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 …
Previously, I posted about Lenny Dykstra and why someone like him would file for Chapter 11, which is more typically used for business bankruptcies, rather than Chapter 7 or Chapter 13 which are for individual bankruptcies. Regardless of whether it was the right path strategically speaking, things don’t seem to be going so well for …
Lenny Dykstra learns more about Chapter 11 as trustee appointed in the case Read More »
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 »
With permission from the creators of BAPCPA Man, here is BAPCPA Man #6 – Unemployment, Median Income and the Means Test: Read more: Business Bankruptcy Lawyer (Click here to see larger version of the image.)
A lot of New York readers may not know who their own Congressional representatives are in Washington, D.C. And perhaps as few know the state legislator from their district. But I’m willing to bet that almost no readers know who the Chapter 13 trustees are for their district in New York. So I’ve listed them …
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 »
I thought I’d share a few interesting articles from the news that all relate to bankruptcy in one way or another: 1. “Subprime Lenders Getting U.S. Subsidies, Report Says” – Countrywide (now owned by Bank of America), Wells Fargo and other major subprime lenders are now apparently getting subsidies from the government to make more …
Recently in the news, New York Attorney General Andrew Cuomo filed a lawsuit to shut down a New York-based debt collection agency that has been blatantly harrassing people. If you live in New York and are being called by debt collection agencies at all hours of day and night or at work, or if you …
Dealing with debt collector harassment in New York Read More »
Yes, you can keep your home if you file for bankruptcy in New York. But it’s not a given. And depending on your circumstances, there are a few different ways to do it. If you file for Chapter 7 bankruptcy Brooklyn NY, then you can keep your home as long as the remaining equity in …
Can I keep my home if I file for bankruptcy in New York? Read More »
Rising unemployment in the U.S. has made the “means test” all the more significant for individuals considering filing for bankruptcy in New York and elsewhere. The means test refers to the eligibility requirement under the 2005 bankruptcy law. To be eligible to file for Chapter 7 bankruptcy in New York, an individual’s income must be …
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