What Happens to Your Car Loan IN Chapter 7 Bankruptcy
When money is tight, the thought of losing your car can be scary. For many people in New York City’s outer boroughs, a car is not a luxury; it is how they ge…
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Questioning Chapter 7 Bankruptcy When You Own a Home in NYC
Weighing Chapter 7 When You Own a NYC Home Thinking about wiping out debt when you also own a home in New York City can feel scary. You might be getting tax documents, looking at your budget, and wondering how you will keep up with rising costs. Around this time of year, many homeowners look […]
KEEP READING . . .Debt Lawsuits vs. Chapter 7 Bankruptcy in New York
Getting hit with a debt lawsuit in New York can turn your whole life upside down. One court paper in the mail can snowball into frozen bank accounts, surprise wage garnishments, and lost tax refunds. If you are already feeling behind, that kind of hit can wreck any plan you had to catch up or […]
KEEP READING . . .Life After Chapter 7 Bankruptcy: Rebuilding in New York
Starting Fresh After Chapter 7 in New York Life after a Chapter 7 bankruptcy in New York can feel strange. There is real relief when the discharge comes through. The calls stop, the letters slow down, and the weight of old credit cards and personal loans lifts. At the same time, there can be fear, […]
KEEP READING . . .Avoiding Hidden Traps in New York Real Estate Contracts
Buying or selling a home in New York is exciting, but the contract can be full of traps that you do not see at first glance. The language is dense, the forms are long, and a single sentence can shift thousands of dollars of risk onto you. When the spring market heats up and homes […]
KEEP READING . . .Common Chapter 13 Bankruptcy Mistakes New Yorkers Regret
How Smart Planning Can Make Chapter 13 Work for You Chapter 13 bankruptcy is a court-approved repayment plan that usually runs three to five years. Instead of wiping out most debts right away like Chapter 7, you make one monthly payment to a trustee, who then pays your creditors under a plan the court approves. […]
KEEP READING . . .Protecting Your Home Purchase When the Seller Has Debts or Bankruptcy
Safeguard Your Home Purchase From Hidden Seller Debts Buying a home in New York City is stressful enough without worrying about the seller’s money problems. Many buyers fear losing a down payment, getting stuck in long delays, or finding out after the fact that there are surprise liens or claims against the property. Those fears […]
KEEP READING . . .What’s Enterprise Recovery? Understand How It Works and Your Rights
What’s Enterprise Recovery? Definition and How It Affects You If you just opened a letter from Enterprise Recovery Systems, you might be wondering what it means and what’s enterprise recovery in the first place. At a high level: Both fall under the broad idea of enterprise recovery, but they work very differently depending on whether […]
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