ABC News reports that Annie Leibovitz reached an agreement with her creditors that, at least for now, staves off the need for a bankruptcy filing. What if Annie Leibovitz had filed for bankruptcy in New York? Would she have to go through mandatory credit counseling (cost: $50) as required by the 2005 Bankruptcy Abuse Prevention …
Annie Leibovitz avoids mandatory credit counseling in New York Read More »
A quick FYI to let everyone know that I’ll be serving as one of the faculty members for the Wednesday, September 23 “Bridge the Gap-Session C: Basic Bankruptcy Law” for the New York County Lawyers Association (NYCLA). Full information is below. Click here for the sign-up form. Bridge the Gap-Session C: Basic Bankruptcy Law* Wednesday, …
Here’s a good cartoon from BAPCPA Man the drives home the point of the automatic stay and how it helps you deal with debt collectors. Note: This cartoon is posted with permission from the creators of BAPCPA Man. Read more: Bankruptcy Automatic Stay Click here to see a larger version of the image.
Yes, you can rebuild your credit within a few years if you’re careful about your finances and pay your bills on time after you’re done with your bankruptcy case. A lot of people worry about their credit history when they consider filing for bankruptcy in New York. It’s a legitimate concern and a healthy impulse …
Can I rebuild my credit after bankruptcy in New York? Read More »
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 »
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