What Happens When Your Mortgage Forbearance Program Ends? If you live in New York, and you’re your mortgage forbearance is about to expire, the are a number of things need to know. Running Out of Time If you entered into a mortgage forbearance program last year (whether it was COVID-19 related or not), your forbearance is rapidly… Continue Reading »
What Other Types of Bankruptcy Are There As a New Yorker. you’ve heard of bankruptcy Chapters 7, 11, and 13 – but have you ever heard of Chapters 9, 12, and 15? What is Chapter 9 Bankruptcy? Chapter 9 bankruptcy covers municipalities (cities and villages), counties, utilities, and school districts. Like Chapters 11 and 13,… Continue Reading »
My Business is Drowning in Debt! What Can I Do? If your business changed into badly harm by way of the pandemic close down, you’ll be capable of reorganize your company’s money owed underneath a unique sort of Chapter 11 bankruptcy. COVID Was Also a Small Business Disaster In New York, small agencies have been… Continue Reading »
Foreclosure Defense Foreclosure laws are very complex, and it is common for lenders to have made an error in the process. Such mistakes often include timing or giving notice – and this may lead to a foreclosure defense. Statute of Limitations for a Mortgage Foreclosure A common defense to a lender’s attempt to foreclose involves the… Continue Reading »
Small Businesses and the End of the Eviction Moratoriums If your business was behind in its mortgage or lease due to the pandemic, the end of various eviction moratoriums could mean you should talk to a bankruptcy lawyer about Chapter 11. The End of the Eviction Moratoriums While the media tended to concentrate how the various eviction… Continue Reading »
How Does Chapter 13 Bankruptcy Work? If you’re behind on all your bills, including your mortgage, and just need more time to catch up, asking a debt lawyer about Chapter 13 bankruptcy may be your best option. Reducing and Reorganizing Your Debt Unlike Chapter 7 bankruptcy, which wipes out your debt (as well as your… Continue Reading »
Coronavirus and Foreclosures in NYS With so many Americans suddenly unemployed due to COVID-19, a huge number of homeowners are unable to make their mortgage payments, forcing people to go into foreclosure. Governor Andrew M. Cuomo first announced a New York State moratorium on residential and commercial foreclosures on March 20, 2020 to ensure people… Continue Reading »
Do I Have to Pay My Old Debts? On the off chance that you live in New York and have some old obligations, there is a legal time limit you need to think about. However, it may not ensure you against “zombie” obligations. On the off chance that you live in New York, and obligation… Continue Reading »
