Long Island Bankruptcy Law Blog
Debunking common myths about bankruptcy and credit
You may find your debt level in Long Island, New York, to be unmanageable, yet you may be reluctant to file for bankruptcy because of the damage it could do to your credit. At Macco Law Group, we understand your concern. As MarketWatch observes, filing for bankruptcy...
How often can you file for bankruptcy
Being compelled to file for bankruptcy is one of the most severe challenges a person may face in the course of her or his business and personal life. Nobody looks forward to the day when they are unable to fulfill financial obligations. Life being what it is, you may...
Is this debt relief company a scam?
An unfortunate fact of living in a big city is higher crime rates. When you think of crime in New York, violence might most often come to mind. It is important to remember white-collar crime causes people grief too. One of the worst types of criminals is those who...
Am I eligible for Chapter 13?
If you want to file bankruptcy in New York, it is vital that you make sure you submit the right type of bankruptcy. For consumers, this generally means filing Chapter 7 or 13. Chapter 7 has income limits that you may not meet. In addition, if you have assets you want...
The emotional toll debt takes
New Yorkers, like most Americans, work to afford a certain quality of life. However, there are times when this the money does not materialize as quickly as it gets spent. When underwater with credit card companies, the stress it brings may seem unbearable. Collection...
Bankruptcy and the boomer generation
If you are like most people in New York who is nearing, at or even after the average age of retirement, you may have looked forward to this time in your life expecting that you would have the appropriate level of savings on which to retire comfortably. Between...
What is undue hardship?
It is common knowledge that you cannot get rid of your student loans by filing bankruptcy in New York. However, what you may not know if there is an exception to that rule. You could be able to erase your student loans when you file if you can prove undue hardship....
What are the benefits of bankruptcy?
You often hear about the downsides of filing for bankruptcy in New York, but this process can be anything but negative. In fact, filing bankruptcy has many benefits that often can really save your finances and help you to get back on track. There is simply nothing...
What is the role of a Chapter 7 bankruptcy trustee?
You filed for bankruptcy and went to court with your attorney to make payment arrangements. This is a difficult time for you, but knowing the end is getting near, you are feeling much better about your monetary situation. During the bankruptcy process, your...
What are the benefits to credit counseling?
If you are a resident of New York and find yourself in over your head with overwhelming debt, you have several options. There is no need to be ashamed of debt as it is often out of your control. If you have lost a job, seen a decrease in your income, dealt with...
