New York residents who are in the process of bankruptcy may be facing the negative effects of a 2005 overhaul of the bankruptcy system, according to the American Bankruptcy Institute. Two panelists in an ABI webinar reported that the Bankruptcy…
As many New York consumers have found, filing for bankruptcy can often be an appropriate debt relief solution for those who are struggling with unmanageable financial obligations. Two primary types of bankruptcy are available for individual debtors, and knowing what…
Students in New York may have heard that it is not possible to get rid of student loan debts through bankruptcy; however, this is not necessarily the case. Only since the 1970s have laws been passed restricting an individual’s ability…
As many New Yorkers may know, the recent economic downturn took its toll on consumers. Owning a home might be a goal, but having a mortgage that is not payable due to losing a job strains both family relationships and…
Whether or not an individual is good with money, he or she is likely to experience financial problems at some point life. However, there are debt settlement strategies without doing unnecessary long-term damage to a credit score or history. The…
Many New York residents have felt the effects of the upturn in the national economy since the 2008 recession. The unemployment rate has fallen in many parts of the country, and one result of that has been that the number…
New York residents struggling to cope with an unmanageable financial situation are likely familiar with the sometimes dubious practices of debt collectors. Collection agencies are notorious for their relentless pursuit of unpaid bills, but they are required to operate within…
As New York households recover from the financial challenges of the recent recession, bankruptcy filings have begun to decline. One factor that has helped the nation to regain its financial footing is low interest rates, which have been maintained at…
Many New York residents who become overwhelmed by debt decide to file for bankruptcy. Even people who have earned millions of dollars can sometimes find themselves in a financial mess that they need help extricating themselves from. It was recently…
The U.S. Supreme Court has recently released its decision on a case involving the ability of bankruptcy judges to make determinations on matters involving state law. In Wellness International Network, Ltd. v. Sharif, the majority of the court ruled that…
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