Bankruptcy and Renting: Navigating Housing Options
In 2023 , about 69% of New Yorkers rent their residence in NYC, while the cost to rent jumped to an all-time high as well. If you’re struggling to pay your bills while renting an apartment, many people try to put all their disposable income to paying the rent, which often leads to missing payments […]
KEEP READING . . .Is Filing Bankruptcy Bad?
In almost all of the conversations I have with people about bankruptcy, the overriding sentiment is that the bankruptcy process is a bad and embarrassing thing, and should only be an option when someone has hit rockbottom. When you speak with people who have obtained their bankruptcy discharge, they are likely to share that the […]
KEEP READING . . .Will I Lose My House If I File Chapter 7 Bankruptcy?
Battling overwhelming debt can be a tough and distressing experience, but a bankruptcy filing could possibly offer a way to regain financial stability. If you’re considering filing for Chapter 7 bankruptcy, you’re likely wondering about the potential impact on your most valuable asset: your home. In this article, we’ll delve into the complexities of filing […]
KEEP READING . . .What is the Income Limit for Filing Chapter 7 Bankruptcy?
For many individuals that want to get out of debt, Chapter 7 bankruptcy may be the best option. The main benefit of filing for bankruptcy relief is the financial fresh start that a debtor receives with their bankruptcy discharge. Before you can file your case and get your discharge, however, there are a few things […]
KEEP READING . . .Why Hire New York City Bankruptcy Lawyers to File for Chapter 7 Bankruptcy?
The recent economic challenges have affected many New Yorkers to the point of filing for bankruptcy. The city has some of the highest taxes in the world, and with the real estate market in a down turn, it’s hard for people to make ends meet. If you are living and struggling under debt, you may […]
KEEP READING . . .How Long Does Chapter 7 Stay on Credit Report?
Have you recently pulled an Experian, TransUnion, or Equifax credit report and realized you need serious help with debt? If you’re buried in bills, Chapter 7 bankruptcy may be the clean slate you need. It wipes out most unsecured debts so you can stop worrying about balances you can’t pay and start rebuilding.
KEEP READING . . .Chapter 7 vs Chapter 13: Which Bankruptcy is Better For You?
If you’re struggling with debt, bankruptcy protection may be a great option for you. Even if you do just basic research, you’ll probably quickly be pointed to chapter 7 vs chapter 13 bankruptcy. Chapter 7 and Chapter 13 are two common but different types of bankruptcy that many individuals use for personal bankruptcy. When it […]
KEEP READING . . .What Happens If I Declare Bankruptcy?
There are many misconceptions about bankruptcy protection, and most of them revolve around the idea that filing for bankruptcy is one of the worst things you can do. Many of these misconceptions are pushed by the huge financial institutions that would rather you starve or be living on the street than not pay your bills. […]
KEEP READING . . .