Long Island Bankruptcy Law Blog
What is a secured credit card?
If you are like millions of Americans, you are dealing with the after-effects of Chapter 7 or Chapter 13 bankruptcy. Plenty of people just like you in Long Island are wondering how to rebuild their credit after declaring bankruptcy, and many outlets like The Balance...
read moreAdvantages and disadvantages to the snowball method for debt
Living life in New York receives an upgrade when a person does not have to worry about mounting debt. Using the snowball method, focusing on paying off smaller debts before concentrating on larger debts, can act as an effective way to pay off debt and manage one’s...
read moreWhen are student loans dischargeable in bankruptcy?
When it comes to filing bankruptcy in New York, one of the top things you have probably been told is that you cannot discharge your student loans. Many people like to say that your student loans will outlive you because there is not way to get rid of them expect to...
read moreWhat are the main differences between Chapter 7 and Chapter 13?
If you face severe financial problems in New York and have begun thinking about filing bankruptcy, you likely have numerous questions. For instance, which type of bankruptcy, Chapter 7 or Chapter 13, is best for you? And how are they different one from the other?...
read moreWill I be able to pay my other bills during 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 on hand becomes an asset that the court can take except for the amount exempt under bankruptcy laws. This may be...
read moreMeeting with your creditors during the bankruptcy process
When creditors call constantly wanting you to send them payments, you may begin to feel anxiety over talking to them. Now that you know one of the steps of a New York bankruptcy is meeting with your creditors, it could feel like a significant cause for worry. At Macco...
read moreFactors that lead to bankruptcy
Going through a financial disaster is a confusing and intimidating time. As you struggle to keep yourself afloat, you may think about declaring personal bankruptcy. One helpful thing to keep in mind is that you are not alone in your financial turmoil. Filing for...
read moreCredit card charge-offs increase
Consumers in New York may be well aware that most people consider the current economy to be strong and healthy. That, however, does not mean that there are not plenty of individuals out there who may be unable to pay their bills and who are struggling with...
read moreChanging spending habits to decrease debt
Unfortunately, debt is something that affects many New Yorkers. Whether it comes from surprise medical bills or simply from someone getting in over their head with their style of living, a person can end up owing more money than they feel they can pay off. ...
read moreKnow when to consider Chapter 7 bankruptcy
When you are having financial problems in New York, you may sometimes think that putting more money toward your debt is the only solution. Sometimes, though, this solution may not fix your current situation and you may need a more serious plan of action. At Macco and...
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