Month: April 2020

Debt Negotiation

The Best Bankruptcy Lawyer in Staten Island

If you are looking to file bankruptcy because you are in debt, you are not alone. Many people in Staten Island file bankruptcy everyday because they have fallen behind on their bills. Having debt looming over your head can cause physical and emotional stress. Finding the best bankruptcy lawyer in Staten Island is a good way to get out of debt and start over. A good Staten Island bankruptcy lawyer will be able to review your financial situation and determine if filing bankruptcy in Staten Island is the right option for you. 

Fair Debt Collection Practices Act Lawyer

Is there an Affordable Bankruptcy Lawyer In Staten Island

If you are thinking about filing bankruptcy in Staten Island, you are probably looking for an affordable bankruptcy lawyer. Bankruptcy is a great tool for many individuals and businesses that have debts. Filing a Staten Island bankruptcy can help you eliminate your debt and start over. When individuals file bankruptcy they can start over financially and start rebuilding their credit score. A good bankruptcy lawyer in Staten Island costs money. Bankruptcy laws are complicated and confusing. Our bankruptcy law office gets calls all the time from people who filed their bankruptcy petition on their own and are now facing issues. Although a good Staten Island bankruptcy lawyer may seem expensive, the cost of doing it yourself can end up costing you much more problems. 

What Happen If I Fall Behind on My Mortgage after a Loan Modification

If you are struggling to pay your mortgage each month, you are not alone. Many individuals find themselves struggling to make their mortgage payments and don’t know where to turn. Many homeoweners experience financial changes and whether they can make a mortgage payment can become a concern. Many individuals find it stressful when something in life happens beyond their control, and the mortgage company won’t work with them. If foreclosure is in the near future it is time to seek some help by speaking with a Staten Island bankruptcy lawyer. 

How Many Times Can I File Bankruptcy In Staten Island, NY

If you are struggling to pay your bills, you are not alone. There are many hardships people face that cause them to fall behind on their bills. As a Staten Island bankruptcy lawyer, many clients ask us, “How many times can I file for bankruptcy?” If you find yourself back in a bad financial situation after already claiming bankruptcy before, you are not alone. Your ability to file bankruptcy will depend on a few factors. Some of the factors that need to be considered if you are thinking about filing bankruptcy again are: (1) when was my previous bankruptcy peititon filed (2) what chapter of bankruptcy did I previously file and (3) what chapter of bankruptcy am I looking to file now. The Bankruptcy code stops people from filing numerous times in a short period of time. The Bankruptcy Code limits when individuals can get a discharge and be afforded protections under the automatic stay. 

Staten Island Medical Debt Lawyer

Does Bankruptcy Eliminate Medical Debt If I Get Sick From the Coronavirus (COVID-19)

If you have medical debt and are thinking about filing bankruptcy, you should not ignore these bills. Many individuals will start by receiving late payment notices. Ignoring these can eventually lead to a medical provider suing you and getting a money judgment against you. A money judgment can lead to a wage garnishment, bank levy, or the placement of a lien on any property that you own. These can have huge impacts on your credit score and financial situaion. When a creditor gets a judgment against you, they can garnish up to 10% of your gross wages. This can be a large lump sum for people who are already struggling to make ends meet. 

Filing bankruptcy to get rid of medical debt, can be a great way to get back on your feet. Individuals looking to file bankruptcy, have two options. They can file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. 

Filing Bankruptcy Impact Credit Score in Chapter 7

Does My Stimulus Check Count As Income If I File Bankruptcy?

If you are thinking about filing bankruptcy because of the coronavirus pandemic or are already in a Chapter 13 repayment plan, you may be wondering “will my stimulus check count as income if I file Bankruptcy?” Fortunately, the United States Trustee’s office recently posted an answer to this question. 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. 

Under the Cares Act of 2020 the Federal government will soon begin issuing recovery rebates to qualified individuals. Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 the rebates will give individuals who make less than $75,000 a maximum of $1,200. While married couples, who file jointly, and make less than $150,000 will be entitled to a maximum rebate of $2,400. Moreover, an additional $500 will be paid for each qualifying child under the age of 17. 

What Is The Downside of Filing Bankruptcy in Staten Island

Many people who are in debt, often contemplate filing bankruptcy. Many people who are thinking about filing bankruptcy in Staten Island research all of the bad conotations that go along with filing bankruptcy and  wonder “What is the downside of filing bankruptcy?” For people who are riddled with debt and can barley make ends meet, filing bankruptcy often has more advantages than disadvantages. If you have been falling behind on your debts, filing bankruptcy is a legal way to get your debts eliminated. 

Fair Debt Collection Practices Act Lawyer

I Lost My Income Due to the Coronavirus (Covid-19). Should I File Bankruptcy 

As the impact of the coronavirus continues impacting the livelihood of many individuals, people are contemplating whether or not they should be filing bankruptcy. With so much uncertainty many individuals have lost their income and feel that they have nowhere to turn. The Coronavirus outbreak is leaving many individuals confused about their finances. Below we will look at whether filing bankruptcy because of the coronavirus is the right choice for you. 

What Happens When You File Bankruptcy in Staten Island

Many people contemplate filing bankruptcy as a last resort. People who are suffering financially can file bankruptcy in Staten Island to help them get out of debt. Bankruptcy can be a great tool to get individuals back on their feet and start over. If you are thinking about filing a Staten Island Bankruptcy, you are probably wondering what happens when you file bankruptcy in Staten Island. Below well will discuss what will happen to your credit score when you file bankruptcy in Staten Island.

Life After Filing Bankruptcy

Many people who are struggling to pay their credit card debt, personal loans or medical bills often try to find local bankruptcy lawyers to speak with them. Many times individuals who are looking for a bankruptcy lawyers in New Jersey or bankruptcy lawyers in Staten Island, always want to speak with a local lawyer to be reassured that if they decide go forward with filing bankruptcy, their life won’t be ruined forever. As a New Jersey bankruptcy lawyer and Staten Island bankruptcy lawyer, that files many bankruptcy cases, I can tell you first hand, that life after bankruptcy for most is a lot better than what it was before they filed. 

Will I Be Able to Get Credit Again If I File Bankruptcy?
One of the most asked questions we get is “Will I be able to get credit again if I file bankruptcy?” Fortunately, the asnwer is yes. Many individuals read information from debt settlement companies online that say that if you file bankruptcy, you won’t ever be able to get credit again. This is completely false. Most of our bankruptcy clients extend credit as soon as our client receives a bankruptcy discharge. Filing bankruptcy will not ruin your life forever. Mortgage lenders, motorvehicle lenders, and credit card companies will not automatically not lend credit because you filed bankruptcy. Bankruptcy laws were enacted to help individuals who needed a fresh financial start. The very purpose of bankruptcy is to allow people to get back ontheir feet. Thus, filing bankruptcy can be a great step in the right direction. 

When individuals file bankruptcy often times their credit score goes up. This is because credit bureaus take into consideration debt to income ratio. After a bankruptcy is filed an individual has no debt. Thus, credit scores in some scenerios actually increase after filing bankruptcy.