When facing overwhelming debt, many New Yorkers consider filing for Chapter 7 bankruptcy as a way to get a fresh financial start. However, one of the most common concerns is whether they’ll be able to keep their personal belongings and assets. The good news is that in most cases, you can keep all of your […]
Do You Keep Your Stuff in Chapter 7 in New York? Read More »
Filing for Chapter 7 bankruptcy in New York can provide much-needed debt relief, but it’s crucial to understand what assets you may have to give up in the process. This guide will explore the intricacies of Chapter 7 bankruptcy in New York, focusing on what you might lose and what you can potentially keep. New
What Do You Lose When You File Chapter 7 in New York? Read More »
Filing for bankruptcy can provide much-needed financial relief for individuals and families struggling with overwhelming debt. However, many people considering bankruptcy in New York have questions about the costs involved, including potential monthly payments. This guide will explore the various factors that determine bankruptcy costs and monthly payments in New York, as well as provide
How Much Is the Monthly Payment for Bankruptcy in New York? Read More »
Filing for Chapter 7 bankruptcy can provide much-needed relief from overwhelming debt, but it also has a significant impact on your credit score. Bankruptcy can stay on your credit report for 10 years. The good news, however, is that you can start repairing and rebuilding your credit score after a year or so from bankruptcy
How Long Does It Take to Rebuild Credit After Chapter 7 in New York? Read More »
Dealing with tax debt can be overwhelming, especially when you’re facing financial hardship. For many New Yorkers, an IRS Offer in Compromise (OIC) can provide a lifeline to resolve their tax issues. This program allows qualified taxpayers to resolve their tax debt for less than the full amount they owe. While it can be a
10 Steps to Negotiate an IRS Offer in Compromise in New York Read More »
If you’re a New York resident facing tax debt, you’re not alone. Many individuals and businesses find themselves in situations where they owe money to the Internal Revenue Service (IRS) and struggle to pay it all at once. Fortunately, the IRS offers installment agreements as a way to manage your tax debt over time. This
Setting Up an IRS Installment Agreement for a New York Resident Read More »
It is possible for a creditor to take a house in New York state. And it is possible that a creditor’s attempt can be thwarted if they don’t follow the law. What that law is and what it means to you is explained in this article. But, firstly, if you need legal guidance regarding debt,
Can a Creditor Take My House in New York? Read More »
Various actions occur when you file for bankruptcy in NY state. To set the stage for this article, bankruptcy serves as a legal mechanism enabling those unable to repay their debts to seek relief from their financial obligations. Let’s first explain the kinds of bankruptcy and which one could be right for you. And then
What Happens When You File for Bankruptcy in NY? Read More »
If you are contemplating personal bankruptcy options, you typically have two choices: Chapter 7 and Chapter 13 bankruptcy. Chapter 13 bankruptcy is known as a wage earner’s plan and can be likened to debt restructuring, similar to refinancing a mortgage. If you meet the requirements for Chapter 13 bankruptcy, you have a great deal of
Personal Bankruptcy Options Read More »
Depending on the circumstances, Chapter 7 bankruptcy provides a quick, well outlined path to becoming debt free. This choice is for qualifying individuals and businesses who have little means of paying off their debts and are in need of a solution within a few months. Here’s a general timeline of the Chapter 7 filing process
How Long Does Chapter 7 Bankruptcy Take in New York? Read More »
