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The expense of hiring an attorney to assist in a bankruptcy proceeding is often perceived by the potential filer as an unnecessary added cost, but the truth is that having an attorney often saves more money than it costs. It is an investment in the future more than an added expense at the time of… Read more »

When you make the decision to file for bankruptcy, you will have the opportunity to make a fresh start financially. However, filing for bankruptcy is not free, and thus has many costs associated with it along the way. If you’re wondering who pays the bills when you file for bankruptcy and how a Brooklyn bankruptcy… Read more »

Due to the rising costs of living, increased medical expenses, and stagnated wages, many people today struggle with their personal finances. Because of this, many people end up finding themselves in a financial hole that is impossible to get out of. In some situations, the best option to consider would be to file for bankruptcy…. Read more »

When you’re deciding whether bankruptcy is right for you, it’s important to understand that not all debts are discharged in bankruptcy. There are some types of debts that you can’t wipe clean in a bankruptcy proceeding. Here are the types of debts that are not discharged in bankruptcy: Child Support Child support is never dischargeable… Read more »

Bankruptcy 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 »

Filing 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 »

When 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 »

If 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 »

When 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 »