Brooklyn Bankruptcy Archives - Page 13 of 27 - Bankruptcy Attorney in Brooklyn, New York

New York Ranks 37th for Share of Non-Mortgage Debt in Collections

Non-mortgage debt (like credit cards, auto loans, student loans, and other types) commonly leads to New York bankruptcy filings. As a result, it’s important to track information about Americans’ debt levels. In late July, the Urban Institute did just that by publishing a study that revealed some disturbing facts about Americans’ non-mortgage debt. A whopping …

New York Ranks 37th for Share of Non-Mortgage Debt in Collections Read More »

Filing New York Bankruptcy From Another Country

Bankruptcy / By Matt Leichter

Unsurprisingly, many New Yorkers live outside the United States, but they may still have significant connections to the state. If they run into financial difficulties, they might wonder if they can file bankruptcy from whatever country they happen to be living in. Fortunately, the laws regulating the federal courts make it possible for debtors to …

Filing New York Bankruptcy From Another Country Read More »

Is Another Mortgage Crash Coming for New York Homeowners?

Foreclosure, Mortgage / By Matt Leichter

In the last few weeks, two interesting pieces of news appeared for those interested in America’s housing debt situation. Taken together the articles might affect people who are considering filing New York bankruptcy. One, the Census Bureau’s Housing Vacancy Survey published its fourth quarter 2013 numbers (PDF) as well as its annual estimate of households …

Is Another Mortgage Crash Coming for New York Homeowners? Read More »

Study Gives New York’s Bankruptcy Exemptions a Solid Grade

Bankruptcy, Exemptions / By Matt Leichter

One of the quirks of bankruptcy law is that it defers to state governments on a crucial issue: exemptions. People filing New York bankruptcy might be able to keep more of their homes’ values or wages out of the bankruptcy estate (and away from the trustee and creditors) than debtors filing elsewhere. In early October, …

Study Gives New York’s Bankruptcy Exemptions a Solid Grade Read More »

For ‘Superstorm’ Sandy’s Anniversary: Advice for Dealing With a Mortgage After a Disaster

Bankruptcy, Mortgage / By Matt Leichter

On October 29, 2012, tropical storm Sandy made landfall in the Mid-Atlantic states, causing storm surges in New York City and wreaking devastation in New Jersey and elsewhere. Many New Yorkers’ homes were destroyed, but as one might expect their mortgages were not. It’s been documented that natural disasters lead people to file bankruptcy, so …

For ‘Superstorm’ Sandy’s Anniversary: Advice for Dealing With a Mortgage After a Disaster Read More »

Lessons Learned from Comparing the U.S. Mortgage System to Spain’s

Leave a Comment / Bankruptcy, Foreclosure, Loan modification, Mortgage / By Matt Leichter

You know the story: real estate prices rose through the 2000s, businesses prospered, and home ownership grew with the houses. Houses that the owners financed with low-interest mortgages that they thought they could easily pay off. Then the bubble burst. Unemployment soared, and the homeowners who could not afford to pay down their mortgages also …

Lessons Learned from Comparing the U.S. Mortgage System to Spain’s Read More »

Income-Based Repayment Plans for Student Loans in 10 Points (Part 2 of 2)

Leave a Comment / Bankruptcy, Debt / By Matt Leichter

This is the second post in a two-part series on the Department of Education’s Income-Based Repayment (IBR) program for federally backed student loans. Under an IBR plan New Yorkers and other Americans with eligible loans can make lower monthly payments to the government based on their disposable income if their income is too low to …

Income-Based Repayment Plans for Student Loans in 10 Points (Part 2 of 2) Read More »

Income-Based Repayment Plans for Student Loans in 10 Points (Part 1 of 2)

Leave a Comment / Bankruptcy, Debt / By Matt Leichter

Aside from mortgage debt, one of the more common problems New York debtors face is student loans. These debts can be challenging for debtors to deal with because in 1998 the federal government subjected all federally backed student debt to the undue hardship test for bankruptcy dichargeability. In 2005, it extended it to private student …

Income-Based Repayment Plans for Student Loans in 10 Points (Part 1 of 2) Read More »

Chapter 13 Debt Limits Won’t Stymie Your New Bankruptcy

Leave a Comment / Bankruptcy, Chapter 13 Bankruptcy, Debt / By Matt Leichter

The most common route for filing bankruptcy in New York is file for Chapter 7 bankruptcy. It’s quicker than Chapter 13 and allows people to discharge many types of debt. In some cases, though, a person may be ineligible for Chapter 7 and must file in Chapter 13, which is often called a “wage earners …

Chapter 13 Debt Limits Won’t Stymie Your New Bankruptcy Read More »

How to Challenge Charges on Your Credit Card Bill

Leave a Comment / Bankruptcy, Credit cards, Creditors / By Matt Leichter

Finding a questionable or incorrect charge on a credit card statement probably happens to most New Yorkers at least once. Most people’s natural inclination is to call the creditor and try to work it out over the phone. If that doesn’t work, the law is on your side, but it’s a slow process involving the …

How to Challenge Charges on Your Credit Card Bill Read More »

Free Consultation

(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.