{"id":784,"date":"2010-02-13T11:41:40","date_gmt":"2010-02-13T11:41:40","guid":{"rendered":"https:\/\/nybankruptcy.net\/main\/?p=784"},"modified":"2018-11-28T08:49:13","modified_gmt":"2018-11-28T08:49:13","slug":"pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession","status":"publish","type":"post","link":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/","title":{"rendered":"Pre-bankruptcy planning in New York and the continuing foreclosure crisis and economic recession"},"content":{"rendered":"
\"\"<\/a>
Worried about your finances? Don’t wait around feeling like one of these guys.<\/figcaption><\/figure>\n

Grim economic news continues to pour forth.<\/p>\n

CBS News’<\/strong> website has an articled titled “The Coming Foreclosure and Commercial Real Estate Storms<\/a><\/strong>.”\u00a0 You thought we were already in the middle of the foreclosure crisis?\u00a0 Well apparently there’s more to come.<\/p>\n

From the banks’ point of view, the longer they keep you on the hook, the better it is for them. Avoiding the mess of foreclosure allows them to keep the fictitious valuations on their books and in this new Citi program, ensures that some of the costs of carrying the dud loan get transferred to the borrower, who in all likelihood, will end up defaulting. Some experts believe that a new round of foreclosures could trigger a double-dip in housing prices.<\/p><\/blockquote>\n

But wait, there’s more…<\/p>\n

As if the foreclosure mess weren’t enough to keep you up at night, today we’re also digesting a new report from the Congressional Oversight Panel (that’s Elizabeth Warren & Co, the TARP watchdogs) about the looming storm in the commercial real estate market. The report predicts a wave of losses, totaling $200-$300 billion, from commercial real estate loans could “trigger economic damage that could touch the lives of nearly every American.”<\/p><\/blockquote>\n

So what’s a person to do about this ominous prediction regarding circumstances that seem beyond the control of an average New Yorker?<\/p>\n

If you’re worried about your financial situation, one proactive step you can take is to talk with a good New York bankruptcy attorney<\/strong>.\u00a0 Most bankruptcy lawyers, including myself, offer a free initial consultation.\u00a0 So take us up on our offer!<\/p>\n

The earlier in the process you start thinking through your issues and challenges with an experienced bankruptcy professional, the more you can do to plan, prepare and protect your assets and property.<\/p>\n

For more information, please contact me<\/a> for a free initial consultation<\/strong> and I\u2019ll share the benefit of my 30 years of New York bankruptcy experience to help you navigate the process and get the full benefit of the bankruptcy laws.<\/p>\n

Contact Bruce Weiner, Esq.<\/a><\/h2>\n

EMAIL Bruce Weiner<\/a><\/strong>
\nPhone<\/strong>
\n(718) 855-6840 (Local)
\n(866) 402-8476 (Toll Free)
\nFax<\/strong> (718) 625-1966<\/p>\n

Go to\u00a0\u00a0Bankruptcy NY foreclosure attorneys<\/a><\/strong>\u00a0<\/em>t<\/em>o learn more about Rosenberg Musso & Weiner LLP<\/strong><\/a> and\/or to set up a free consultation.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Grim economic news continues to pour forth. CBS News’ website has an articled titled “The Coming Foreclosure and Commercial Real Estate Storms.”\u00a0 You thought we were already in the middle of the foreclosure crisis?\u00a0 Well apparently there’s more to come. From the banks’ point of view, the longer they keep you on the hook, the …<\/p>\n

