Bankruptcy Law

‘Too Little Too Late’: Bankruptcy Booms Among Older Americans

Tuesday, August 7th, 2018

For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy.   The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for years. Now, new research sheds light on the scope of the problem: The rate...  read more

Bankruptcy – What Will it do to Your Credit?

Sunday, July 1st, 2018

Sometimes, it may seem like bankruptcy is the only option you have at the moment. However, it’s important to remember that bankruptcy isn’t something that’s done and over with in a matter of months. It’s something that will continue to affect you for years to come. While bankruptcy will stand on your credit report for...  read more

Signs That It Is Time to File for Bankruptcy

Wednesday, June 27th, 2018

When you are in over your head with credit cards or medical bills are piling up, you may think going bankrupt is your only way out. However, bankruptcy is only meant to be a last-resort option. So when the medical bills, rent, and unpaid mortgage starts bringing auctioneers to your door, it may be time...  read more

The Pros and Cons of Filing for Bankruptcy

Friday, June 1st, 2018

In order to relieve you from debts and help you start afresh financially, federal laws have a provision allowing individuals and businesses to file for bankruptcy. When you file for bankruptcy, you are basically stating that you are unable to clear your debts and that you would like to forge into a new future without...  read more

When Should I File for Bankruptcy?

Friday, January 19th, 2018

Deciding to file for bankruptcy can be one of the most challenging decisions to make. While filing for bankruptcy can help you get out of crippling debt, it also isn't without consequences. This means you need to seriously think about whether or not bankruptcy is the right option for you.   Let's take a look...  read more

Bankruptcy FAQ Part 1

Monday, October 16th, 2017

If you're considering filing for bankruptcy, you probably have more than a few questions. The bankruptcy process can be difficult and confusing, so it is important to fully understand what bankruptcy looks like before you file. To help you develop a better understanding of what it means to file for bankruptcy, we've answered a few...  read more

Chapter 7 Bankruptcy Overview for Brooklyn Residents

Sunday, July 16th, 2017

Filing for Chapter 7 bankruptcy can be one of the best ways to get out of unmanageable debt, but it isn't an option for everyone. As a way to discharge your debt, Chapter 7 allows you to get out from under the weight of extremely high payments - but only if you properly qualify. There...  read more

Beware of Credit Repair Scams

Wednesday, July 6th, 2016

Credit Repair Scams If you’re on the verge of filing for bankruptcy, you may be looking for any kind of quick fix that can get you out of the confusing and scary situation you’re currently in. But although you may be feeling overwhelmed, don’t allow yourself to fall victim to the many scams that are...  read more

Bankruptcy: No One is Immune to Money Troubles

Wednesday, October 21st, 2015

Filing for bankruptcy may be more common than you think; even Republican presidential frontrunner and real estate tycoon Donald Trump has filed for bankruptcy – four times!   “The Donald” may not have filed for bankruptcy personally, but his company has had its fair share of experience with Chapter 11, having declared corporate bankruptcy in...  read more

Can I Keep My Brooklyn Home if I File for Bankruptcy?

Saturday, September 12th, 2015

Filing for bankruptcy can be scary, especially if you are unsure if you will be able to keep your home. In order to determine whether or not you will be able to stay in your house or move to a new one depends on the following factors.   The Home’s Value If you’re considering declaring...  read more