Long Island Bankruptcy Law Blog

New rule could be harmful to consumers

Currently, debt collectors in New York and throughout the country are forbidden from contacting debtors by email or through text messages. However, the Consumer Financial ...

What is the snowball method and does it work?

If you currently feel like you waded way in over your head in debt, bankruptcy may start looking like an attractive option. Bankruptcy may certainly ...

Should you use a personal loan to consolidate debt?

If you have outstanding credit card debt, wish to lower your interest rates and simplify your monthly repayment obligations, you may consider taking out a ...

Why should you not increase debt just before bankruptcy?

When you file bankruptcy in New York, it puts your finances under a microscope. This includes monitoring your spending. In general, any money you have ...

What is the Fair Debt Collection Practices Act?

New York residents like you may get into situations in which you end up struggling with debt. There are numerous different reasons that backslides into ...

Options for debtors who suspend Chapter 13 payments

One of the problems some New York residents have with Chapter 13 bankruptcies is that they take three to five years to complete. The problem ...

What’s the difference between good and bad debt?

There is such a thing as good debt. The trick is learning the difference between which debt will cause you problems and which debt will ...

What is the Chapter 7 timeline?

When you file bankruptcy, it may feel like you do a lot in the beginning and then sit around waiting for a long time before ...

What are priority debts?

When you file for Chapter 13 bankruptcy, you must create a repayment plan that lists all of your debts, but the court does not treat ...

Traffic accidents, credit card debt and bankruptcy

If you were recently involved in an auto accident, our law firm realizes how tough your life likely is at the moment, especially if you ...

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Long Island Bankruptcy Law Blog