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Month: October 2018

Will Bankruptcy Make My Auto-Insurance Premiums Go Up?

Many New York bankruptcy debtors own cars and the mandatory insurance that goes along with them. Naturally it’s common for them to wonder what will happen to their auto-insurance premiums when they file bankruptcy. Will they go up? If so, what alternatives do debtors have? The short answer is yes, most auto-insurers charge increased premiums …

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See a New York Bankruptcy Lawyer Before Paying a 25-Year Car Loan

The auto Web site Jalopnik published an investigative report on the predatory behavior of Credit Acceptance Corporation, a subprime auto-loan company with a poor reputation. The story focuses on debtors who signed auto-loan agreements as far back as the 1990s but are still being hounded by the lender decades later and after wage garnishments. The …

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Who Were Chapter 7 New York Bankruptcy Debtors in 2017?

Last year I asked who chapter 7 bankruptcy debtors were, and just a few weeks ago, I discovered that Brooklyn bankruptcy filings were up in 2017 over 2016. Because the federal judiciary’s Bankruptcy Abuse Prevention and Consumer Protection report (BAPCPA report) came out recently, it’s fair to ask how 2017 compared to 2016 and whether …

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Student-Loan Bankruptcy Alternative Rejects 99 Percent of Debtors

One of the more controversial alternatives to New York bankruptcy for student-loan debtors is Public Service Loan Forgiveness (PSLF). I say “controversial” because many Washington politicians and policy types think it’s much too generous to debtors and should be pared back. PSLF is similar to other government income-derived repayment (IDR) programs, but, well, it is …

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What If I Can’t or Don’t Want to Attend the Meeting of the Creditors?

A meeting of the creditors, “341 meeting” for short, occurs in every New York bankruptcy case, even the kinds you read about in the business news. After learning about what will happen at a 341 meeting of creditors debtors may ask whether they can be excused from it, or if their New York bankruptcy lawyer …

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