Is Chapter 7 Bankruptcy Right for You? If you are drowning in credit card debt or medical bills, Chapter 7 bankruptcy may be your way out. Do you quality for Chapter 7 bankruptcy? You might if: You owe more than 50% of what you bring home each year It would take you over 5 years… 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 »
What is an Adversary Proceeding? In New York, your bankruptcy process can come to a screeching halt if your creditors or trustees file objections and start adversary proceedings. Reaching the Bankruptcy Discharge Stage The main goal for everyone going through bankruptcy is to reach the discharge stage – the point where the court permanently releases… 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 authorities… 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 »
Home loan Modifications During COVID-19 Pre-COVID: Mortgage Modifications Agreements in General In case you’re battling to stay aware of home loan installments and are looking for approaches to keep away from abandonment, there two or three different ways that could offer the assistance you need. To start with, being a home loan alteration, which is… Continue Reading »
