September 2020 - Bankruptcy Attorney in Brooklyn, New York

Secured Credit Cards Can Help Improve Credit Scores After Bankruptcy

Bankruptcy, Credit cards, Creditors / By Maggie Paley

Obtaining a discharge in a New York bankruptcy usually improves one’s creditworthiness just by eliminating bad debts, but that doesn’t mean a debtor’s post-bankruptcy credit score will be remarkably great. However, there are steps former debtors can take to raise their credit scores. One option that doesn’t come up often is using so-called “secured credit …

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Sometimes It’s Harder to Pay Debts While in Bankruptcy

Bankruptcy, Creditors, Debt / By Maggie Paley

In some chapter 7 New York bankruptcies it’s common for debtors to still be earning an income sufficient to pay some of their creditors if they choose to. Often it’s a necessity like a car payment or a mortgage payment. However, some debtors suddenly encounter difficulties making their payments, particularly online. For example, automatic withdrawal …

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Don’t Be Concerned With the Term ‘Debt Relief Agency’

Bankruptcy, Debt / By Maggie Paley

If you are falling into financial difficulties, and you are about to discuss your situation with a New York bankruptcy lawyer, you might be told you are consulting with a “debt relief agency.” This phrase might be confusing, as it sounds a lot like “debt settlement,” which is entirely different from bankruptcy. What exactly is …

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How Bankruptcy Can Lead the Way to Homeownership

Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt, Mortgage / By Maggie Paley

Many people aspire to homeownership, but if they have filed bankruptcy they often believe it’s an unreachable goal. This isn’t true. In fact there are several ways bankruptcy can help someone become a homeowner. (1) Bankruptcy can improve credit scores and other creditworthiness metrics. It’s avoiding bills and creditors that causes problems. In this sense, …

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Obtain a Credit Report Before Filing Bankruptcy in New York

Bankruptcy, Debt / By Maggie Paley

One thing good New York bankruptcy lawyers tell their clients to do is to obtain a credit report in preparation for filing bankruptcy. (In fact, it’s probably a good idea to get the report even before your first consultation with your bankruptcy lawyer.) This can easily be accomplished through Web sites like AnnualCreditReport.com, which allow …

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(718) 855-6840

The office is open as per the NYS Covid-19 guidelines. We are now doing both in-person and telephone consultations. Please call the office at 718-855-6840 to schedule a time to speak with one of our experienced bankruptcy attorneys.

Secured Credit Cards Can Help Improve Credit Scores After Bankruptcy

Sometimes It’s Harder to Pay Debts While in Bankruptcy

Don’t Be Concerned With the Term ‘Debt Relief Agency’

How Bankruptcy Can Lead the Way to Homeownership

Obtain a Credit Report Before Filing Bankruptcy in New York

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