Long Island Bankruptcy Law Blog

How Long Does Foreclosure Take in NY?

Foreclosure is a legal term that no homeowner wants to hear. It means you have been unable to keep up with your mortgage payments and ...

How to File Chapter 7 with No Money

A Chapter 7 bankruptcy filing can provide much-needed relief to individuals struggling with overwhelming debt. However, the cost of filing can be a significant barrier ...

Can I File Bankruptcy Without My Spouse?

Filing for bankruptcy is a big decision that can have significant consequences on your financial life. One of the questions that married couples often ask ...

Will I lose my retirement money in Chapter 7 bankruptcy?

Filing for Chapter 7 bankruptcy might be your best chance to free yourself from burdensome debt. However, you may fear that the liquidation process will ...

What is compound interest?

Compound interest is not exciting. However, it is essential to most financial systems. Basically, it is money that lenders earn. For example, a savings account ...

How do you keep yourself out of debt?

New York residents like you do not want to fall back into debt once you start making your way out of it. Of course, this ...

New rule could be harmful to consumers

Currently, debt collectors in New York and throughout the country are forbidden from contacting debtors by email or through text messages. However, the Consumer Financial ...

What is the snowball method and does it work?

If you currently feel like you waded way in over your head in debt, bankruptcy may start looking like an attractive option. Bankruptcy may certainly ...

Should you use a personal loan to consolidate debt?

If you have outstanding credit card debt, wish to lower your interest rates and simplify your monthly repayment obligations, you may consider taking out a ...

Why should you not increase debt just before bankruptcy?

When you file bankruptcy in New York, it puts your finances under a microscope. This includes monitoring your spending. In general, any money you have ...