You may have recently heard that student loan debt now exceeds credit card debt. And that there’s a proposal in Congress that would make student loan debt dischargeable in bankruptcy just like any other debts. (This is not the first time such a proposal has been bandied about. Read my post from a year ago …
What are the consequences if I default on my student loan? Read More »
Time for another edition of Brooklyn Bankruptcy Update, a look at the latest Bankruptcy news and happenings out of the County of Kings (aka Brooklyn). “Fraudulent nursing school files for bankruptcy: Students left holding the bag at Brooklyn-based Envision Review Center Inc.“ (Crain’s New York Business) – The nursing school, located on 1894 Flatbush Avenue, …
Grim economic news continues to pour forth. CBS News’ website has an articled titled “The Coming Foreclosure and Commercial Real Estate Storms.” You thought we were already in the middle of the foreclosure crisis? Well apparently there’s more to come. From the banks’ point of view, the longer they keep you on the hook, the …
The “mortgage cram down” issue is back in the news this week. Congress is discussing an amendment that would give bankruptcy judges the power to “cram down” or change the basic terms of a mortgage. (See the latest BAPCPA Man vs. Mortgantua cartoon for a good picture of what mortgage cram down looks like.) If …
There’s a great recent post by Professor Katie Porter on the CreditSlips.org blog about loan modification scams. If you’ve read other posts on NYBankruptcyNet on the topic of loan modifications, hopefully you’re familiar with the basic gist: namely that any non-lawyer loan modification service (and unfortunately, some lawyer loan modification services) are almost always scams. …
Loan modification scams and U.S. Foreclosure Relief Read More »
A song contest might not be the first thing that comes to mind when you think of bankruptcy. But apparently, it is for the folks at the Bankruptcy Bill cartoon site. So if you have any thoughts or feelings about the topic of bankruptcy, whether from personal experience or otherwise, here’s a wonderful opportunity to …
BAPCPA Man continues his fight against the seemingly unstoppable Mortgantua. Note: This cartoon is posted with permission from the creators of BAPCPA Man. Read more: Business Bankruptcy Lawyer Click here to see a larger version of the image.
Another great cartoon from BAPCPA Man as he takes on the evil Mortgantua. Really seems to sum up what homeowners must bee feeling if they’re facing foreclosure in New York. To learn more on the topic you can read some of my my previous posts on the topic of Brooklyn NY Foreclosure Attorneys. Note: This …
For New York homeowners facing foreclosure, they may feel like the deck is stacked against them. The economy is in the tank. Credit has dried up. Trying to call your mortgage company and negotiate a loan modification feels like an exercise in futility. And mortgage companies are probably profiting off the delays in the foreclosure …
Brooklyn Judge gives New York homeowners a fighting chance against foreclosure Read More »
As bad as the foreclosure problem has been, it’s apparently ready to get worse, according to this article in the New York Times (“Loans that looked easy pose threat to recovery“). All the adjustable rate mortgages (“ARMs” for short) we’ve been hearing about are getting ready to re-set over the next four years, and that …
New York foreclosures likely to continue as ARMs begin to re-set over next 4 years Read More »
no cost, 30 minute consultations in brooklyn, ny or melville, li
26 Court St # 2211
Brooklyn, NY 11242,USA
phone: (718) 855-6840
toll free:(800) 297-6840
fax: (718) 625-1966
68 south service road, suite 100
melville, ny 11747
phone: (631) 454-5248
by appointment only
