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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


Beware Deficiency Judgments From Fannie Mae

The New York Times tells us that the robo-signed foreclosure documents are rearing their ugly heads again. Back in 2010, it came to light that banks were trying to foreclose on houses without verifying the information on the loan documents. The result was a slew of wrongful foreclosures on homeowners who were good on . . . → Read More: Beware Deficiency Judgments From Fannie Mae

Medical Bankruptcy Still Occurs in the U.S.

Recently, a Madison, Wis., based CBS affiliate reported on a woman who, despite having health insurance, is on the verge of filing medical bankruptcy. The story is an unpleasant reminder that even after the new health care law went into effect people who suffer severe medical problems might still have to file New York . . . → Read More: Medical Bankruptcy Still Occurs in the U.S.

How Much Do People Benefit (Financially) From Bankruptcy?

It’s an important question for people considering filing New York bankruptcy. Put differently, how much do people typically expect to gain from bankruptcy? In a similar context, many times debtors will also want to know how common their situation is compared to other debtors’. If it’s more common, they might not feel that filing . . . → Read More: How Much Do People Benefit (Financially) From Bankruptcy?

Bruce Weiner to teach Bankruptcy CLE at NYCLA

Partner Bruce Weiner will be teaching a course in the “NY Bridge the Gap: A Program for Newly Admitted Attorneys” program entitled “An Overview of Consumer Bankruptcy”, at the New York County Lawyers Association on Dec. 19th from 1-5pm. For more information, click . . . → Read More: Bruce Weiner to teach Bankruptcy CLE at NYCLA

How State Median Family Income Affects Chapter 13 Bankruptcy

Whenever people looking into New York bankruptcy hear about the median family income for their state, they usually think that it has something to do with chapter 7. Generally, this hunch is correct. Petitioners with incomes above the state median, after adjusting for family size, will have to take the means test. If they . . . → Read More: How State Median Family Income Affects Chapter 13 Bankruptcy

What Is an ‘Individual With a Regular Income’ in Chapter 13?

People who are interested in filing chapter 13 New York bankruptcy will obviously want to know if they meet all the chapter’s requirements, which are stricter than chapter 7′s. For example, it has debt limits, above which debtors must file in chapter 7 or chapter 11, but Section 109(e) also restricts chapter 13 to . . . → Read More: What Is an ‘Individual With a Regular Income’ in Chapter 13?

St. Louis Fed Sees Little Improvement for Underwater Homeowners

If the Federal Reserve Bank of New York found that money and debt problems are causing a “bottleneck” in homeownership, then the Fed’s Saint Louis branch has made its own unpleasant discovery using the same data: In the last three years the percentage of households with negative equity has barely budged. An analysis of . . . → Read More: St. Louis Fed Sees Little Improvement for Underwater Homeowners

Settling Debts With the IRS Can Be an Alternative to Bankruptcy

It’s possible to discharge some tax debts in New York bankruptcy, but the requirements can be difficult to meet, so it’s possible for debtors to not qualify for tax debt discharge. However, there is another option to slogging through an IRS tax debt: settlement. The IRS has a program called “offer in compromise,” which . . . → Read More: Settling Debts With the IRS Can Be an Alternative to Bankruptcy

Lawsuit Loans and Bankruptcy

It’s quite common that people who’ve been injured can’t work or afford medical treatments. The Affordable Care Act will help them a lot, but even if they have a winning lawsuit claim against whoever injured them, a settlement or judgment might be a long way off. As a result, a large industry of lawsuit . . . → Read More: Lawsuit Loans and Bankruptcy

‘Generation X’s’ Income High, But Debts Even Higher

This is the basic finding the Pew Charitable Trusts’ report on the financial situation of “Generation X” (“Gen X”), which it defines as all Americans born between 1965 and 1980. Generational designations are really kind of arbitrary—why does Gen X only get 15 years?—and mobility studies often ask their readers to accept silly assumptions. . . . → Read More: ‘Generation X’s’ Income High, But Debts Even Higher