If your business is facing financial hardship, you’re probably trying to find a way to alleviate your debt obligations and return to stable operations. It’s not an easy task, but you might be able to leverage the bankruptcy system to…
Many New Yorkers have credit card debt, car loans, mortgages, personal loans, medical debt, and other forms of debt. Most of the time, carrying these types of debt isn’t so bad. However, circumstances in life can change and sometimes they…
When you file for Chapter 7 bankruptcy under Chapter 7 of the U.S. Bankruptcy Code, you have two main goals. The first is to stop your creditors from bothering you. This is accomplished as soon as you file and the…
We are living during a time when the cost of living is increasing, mortgage rates are rising, grocery inflation is pressing and a hospital trip can become financially devastating. If you find yourself considering bankruptcy as a result and decide…
When living in fear of debt and potential financial collapse, we all think of ways out. Perhaps, you thought about bankruptcy, but are afraid you will have to start over again after. This may lead some New Yorkers to wonder…
Why do bankruptcy cases sound like Dickens novels? Chapters are named after their place in the United States federal bankruptcy code. While they may not be as interesting as those novels, they can offer people a financial lifeline when they…
The United States is drowning in medical debt. According to the Kaiser Family Foundation, Americans owe more than $200 billion in medical debt. Four in 10 Americans have some form of health debt. Half of that debt is on our…
The marriages of many Long Island couples suffer from financial distress. Many might even think that financial problems and divorce go hand-in-hand, although of course marital problems are usually complicated and have many causes. Because so many New Yorkers with…
In New York, Chapter 11 bankruptcy is frequently viewed as an option for large companies that are experiencing widespread financial challenges. It offers businesses various strategies to get on stronger financial ground while staying in operation. For many, Chapter 11…
A recent change to the bankruptcy code could increase the number of filings by expanding protections to self-employed persons. President Biden recently signed legislation that extends by two years the debt limit for individuals filing under Chapter 13, also known as the…
Great Neck Office
98 Cuttermill Road
Suite 384N
Great Neck, NY 11021
Phone: 866-637-7300
Melville Office
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Suite 25
Melville, NY 11747
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