Debt rates have decreased in for New Yorkers, according to the Federal Reserve Bank of New York. That means, generally speaking, New Yorkers are carrying smaller debt loads than before. However, according to the same data, we’re not doing it quite as quickly as the rest of the country. Does the the reduction in debt …
Filing bankruptcy in NY is something many New Yorkers have considered and many will continue to consider–especially given the state of the economy. Today our Brooklyn bankruptcy lawyer discusses: What are the consequences of filing bankruptcy in New York City? The Good: 1. Filing bankruptcy in NY stops calls from creditors and collection agencies immediately. …
If you own a small business in Brooklyn, New York and are facing financial difficulties, it’s important to know that filing business bankruptcy is an option for you. What kind of business bankruptcy information do you need to proceed? First, you need a lawyer. Preferably an experienced Brooklyn business bankruptcy lawyer. Second, you need to …
Business Bankruptcy Lawyers in Brooklyn, New York Read More »
“I need to keep my car. Bankruptcy seems like it could make me lose it. What are my options in New York?” This is a common concern among people considering filing bankruptcy in New York. Fortunately, the bankruptcy code recognizes that people often need their cars so they can go to work and continue to …
If you’re thinking of filing for bankruptcy in New York and you previously took out a 401(k) loan, what should you be aware of? First, it depends upon whether you’re going to file for Chapter 7 or Chapter 13 bankruptcy. (And that’s a question to discuss with your experienced bankruptcy attorney in New York.) In …
Can New Yorkers get their student loans discharged in bankruptcy? You can certainly get most other debts discharged. So why not student loans? Because the student loan industry lobbied hard to make sure that student loans were listed as “non-dischargeable” when the 1978 Bankruptcy Code was written. As a result, the only exception for getting …
Bankruptcy and Student Loans: Do they go together? Read More »
Once you file for bankruptcy in New York (or anywhere else for that matter), you are protected by the automatic stay. In a nutshell, that means no creditors (including the IRS!) can take, or collect or even attempt to collect anything from you without the Bankruptcy Court’s permission. (FYI, if the Bankruptcy Court gives such …
Foreclosure looms over your Brooklyn home (or Manhattan, Queens, etc. home). You’re not sure what to do about it and may be wondering if a bankruptcy filing will help. Will bankruptcy stop foreclosure? Of course, the answer depends on your situation. There are many different factors to that affect the decision, which an experienced New …
Stopping wage garnishment is often the trigger that leads New Yorkers to seek out a New York bankruptcy attorney. If you were avoiding your financial problems before, the possibility of payroll garnishment forces you to wake up and figure out your next step. Below are several things to be aware of if you wish to …
Stopping Wage Garnishment: A few things to be aware of Read More »
H&R Block a usurious moneylender? That’s not the standard image for H&R Block or other major tax preparation agencies. However, part of their business does in fact involve making loans at what works out to be a rather high interest rate. Tax preparation agencies frequently make “Refund Anticipation Loans” or “Refund Anticipation Checks” to clients …
Refund Anticipation Loans and the Earned Income Tax Credit Read More »
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Brooklyn, NY 11242,USA
phone: (718) 855-6840
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fax: (718) 625-1966
68 south service road, suite 100
melville, ny 11747
phone: (631) 454-5248
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