Pre-bankruptcy planning in New York and the continuing foreclosure crisis and economic recession<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[16,7,10,12,14],"tags":[2,21,71,29,30,136,32,11,137,13,15,51,52,35],"acf":[],"yoast_head":"\nPre-bankruptcy planning in New York and the continuing foreclosure crisis<\/title>\n<meta name=\"description\" content=\"Grim economic news continues to pour forth. CBS News' website has an articled titled "The Coming Foreclosure and Commercial Real Estate Storms."\u00a0 You\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pre-bankruptcy planning in New York and the continuing foreclosure crisis\" \/>\n<meta property=\"og:description\" content=\"Grim economic news continues to pour forth. CBS News' website has an articled titled "The Coming Foreclosure and Commercial Real Estate Storms."\u00a0 You\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/\" \/>\n<meta property=\"og:site_name\" content=\"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner\" \/>\n<meta property=\"article:published_time\" content=\"2010-02-13T11:41:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-11-28T08:49:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2010\/02\/sittingduck1.jpg\" \/>\n<meta name=\"author\" content=\"Matt Leichter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Leichter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/\"},\"author\":{\"name\":\"Matt Leichter\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7\"},\"headline\":\"Pre-bankruptcy planning in New York and the continuing foreclosure crisis and economic recession\",\"datePublished\":\"2010-02-13T11:41:40+00:00\",\"dateModified\":\"2018-11-28T08:49:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/\"},\"wordCount\":402,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#organization\"},\"keywords\":[\"Bankruptcy\",\"Brooklyn Bankruptcy\",\"Chapter 11\",\"Chapter 13\",\"Chapter 7\",\"Commercial real estate\",\"Eastern District of New York\",\"Foreclosure\",\"Foreclosure crisis\",\"Loan modification\",\"Mortgage\",\"New York Bankruptcy\",\"New York Bankruptcy Lawyer\",\"Southern District of New York\"],\"articleSection\":[\"Bankruptcy\",\"Debt\",\"Foreclosure\",\"Loan modification\",\"Mortgage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/\",\"url\":\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/\",\"name\":\"Pre-bankruptcy planning in New York and the continuing foreclosure crisis\",\"isPartOf\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#website\"},\"datePublished\":\"2010-02-13T11:41:40+00:00\",\"dateModified\":\"2018-11-28T08:49:13+00:00\",\"description\":\"Grim economic news continues to pour forth. CBS News' website has an articled titled \\\"The Coming Foreclosure and Commercial Real Estate Storms.\\\"\u00a0 You\",\"breadcrumb\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nybankruptcy.net\/main\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pre-bankruptcy planning in New York and the continuing foreclosure crisis and economic recession\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#website\",\"url\":\"https:\/\/nybankruptcy.net\/main\/\",\"name\":\"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nybankruptcy.net\/main\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#organization\",\"name\":\"Rosenberg, Musso & Weiner, LLP\",\"url\":\"https:\/\/nybankruptcy.net\/main\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2018\/06\/logo.png\",\"contentUrl\":\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2018\/06\/logo.png\",\"width\":124,\"height\":108,\"caption\":\"Rosenberg, Musso & Weiner, LLP\"},\"image\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7\",\"name\":\"Matt Leichter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd20b564e1f526a569ac8b1fc9ef74db?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd20b564e1f526a569ac8b1fc9ef74db?s=96&d=mm&r=g\",\"caption\":\"Matt Leichter\"},\"url\":\"https:\/\/nybankruptcy.net\/main\/author\/mleichter\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pre-bankruptcy planning in New York and the continuing foreclosure crisis","description":"Grim economic news continues to pour forth. CBS News' website has an articled titled \"The Coming Foreclosure and Commercial Real Estate Storms.\"\u00a0 You","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/","og_locale":"en_US","og_type":"article","og_title":"Pre-bankruptcy planning in New York and the continuing foreclosure crisis","og_description":"Grim economic news continues to pour forth. CBS News' website has an articled titled \"The Coming Foreclosure and Commercial Real Estate Storms.\"\u00a0 You","og_url":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/","og_site_name":"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner","article_published_time":"2010-02-13T11:41:40+00:00","article_modified_time":"2018-11-28T08:49:13+00:00","og_image":[{"url":"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2010\/02\/sittingduck1.jpg"}],"author":"Matt Leichter","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matt Leichter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/#article","isPartOf":{"@id":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/"},"author":{"name":"Matt Leichter","@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7"},"headline":"Pre-bankruptcy planning in New York and the continuing foreclosure crisis and economic recession","datePublished":"2010-02-13T11:41:40+00:00","dateModified":"2018-11-28T08:49:13+00:00","mainEntityOfPage":{"@id":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/"},"wordCount":402,"commentCount":0,"publisher":{"@id":"https:\/\/nybankruptcy.net\/main\/#organization"},"keywords":["Bankruptcy","Brooklyn Bankruptcy","Chapter 11","Chapter 13","Chapter 7","Commercial real estate","Eastern District of New York","Foreclosure","Foreclosure crisis","Loan modification","Mortgage","New York Bankruptcy","New York Bankruptcy Lawyer","Southern District of New York"],"articleSection":["Bankruptcy","Debt","Foreclosure","Loan modification","Mortgage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/","url":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/","name":"Pre-bankruptcy planning in New York and the continuing foreclosure crisis","isPartOf":{"@id":"https:\/\/nybankruptcy.net\/main\/#website"},"datePublished":"2010-02-13T11:41:40+00:00","dateModified":"2018-11-28T08:49:13+00:00","description":"Grim economic news continues to pour forth. CBS News' website has an articled titled \"The Coming Foreclosure and Commercial Real Estate Storms.\"\u00a0 You","breadcrumb":{"@id":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nybankruptcy.net\/main\/pre-bankruptcy-planning-in-new-york-and-the-continuing-foreclosure-crisis-and-economic-recession\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nybankruptcy.net\/main\/"},{"@type":"ListItem","position":2,"name":"Pre-bankruptcy planning in New York and the continuing foreclosure crisis and economic recession"}]},{"@type":"WebSite","@id":"https:\/\/nybankruptcy.net\/main\/#website","url":"https:\/\/nybankruptcy.net\/main\/","name":"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner","description":"","publisher":{"@id":"https:\/\/nybankruptcy.net\/main\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nybankruptcy.net\/main\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/nybankruptcy.net\/main\/#organization","name":"Rosenberg, Musso & Weiner, LLP","url":"https:\/\/nybankruptcy.net\/main\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/logo\/image\/","url":"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2018\/06\/logo.png","contentUrl":"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2018\/06\/logo.png","width":124,"height":108,"caption":"Rosenberg, Musso & Weiner, LLP"},"image":{"@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/75d08d648836eaa13b64bf21273bf4e7","name":"Matt Leichter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd20b564e1f526a569ac8b1fc9ef74db?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd20b564e1f526a569ac8b1fc9ef74db?s=96&d=mm&r=g","caption":"Matt Leichter"},"url":"https:\/\/nybankruptcy.net\/main\/author\/mleichter\/"}]}},"_links":{"self":[{"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/posts\/784"}],"collection":[{"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/comments?post=784"}],"version-history":[{"count":3,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/posts\/784\/revisions"}],"predecessor-version":[{"id":8242,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/posts\/784\/revisions\/8242"}],"wp:attachment":[{"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/media?parent=784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/categories?post=784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nybankruptcy.net\/main\/wp-json\/wp\/v2\/tags?post=784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}