-
How to Rebuild your Credit after Bankruptcy
Thursday, February 28th, 2019Once your bankruptcy has been processed, you’re ready to begin a fresh start. One of the most important things to remember is that the bankruptcy will remain on your credit profile for seven to ten years. While that means you won’t be able to qualify for credit for up to a decade, it also gives… Read more »
-
Do I Need Debt Relief or Bankruptcy?
Monday, February 25th, 2019Bankruptcy and debt relief are two of the most popular ways to manage debt. Consolidation proponents often promote it as a way to protect your credit rating and save money by combining monthly debts into one easy-to-manage payment, while a Brooklyn bankruptcy attorney may recommend it for a fresh financial start. Here, you’ll learn how… Read more »
-
Bankruptcy Discharge: What is it?
Friday, February 22nd, 2019Filing for bankruptcy protection is a very serious legal step that should never be considered lightly. Issues such as credit ratings and a debt repayment schedule could last for several years following the fact. But, a successful bankruptcy petition could also result in a considerable amount of outstanding debt being discharged after all is said… Read more »
-
How Does Voluntary Repossession Affect My Credit?
Friday, February 15th, 2019When you get behind on your car loan, then technically the lender has the right to come and repossess your car. The reason why it’s called repossession is because the lender doesn’t have to go through the court system to do it. Instead, under the terms of your loan agreement, they can do it if… Read more »
-
How Do I Choose Between Chapter 7 and Chapter 13 Bankruptcy?
Monday, February 11th, 2019If you are struggling to make credit card, mortgage or auto loan payments, it may be in your best interest to file for bankruptcy. Generally speaking, you will file for Chapter 7 or Chapter 13 protection. How do you know which one to choose from? Knowing When to File for Chapter 7 Protection To be… Read more »
-
Types Of Debt In Bankruptcy Cases
Friday, January 25th, 2019When declaring bankruptcy, the case ahead can be complex. In part, this is due to the types of debt involved in these cases. This, along with whether you file Chapter 7 or Chapter 13 bankruptcy, can have a significant impact on how a case proceeds. If you are preparing for bankruptcy, here is how specific… Read more »
-
Bankruptcy Options for Small Business Owners
Monday, January 14th, 2019Bankruptcy is often the best option for a small business owner. Perhaps the business is struggling, but the owner wants to remain in business. Or maybe debts are overwhelming and the owner wants to close the business. Brooklyn business owners might want to consult a Brooklyn bankruptcy attorney for guidance. But for now, here are… Read more »
-
Can Bankruptcy Affect My Mortgage?
Friday, January 11th, 2019If you are facing the possibility of bankruptcy, you probably have a lot of different questions and concerns. Fortunately, here at Ursulova Law Office, we can help you get the answers that you need. One of the biggest questions we get from people considering bankruptcy is how it will affect their mortgage. There are a… Read more »
