The stigma of filing for bankruptcy remains persistent despite the changing face of bankruptcy. Because of it, many ill conceived notions are never really rectified by bankruptcy courts. Here is what you need to know that bankruptcy courts will not tell you. Bankruptcy filers come from all socioeconomic backgrounds Bankruptcy can happen to anybody. There … Continue reading Understanding Bankruptcy in New York →

Members of the Obama administration are understandably dismayed by the soaring number of consumer bankruptcy filings hitting the United States. According to the latest numbers from the American Bankruptcy Institute, consumer filings are scheduled to hit their highest level this year since 2005. Such filings, of course, are devastating for consumers; depending on the type … Continue reading Personal Bankruptcy Obama Administration →

Most of the debtors might not be completely aware regarding who may file chapter 7 bankruptcy. In the US, bankruptcies are commonly filed under chapter 7, 11 and 13. And during the first half of 2009, there was a drastic increase of 33% when it came to personal bankruptcy filings. Most of the debtors might … Continue reading Who May File Chapter 7 Bankruptcy? →

The House Judiciary Committee approved legislation aimed at helping Americans keep their homes through bankruptcy. The Helping Families Save Their Homes In Bankruptcy Act of 2009 to give courts the power to make mortgage loan modification to bring mortgages in line with underlying home values. For families in distress, this is a much-needed addition to … Continue reading Foreclosure Relief: Approved! →

Should you be experiencing a financial problems and fear losing the house, understand you aren’t alone. Just like millions of other homeowners, you might have lost a job or suffered a pay cut, your adjustable rate mortgage may have reset and you can’t afford the payment, or falling property values mean you can not refinance. … Continue reading Fear Losing The House? You’re Not Alone →

The latest chapter of the mortgage crisis may actually help some homeowners facing foreclosure rather than hurt them. Recently, it has come to light that many of the nation’s biggest lenders, including Bank of America, JP Morgan Chase and GMAC, have been using questionable documentation to foreclose on homes all across the country. In some … Continue reading Bankruptcy Protection for Homeowners →

In my  years as a consumer and , I have represented over 5,000 clients. I can honestly say that not many of these clients have had a good financial plan. If they did, they wouldn’t be in my office speaking to a bankruptcy attorney. One common mistake is taking money out of 401k plans or … Continue reading Is Bankruptcy A Failure Or Good? →

Queens has the highest retail vacancy rate in New York City — at 13.7 percent, it is nearly double the rate that Manhattan had in the second quarter of this year. But if there’s one spot where empty storefronts are a rare commodity, it is on Roosevelt Avenue, between roughly 72nd Street and 84th Street, … Continue reading Queens Real Estate →

The first step you’ll want to take when choosing a personal bankruptcy attorney in Queens County New York is finding out practice areas of your lawyer. Some attorneys practice particularly in personal bankruptcy related matters. Other lawyers have a more general practice where they might cover a number of practice areas with bankruptcy being one … Continue reading Find A Good Bankruptcy Attorney in Queens →

Personal bankruptcies continue to be out of control and will likely grow to 1.6 million by the end of the year according to the American Bankruptcy Institute report released this week. That will make this year’s bankruptcies the worst in recorded history, except for a sharp increase in 2005 when Congress changed the bankruptcy laws … Continue reading Personal Bankruptcy with Chapter 7 →