Category: Firm News Page 7

$1 trillion in credit card debt in America

There are many different indicators that economists keep track of to measure the so-called “health” of the national economy. Credit card debt is one such ...

What are the advantages of Chapter 11 bankruptcy?

By most indications, the national economy is on the upswing. That should be good news for everyone, including businesses in New York. But, unfortunately, there ...

Stopping a foreclosure with a Chapter 13 bankruptcy filing

As a recent post here noted, many New York residents are still facing problems meeting their monthly mortgage payments, even as the national housing markets ...

What is the timeline in a foreclosure?

Although many New York residents were able to make it through the economic turmoil of the last decade in fair financial shape, the reality is ...

Credit card debt in America now close to 2007 high mark

Debt accumulated on credit cards is one of the most common reasons for Americans to file for bankruptcy. Now, according to a recent report, accumulated ...

What steps should you take to address debt and bankruptcy?

Many New York residents are facing a problem that millions of other Americans throughout the country are also facing: debt. Whether it is student loan ...

US residents have rising credit card debt vs. savings ratios

One way to measure the health of an individual or household’s financial health is to look at the ratio of debt to savings. This is ...

Helping New Yorkers qualify for personal bankruptcy

Filing for bankruptcy is not an easy decision for most people. Admitting one has gotten into more debt than he or she can handled can ...

Things New Yorkers should know about debt relief

Our modern world contains many ways to create debt. Whether due to a loss of income, a serious medical event, or the collapse of an ...

What is a ‘judicial foreclosure’ in New York?

It is an unfortunate fact that, for many reasons, foreclosure rates in the United States have accelerated in recent years. For Long Islanders that have ...