Long Island Bankruptcy Law Blog
Filing for bankruptcy when married
There is perhaps no more dreaded word in the world of finance than bankruptcy. Many people in New York view it as the end of ...
Read MoreUsing your credit card responsibly
Having a credit card is a helpful way for you to establish credit and build your score. However, irresponsibly or carelessly using your credit card ...
Read MoreCredit basics
Credit, on the face of things, seems simple. As explained by the Federal Trade Commission, a simple definition of credit would be as follows: People ...
Read MoreNew Yorkers carry a high burden of student debt
For individuals in their 20s and 30s, student loan debt continues to affect overall financial well-being. Until at least very recently, recent trends show student ...
Read MoreWhat is a debt snowball?
There are many different ways to approach paying off credit card debt. Two of the most popular approaches are either the “debt snowball” or the ...
Read MoreDoes Chapter 7 discharge all your debts?
If you think that Chapter 7 bankruptcy discharges all of your debts, think again. FindLaw explains that while it is true that Chapter 7 will ...
Read MoreTips for paying down medical bills
Research published in 2019 found that 66.5% of personal bankruptcies filed in New York and elsewhere that year were related to medical debt. According to ...
Read MoreWhat do you know about the psychological impact of debt?
As a resident of New York who owns property, the term “home equity” has likely come up multiple times. Understanding home equity and how to use ...
Read MoreUnderstanding the bankruptcy homestead exemption
A common misconception about bankruptcy is that it offers some sort of escape. In reality, it is a sacrifice whose decision many people in Long ...
Read MoreWhat are some tips for paying down my credit card debt?
It is difficult to face credit card bills that keep stacking up. If you find yourself overloaded with credit card debt, it is possible to ...
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