Debt Consolidation vs Bankruptcy: A Comparison
When many of my eventual clients first meet with me about bankruptcy, they want to know about other options to deal with their debt – they especially ask about debt consolidation vs bankruptcy. Settlement plans. Balance transfers. A popular one is loan consolidation. Unfortunately, all these alternatives leave you doing the same thing over and […]
KEEP READING . . .Are there income limits in bankruptcy?
If you’re dealing with debt, then you might be interest in learning more about whether you can file for bankruptcy. One of the key things that have to be analyzed in every bankruptcy case is the income available to the person filing for bankruptcy. This raises the question: are there income limits in bankruptcy?
KEEP READING . . .Can I file for bankruptcy to include a repossessed car?
When I think of buying a car, I think of it as a fun experience. When you find the car that’s right for you, though, the next step is figuring out how you’re going to pay for it. If you default, though, and the car is repossessed, can you file bankruptcy for a repossessed car?
KEEP READING . . .How Chapter 13 Bankruptcy Works in Queens
Bankruptcy cases fall under the Bankruptcy Code, 11 U. S. C. Section 101, et seq. This is federal law. Notwithstanding, state and local laws intertwine with each and every bankruptcy case. Additionally, there are several differences between chapter 7 bankruptcy versus chapter 13 bankruptcy. In this article, we will take a look at how chapter […]
KEEP READING . . .How Chapter 7 Bankruptcy Works in Queens and Brooklyn
Bankruptcy cases fall under the Bankruptcy Code, 11 U. S. C. Section 101, et seq. This is federal law. Notwithstanding, state and local laws intertwine with each and every bankruptcy case. With that said, many people call and ask, how does chapter 7 bankruptcy work if you’re in Queens or Brooklyn.
KEEP READING . . .When you have debt, what to do: Debt Consolidation vs Bankruptcy
If money is tight for you, and you’re struggling with your debt, you may be looking to take action. Bankruptcy, it seems, is the “last resort” for people (which I don’t think it should be – bankruptcy can be used strategically). You see commercials for debt consolidation programs that offer low monthly payments to get […]
KEEP READING . . .I received a wage garnishment. Can filing for Bankruptcy help?
You get home and check your mail when you notice a discreet envelope from a marshal’s office that says “Personal and Confidential.” You open it up and you see, in big letters at the top of the letter, “GARNISHMENT.” In a few weeks, you notice that your paycheck is smaller. You notice a new deduction: […]
KEEP READING . . .In bankruptcy, is there a difference between a “debt” and a “claim”?
Legal cases often hinge around very fine, technical distinctions between words. This is one of those times. In this article, we’ll take a look at a very important issue: in bankruptcy, is there a difference between a “debt” and a “claim?”
KEEP READING . . .