Long Island Bankruptcy Law Blog
What makes a debtor eligible to seek Chapter 7 bankruptcy?
Facing overwhelming debt can take over every aspect of an individual’s life. The stress of constant calls from creditors, threats of repossession, the possibility of ...
Read MoreFacing foreclosure? You may still have options
There are many reasons why a homeowner in Long Island could be facing foreclosure, and many of these reasons are beyond the homeowner’s control. For ...
Read MoreNew York expands program aimed at avoiding foreclosures
Owning your own home is certainly the American dream, but some individuals in New York they may have found that factors outside their control have ...
Read MoreWhat happens during Chapter 7 credit counseling?
In a post a couple of months ago we discussed how Long Island area debtors who want to file for bankruptcy must complete a credit ...
Read MoreNew York-based supermarket moves forward with Chapter 11
Any business owner operating in New York understands the risks involved with expansion and debt. In some cases, the circumstances of what is owed and ...
Read MoreWhat is the relationship between tax debt and Chapter 7?
Last week this blog discussed the extremely narrow circumstances in which a debtor in Long Island could seek to have his or her student loans ...
Read MoreCan student loan debt be discharged through bankruptcy?
Student loan debt is a hot issue in today’s news, with some saying it has reached crisis levels. Many college graduates in Long Island needed ...
Read MoreCredit card debt settlement may be an option for some debtors
Some residents of Long Island may find that using a credit card is very tempting. After all, not only do credit cards allow individuals to ...
Read MoreForeclosure activity going down in the U.S., report claims
The Great Recession took its toll on individuals in New York and across the country. The housing industry was especially hit hard, with individuals finding ...
Read MoreWhen will a bankruptcy discharge take place?
The ultimate goal of any individual in New York who is filing for bankruptcy is to have his or her debts discharged. In general, a ...
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