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I’m a Little Behind on Bills – Should I File Bankruptcy?

Friday, October 19th, 2018

You’ve missed a few payments on your credit cards. You’re a month behind on one of your utility bills. You’ve told your landlord you absolutely will be able to pay your rent…it will just be two weeks late. If you’re in this financial situation and there doesn’t seem to be any solution in sight, is...  read more

I’ve Filed for Bankruptcy Once – Should I Do it Again?

Wednesday, September 26th, 2018

Bankruptcy is a chance for you to get your finances in order and, if all goes as intended, emerge in a stronger place than you were. But for some people, life doesn’t make it easy. You may find yourself dealing with unexpectedly losing your job, large amounts of medical bills, or even losing a very...  read more

I Believe an Individual’s Will Isn’t Correct – What Can I Do?

Saturday, September 15th, 2018

If a loved one has recently passed away and you believe something about their will isn’t right, the legal action you need to take is call contesting the will. While contesting wills is somewhat common, you can’t simply do so because you think something isn’t right. Your claim has to be based on one of...  read more

I Want to Give My Estate to Charity – How Do I Do That?

Friday, August 31st, 2018

If you don’t have anyone to leave your estate to or believe strongly in a specific charity, you can leave your estate to that charity. This involves creating a charitable remainder trust or CTR. While a CTR is similar to other trusts in some ways, it does have a few notable differences. For one, it...  read more

‘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

How the Tax Reform Affects Your New York Estate Plan

Monday, April 23rd, 2018

When we hear about tax changes, we almost always first think of how it affects our income. However, income isn't the only thing that a new tax plan can influence. In fact, tax reforms can also have an impact on your estate plan.   If you expect to leave behind a large amount of money...  read more

New York Bankruptcy Means Test Changes 2018

Monday, April 16th, 2018

In order to file Chapter 7 bankruptcy in New York, you must first pass a means test. If you make more than the median income in New York, a means test determines if you qualify to file for bankruptcy.   However, as of April 1, 2018, the income and expense numbers have increased.   This...  read more

Life After Bankruptcy

Wednesday, March 21st, 2018

Bankruptcy has helped many individuals out of difficult financial situations. However, knowing what life is like after bankruptcy can feel scary.   If you're considering bankruptcy, it's important to know what your credit situation will be like after the process is over. It's also important to fully understand how bankruptcy will influence your future purchases...  read more

Understanding Estate Litigation

Monday, March 5th, 2018

After an individual dies, their estate plan goes into effect. When the individual has created wills, trusts, or other documents to clearly lay out where they want their property and assets to go, the court can then begin to distribute those items.   However, if a family member or other individual chooses to contest a...  read more

Chapter 7 vs. Chapter 13 Bankruptcy

Sunday, February 18th, 2018

Knowing whether or not filing for bankruptcy is the right choice for you can be challenging. Although bankruptcy can help certain individuals get out of debt, it isn't helpful for everyone. Depending on the kinds of debt you're dealing with, bankruptcy may not be able to help you.   There are two main kinds of...  read more

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