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 . . .The Most Essential Chapter 7 Bankruptcy Forms You Need to Complete
Chapter 7 bankruptcy, also known as liquidation bankruptcy, is a legal process that allows individuals to obtain a discharge of many types of debt, including unsecured debts such as credit card bills and medical expenses, as well as secured debts such as mortgages or auto loans. In the preamble for the Bankruptcy Code, it mentions […]
KEEP READING . . .Can I get a car loan after chapter 7 bankruptcy?
For many people that file bankruptcy, one of their most valuable assets is their car. Not just because of the cost and value of a car, but also because it’s how they get around, get to work, get their children to daycare or school. Some people have been unable to get a car because of […]
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 . . .Holiday Spending and Bankruptcy
For bankruptcy practitioners, the holidays pose a major concern when trying to prepare a person’s petition and schedules who will be filing for bankruptcy. More often than not, people will spend monies that may be available on gifts for relatives and friends rather than pay off creditors. While trustees, who oversee and administer bankruptcy cases, […]
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