Category: Chapter 7

Will I lose my house in a bankruptcy?

Going through bankruptcy may end up being the best decision that you ever make for your financial and mental health. However, there are some concerns ...

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What are 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 ...

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An overview of how Chapter 7 bankruptcy works

Even though the national economy has rebounded nicely in the last few years and the stock market is regularly reaching all-time highs, the unfortunate reality ...

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How do you make the decision to file for Chapter 7 bankruptcy?

When New York residents face financial challenges, they also face difficult questions. They may explore all of the possible options, but, in many cases, the ...

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What is a “trustee” in a Chapter 7 bankruptcy?

The economic downturn of 2008 hit many Long Islanders and other New York residents hard. The economic slowdown affected the ability of businesses to hire ...

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What are some examples of Chapter 7 bankruptcy exemptions?

When a person in Long Island files for Chapter 7 bankruptcy, his or her property will be collected and then sold off to pay back ...

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Reaffirming debt in a Chapter 7 bankruptcy

As some Long Island residents may already know, a Chapter 7 bankruptcy filing can be the financial lifeline they need to climb out from under ...

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Tackling unmanageable debt through Chapter 7 bankruptcy

Perhaps it is credit card debt combined with high interest rates that has become unmanageable. Or, perhaps, a major illness has resulted in ever-mounting medical ...

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What are some advantages to filing for Chapter 7 bankruptcy?

The decision to file bankruptcy is a big one. However, before even filing a debtor in Long Island will need to decide is whether to ...

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What makes a debtor eligible to seek Chapter 7 bankruptcy?

Facing overwhelming debt can take over every aspect of an individual’s life. The stress of constant calls from creditors, threats of repossession, the possibility of ...

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