Chapter 7

For most people, the thought of filing a Chapter 7 bankruptcy is frightening. The process is shrouded in a great amount of negativity, and although some of the negativity is true, some of it is false. We have found that…

If you declare bankruptcy, one of the things you may naturally worry about is how that filing is going to impact your ability to earn a living. You know that Chapter 7 means liquidating assets. However, are you going to…

If you’re a Long Island resident who is contemplating filing for bankruptcy, your debts may have accrued from many sources. Credit card debt, personal loans and student aid obligations can all take a huge chunk out of your disposable income.…

You have a great business idea, but you have too much debt to get it started right away. You decide that you’re going to file for bankruptcy, eliminate your debt and then start the company. How soon can you do…

Financial mistakes are pretty common. As much as everyone wants to be in control of their finances, life has a way of getting out of control. Sometimes, it just takes one small mistake. Other times, a series of chronic mistakes…

You may have heard that Chapter 7 bankruptcy cannot be used to get rid of student loans. While that is true for many people, it is not 100 percent accurate in all cases. While most student loans stand even through…

You want to use Chapter 7 bankruptcy to eliminate your debt, but you worry that it will destroy your credit rating. This will make it hard for you to buy a car, something you absolutely need to do for work.…

Bankruptcy myths abound, and they can often give people the wrong idea about the process. It is time to break down at least one of those myths to show exactly why it does not hold up. The myth is simple: Bankruptcy is…

Worried that your credit score will drop after you file for bankruptcy? That is one of people’s most common concerns, but do not worry that it has to last forever. There are plenty of things you can do to rebuild…

You want to file bankruptcy alone, without your spouse, hoping to shield him or her from the impact as much as possible. Your debt may still impact your spouse. For one thing, if you have a joint credit card —…