholders to buy what they want, whenever they want. While credit cards are a convenient way to buy goods and services instead of having…

Since the Great Recession began, most Americans, including those from Long Island, New York, have tightened their belts. The increasing cost of household expenses and unemployment has subjected most people to financial challenges and many are eventually forced to declare…

In 2005, Congress made substantial changes to the bankruptcy code. The resulting law made filing for bankruptcy much more difficult for consumers including that a consumer debtor is required to meet the means test in order to qualify for filing…

Long Island businesses and individuals who are saddled with overwhelming debt may get their finances back under control through declaring bankruptcy. There are several types of bankruptcy under U.S. law, and one of the most effective is Chapter 7, or liquidation…

Long Island residents may remember Dionne Warwick’s’ voice as one of the most recognizable of the 1960s, in hits such as “Walk on By” and “Do You Know the Way to San Jose?” At 72, she still performs fairly regularly.…

Why are credit scores so important? The short answer is: lots of reasons. But if bankruptcy makes sense for you as a strategic way to deal with debt, the fact that it shows up on a credit report shouldn’t stop…