Personal Bankruptcy

Long Island residents who are struggling to pay bills and have overwhelming consumer debt may be interested in some information about the types of personal bankruptcy available. Depending on a number of factors, one of the two types of bankruptcy…

People who file bankruptcy in New York often have questions about what can happen after the estate is closed and their debts are discharged. The bankruptcy discharge serves as a statutory injunction prohibiting any further action on the part of…

Bankruptcy is an issue that can affect individuals from all walks of life in New York, and misinformation can be one of the biggest challenges in regaining your financial footing if you are considering this route. You may view bankruptcy…

Constant contact from debt collectors can be frustrating or even frightening to people in New York. Because of abusive practices collectors have utilized, their actions are regulated by the Fair Debt Collections Practices Act, a federal law that prohibits certain…

Residents of New York may be interested to know that there is some protection against debt collection that is enforced by the Federal Trade Commission. Under the Fair Debt Collection Practices Act, debt collectors are restricted from harassing a debtor.…

When an individual files for bankruptcy, he or she may have to liquidate assets to pay off debt. While the liquidation process is an important part of bankruptcy, there are some assets that individuals need to have to survive. Fortunately,…

If a New York homeowner has received a notice of default from a mortgage lender, it likely means that the lender is beginning the foreclosure process. One strategy to attempt to stop the foreclosure is to file for bankruptcy. However,…

New York residents who are facing overwhelming debt from first or second mortgages may be interested in one way to find debt relief. One specific legal process may allow a homeowner to remove a lien on their home that is…

Levels of personal debt are high across the nation and many New York residents may be struggling with debt problems. For many people who are searching for a solution to debt problems, debt relief services may seem like an attractive…

Due to some common misconceptions about bankruptcy, many New York residents who could benefit from filing do not. Many believe that bankruptcy is an expensive process that will drag on for years and leave them without anything to their names.…