Foreclosures, which are often followed by evictions, have been one of the most devastating consequences of the housing market crash. Natural disasters can make the foreclosure process even more trying for affected families. Fortunately, lenders sometimes halt foreclosures after natural disasters. In…
It seems that people seeking debt relief and trying to stop wage garnishment, protections afforded by the U.S. Bankruptcy Court system, may have to be a little patient while the New York region recovers from Superstorm Sandy. With the side…
A business bankruptcy may be a Chapter 7 bankruptcy or a Chapter 11 bankruptcy. A Ch.11 bankruptcy involves reorganizing the business and restructuring its current debts, rather than completely liquidating the business, as is the case with a Chapter 7 bankruptcy. As…
The Internal Revenue Service today alerted employers and other taxpayers that because Hurricane Sandy is designated as a qualified disaster for federal tax purposes, qualified disaster relief payments made to individuals by their employer or any person can be excluded…
To help distressed homeowners lower their monthly mortgage payments, the U.S. Departments of the Treasury and Housing and Urban Development established the Home Affordable Modification Program SM (HAMPSM) for mortgage loans that are not owned or guaranteed by Fannie Mae…
Despite their differences, both President Barack Obama and his opponent, Mitt Romney, enjoy wearing Hart Shaffner Marx suits, a brand owned by suit company HMX Group. Unfortunately, HMX Group has found itself in financial trouble, having to file for Chapter 11 bankruptcy…
Some lenders today will require that you at least try for a short sale before they will consider a Deed In Lieu Of Foreclosure. Some people are in favor of doing a short sale because – It’s not a foreclosure.…
Three organizations have issued a warning to Long Island homeowners regarding con artists who falsely promise to stop home foreclosure. According to the U.S. Department of Housing and Urban Development, the New York State Attorney General’s office, and Long Island Housing…
When a large corporation struggles through bankruptcy, it can often affect many areas of the business, including customer service and productivity. A Chapter 11 bankruptcy filing is often one of the more complicated forms of bankruptcy because it involves the…
The effects of the 2008 financial collapse are still being felt four years later as many homeowners struggle to stop home foreclosure. As many people know, New York, and especially Long Island, has been hit hard by the foreclosure crisis. Although…
Great Neck Office
98 Cuttermill Road
Suite 384N
Great Neck, NY 11021
Phone: 866-637-7300
Melville Office
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Melville, NY 11747
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Rockville Centre Office
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