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NO-COST 30 MINUTE CONSULTATIONS
Offices in downtown Brooklyn & Melville, LI

26 Court St, Suite 2211
Brooklyn, NY 11242-1125
Phone: (718) 855-6840
Toll Free: (800) 297-6840
Fax: (718) 625-1966
View Map

68 South Service Road, Suite 100
Melville, NY 11747
Phone: (631) 454-5248
By Appointment Only


How Do Loan Modification Scams Work?

Most of the time, people in debt are warned about debt settlement or credit rehabilitation scams, both of which can cost force them to file New York bankruptcy. However, there are many other ways con artists try to get honest people, one of which is especially troublesome since the housing bubble burst several years . . . → Read More: How Do Loan Modification Scams Work?

Qualifying for Chapter 13 Bankruptcy Is Very Easy

Chapter 13 New York bankruptcy can be a more flexible way to get a fresh start than chapter 7 or chapter 11, but debtors might be concerned that it’s hard to meet the requirements to file. On the contrary, the requirements for filing in chapter 13 are light. They’re mostly confined to 11 U.S.C. . . . → Read More: Qualifying for Chapter 13 Bankruptcy Is Very Easy

The Earned Income Tax Credit Can Keep You Afloat and Out of Bankruptcy

If you are considering filing New York bankruptcy, you might have heard of a program called the Earned Income Tax Credit (EITC), and you may be curious if it can help you instead. Chances are it can. The EITC is a mid-1970s policy enacted by Congress that’s designed to help American workers stay above . . . → Read More: The Earned Income Tax Credit Can Keep You Afloat and Out of Bankruptcy

Chapter 7 Discharge and Mortgage Payments

Chapter 7 New York bankruptcy is usually used by people with significant unsecured debts and little reliable income to repay them. Homeowners filing chapter 7 usually intend to stay in their homes or at most discharge a mortgage deficiency after selling them. Sometimes a domestic partner is eligible for chapter 7 because he or . . . → Read More: Chapter 7 Discharge and Mortgage Payments

Filing Bankruptcy Just to Halt a Foreclosure Can Have Drawbacks

One reason people file New York bankruptcy is to avail themselves of the automatic stay to halt a foreclosure. Indeed, a well-timed filing can save a house, particularly if debtors are willing to commit to a chapter 13 plan that can allow them to cure defaults and resume their regular payments. However, for debtors . . . → Read More: Filing Bankruptcy Just to Halt a Foreclosure Can Have Drawbacks

Student Loans As a ‘Special Circumstance’ to Stay in Chapter 7

It’s widely acknowledged that student loans are an obstacle in New York bankruptcy, but there are unusual times when student loan debts can help debtors choose the chapter they wish to file in. For higher-income debtors it’s usually harder to file in chapter 7 because their incomes exceed the median for families in their . . . → Read More: Student Loans As a ‘Special Circumstance’ to Stay in Chapter 7

Employers Can’t Discriminate Against Bankruptcy Debtors

The issue of military security clearance for New York bankruptcy debtors came up recently. It’s one of the many situations in which bankruptcy can give workers anxiety. This post will try to further assuage those anxieties by discussing a few ways the law protects workers who file bankruptcy, particularly those employed with governmental units.

. . . → Read More: Employers Can’t Discriminate Against Bankruptcy Debtors

6 Things Creditors Can Do When Their Debtors File Bankruptcy

My practice represents both debtors and creditors, and often the creditors (especially the smaller ones) are unclear on the process for their end when someone who owes them money files New York bankruptcy. It’s fairly straightforward, and there are definitely circumstances in which it helps to hire a lawyer.

(1) ¬†Usually the first thing . . . → Read More: 6 Things Creditors Can Do When Their Debtors File Bankruptcy

Four Points About Collections on Deceased People’s Debts

Late last year I wrote about how to handle an inherited underwater house. A similar topic came up in a recent article on the Internet news site Vox: What about a non-secured debt (like credit card debt) owed by a deceased debtor that someone is trying to collect on?

It should go without saying . . . → Read More: Four Points About Collections on Deceased People’s Debts

New York Fed Finds Large Debts Causing a Bottleneck in Homeownership

You might hear in the news that skittishness on future home prices is what’s keeping people out of the housing market. Many people don’t want to end up with an underwater house that can require a short sale or New York bankruptcy to resolve. Indeed, many New York homeowners are supposedly in pre-foreclosure and . . . → Read More: New York Fed Finds Large Debts Causing a Bottleneck in Homeownership