Chapter 7

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…

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 a bankruptcy myth 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…

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 —…

One of the prevailing myths about bankruptcy is that since you are going to eliminate your debt anyway, you might as well spend frivolously for a month or two before you file. For instance, perhaps you have a credit card…

You have over $20,000 in credit card debt. You are thinking of using Chapter 7 bankruptcy to get a fresh start. What you want to know is whether or not the credit card companies can still come after you for…

People who file for bankruptcy often feel alone. They do not want to talk to other people about it. They feel like no one else is dealing with the same financial issues. It seems like everyone else has a great,…