Recent Blog Posts
Congress Considers New Bill That Will Allow Student Loan Debt Discharged in Bankruptcy
There are common types of debt that lead people to file for bankruptcy. Two of the most common are medical debt and credit card debt. One type of debt that has overwhelmed millions of Americans but is rarely allowed to [...]
Can Filing for Bankruptcy Stop an Eviction?
In May, New York lawmakers extended the state's COVID eviction moratorium through the end of August. The moratorium put a temporary stop on evictions for renters who could prove that the financial difficulties they were having were due to the [...]
What Are the Requirements for Filing a Divorce in New York?
A new “cooling off” law passed in China has resulted in a more than 70 percent drop in the country’s divorce rate. The new law went into effect January 1 and requires couples who file for divorce to wait 30 [...]
How Will My New York Bankruptcy Affect Future Rental Applications?
As we discussed in our last post, one of the things you will need to prepare for when filing for bankruptcy is the impact on your credit report. Your credit not only affects your ability to qualify for new loans, [...]
How Can I Rebuild My Credit After Filing for Bankruptcy?
If you are considering filing for bankruptcy, you may be concerned about the fact that a bankruptcy filing will remain on your credit report for 10 years, making it more difficult to obtain housing, loans, and credit accounts in the [...]
What Happens if Someone is Appointed Guardian of My Property in New York?
In New York and throughout the United States, adults typically have the authority and responsibility to manage their own property and finances. However, in some cases, a New York court will appoint a legal guardian to manage another adult’s property. [...]
Is Bankruptcy the Right Choice for Relief From My Medical Debts?
Medical debt is a serious problem that plagues millions of people throughout the U.S. In 2020, surveys conducted by Credit Karma and Debt.com found that the average American has over $2,000 in medical debt, and a substantial portion of the [...]
How Can a Divorce Affect My Business in New York?
Many people think of their home and work lives as being substantially separate. If you own a business, especially one in which your spouse has little to no involvement, it may seem logical that the business would be your own [...]
What Assets Can I Keep in a Chapter 7 Bankruptcy in New York?
Filing for bankruptcy can provide substantial relief for those struggling with unmanageable debts, but it can come at a cost. With the option of Chapter 7 bankruptcy in particular, many people are concerned about the necessity of liquidating their assets [...]
Dealing With Divorce and Foreclosure at the Same Time
Considering that financial stress is often a contributing cause of divorce and that the divorce process also often results in financial losses for both spouses, it is understandable that you may find yourself at risk of foreclosure on your home before, during, [...]
