Category: LLP Page 16

What are some advantages to filing for Chapter 7 bankruptcy?

The decision to file bankruptcy is a big one. However, before even filing a debtor in Long Island will need to decide is whether to ...

Be wary of debt negotiation programs in Long Island

For the many individuals in Long Island struggling under a mountain of debt, searching for a way out can seem impossible. In situations like these, ...

Late-night TV show host wipes out millions in medical debt

Residents of Long Island may be familiar with the work of “Last Week Tonight” television host John Oliver. In one recent episode regarding the debt-buying ...

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 ...

Facing 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 ...

New 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 ...

What 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 ...

New 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 ...

What 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 ...

Can 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 ...