Month: April 2020

Staten Island bankruptcy lawyer

Veterans Exemptions and Bankruptcy in New Jersey & New York

Recent studies have suggested that many veterans who were injured are living below the poverty line in New York and New Jersey. If you are a veteran, you may be wondering about the different bankruptcy laws that apply to you. Federal bankruptcy law gives veterans certain benefits if they have to file bankruptcy. Some of these benefits are for active duty members and compensation for disabled veterans injured in the line of duty. Prior to 2019, veterans benefits had to be relinqushed to the bankruptcy court. In 2019, the federal laws changed to allow protections to veterans’ benefits from creditors. This law is known as the HAVEN ACT which allows stronger protections to veterans’ filing bankruptcy. 

Understanding Bankruptcy Fraud, From A Staten Island Bankruptcy Attorney

If you are thinking about filing bankruptcy in Staten Island, you probably have heard many misconceptions about the personal bankruptcy process. One of the most common misconceptions that people hear about are that all debts are dischargeable in bankruptcy, Most debts are dischargeable, however there are some debts that are deemed “non dischargeable.” Debts that are non dischargeable in bankruptcy, include alimony child support, some tax debt, and student loans. 

Loan Modification

If you are behind on your mortgage payments and are looking to save your Staten Island Real Estate from foreclosure, you may be contemplating doing a loan modification. A loan modification is a special program that banks offer to help individuals with their mortgage payments. 

What Can a Staten Island Bankruptcy lawyer Do For Me?

If you are considering filing bankruptcy in Staten Island, you may be wondering “what can a Staten Island bankruptcy lawyer do for me?” Being behind on bills can be extremely stressful. If you are in a financial rut and considering filing bankruptcy, it’s natural to wonder if you should hire a bankruptcy lawyer to help you. You may think that by not hiring a bankruptcy lawyer to help you, you will be saving money. This is a costly mistake and can cause you an even bigger financial hardship. Hiring a bankruptcy lawyer to help you file your Staten Island bankruptcy can save you a lot of hassle and stress by ensuring that your case is handled properly. 

Filing Bankruptcy Impact Credit Score in Chapter 7

How Long Does a Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Last?

If you are thinking about filing bankruptcy, you may be wondering “how long does a Chaptre 7 bankruptcy and Chapter 13 bankruptcy last?” Both types of bankruptcy can help you, if you are in debt. If you want to file bankruptcy but want to know how long the bankruptcy process is, you have come to the right place. Below we will talk about each chapter. 

What is Happening to Student Loans During the Coronavirus?

If you are like more than half of Americans with student loan debt, you are probably wondering “what is happening to student loans during the coronavirus?” Luckily, if you are behind on your student loans payments or are unemployed, you will be happy to hear that president Trump signed a bill providing relief to struggling student loan borrowers in the wake of the coronavirus pandemic. 

How Does The Bill Impact My Student Loans?
The bill has put a six month suspension on all student loan payments that are federally held. This bill is intended to help individuals who can’t make their monthly student loan payments because of the ongoing coronavirus pandemic. Normally, individuals who default on their student loans face garnishments, bank levies, and witholding tax refunds from their student loan creditor. This bill will provide a sense of relief while the pandemic is going on. Collection agencies won’t be able to call you or send you letters. 

New Jersey bankruptcy lawyer

Does My Stimulus Check Count as Income If I File Bankruptcy in New Jersey

If you are thinking about filing bankruptcy a New Jersey bankruptcy because you are unemployed due to the coronavirus pandemic or are already in a Chapter 13 repayment plan in New Jersey, you may be wondering “will my stimulus check count as income if I file Bankruptcy?” Fortunately, if you are filing bankruptcy in New Jersey, the United States Trustee’s office recently provided an answer to this question that many individuals in New Jersey are wondering. on April 7, 2020  the United States Trustee’s office, stated that stimulus checks should not be included when calculating an individual’s current monthly income on the New Jersey Means Test. 

Fair Debt Collection Practices Act Lawyer

5 Facts About Filing Bankruptcy That You Didn’t Know

If you are in debt and thinking about filing bankruptcy, you may have heard many negative connotations surrounding filing bankruptcy. However, there are 5 facts about filing bankruptcy that most people don’t tell you. Filing for Chapter 7 bankruptcy of Chapter 13 bankruptcy can seem unpleasant. However, many companies fail to tell individuals the good things about filing bankruptcy. Let’s see what they are below.

Staten Island Bankruptcy Legal Services

If you are drowning in debt and don’t know where to turn, you may be looking for Staten Island bankruptcy legal services. Karra L. Kingston Esq. has helped people who are strugging with debt, get out of debt and start over financially. Harassing debt collectors can be mentally and physically exhausting! With the help of our Staten Island bankruptcy lawyers you can get out of debt in no time!