Long Island Bankruptcy Law Blog
Which debts should you pay first?
New York residents who fall into debt often have a long road ahead of them to get back out. Paying off debts sometimes feels like a monumental task. Today we will take a look at some of the strategies that may be useful in tackling debt. We will start with which debts...
How can I avoid common money mistakes?
Why are so many people so bad with money? In many cases, the problem can stem from spending habits that have developed over time. Perhaps your parents weren't great with money and set a poor example. Or maybe you're having problems in other areas of your life and you...
Unmanageable debt may cause PTSD-like symptoms
Whether you have considerable consumer debt, outstanding medical bills, student loans or any other financial obligation you cannot meet, you likely know how stressful debt can be. A recent study indicates that unmanageable debt may take an incredible toll on a...
What are some signs my credit card debt is out of control?
If you use your credit cards regularly, it can be difficult to see a problem. You may be into a routine with managing your credit cards in a certain way that you cannot see that your debt is out of control. When this happens, it is a slippery slope to falling behind...
What are the benefits of filing Chapter 13?
If you want to file for bankruptcy, you will have two options. You can file Chapter 7 or Chapter 13. A Chapter 7 bankruptcy wipes out your debt. The court liquidates your non-exempt assets and uses those funds to repay your debts. The court then discharges any debts...
Do you need debt relief tips for the new year?
With the beginning of the new year comes a new opportunity to improve your financial health and enjoy a better life for yourself in New York. While you may have no problem making financial resolutions, you may stumble when it comes to sticking to those resolutions. ...
Breaking down the Chapter 7 means test
No one in Long Island is immune to the potential of financial struggles. Such struggles often result in mounting debt, which can make it more and more difficult for one to re-establish themselves on a firm financial footing. A Chapter 7 bankruptcy might afford one the...
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...
