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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. 

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. 

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. 

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. 

Filing Bankruptcy in Staten Island, New York  

Staten Island is a special place to live, it is the only borough that is not connected to the New York City subway system. However, the free ferry allows a fairly easy ride for individuals living in Staten Islanders to commute to New York City. If you are overwhelmed with debt and live in Staten Island, you are not alone. Many individuals with debt file a Staten Island file Chapter 7 bankruptcy to help them get out of a financial rut. Recently, the contractor who was supposed to complete the Lighthouse point project on Staten Island filed bankruptcy. Bankruptcy is not an easy decision, but it can help you if you are in debt. Filing bankruptcy in Staten Island can get you back on the right financial path. If you have faced divorce, medical issues or job loss filing bankruptcy in Staten Island can make things better. 

Congress created bankruptcy laws to help people who fell into unfortunate circumstances, a way out. Chapter 7 bankruptcy and Chapter 13 bankruptcy are the most common chapter that individuals file. Chapter 7 bankruptcy in Staten Island takes 4-6 months to complete while a Chapter 13 bankruptcy takes 3-5 years to complete. Both types of bankruptcies, allow individuals to get back on their feet. The difference in a Chapter 13 bankruptcy vs a Chapter 7 bankruptcy is that your creditors are paid back in a repayment plan.

Fair Debt Collection Practices Act Lawyer

How To File Bankruptcy In Staten Island, New York

To determine if you should file bankruptcy in Staten Island, you will need to determine where to start. Karra L. Kingston Esq. can help you and give you an overview of the bankruptcy processs. Our bankruptcy lawyers can walk you through the process and provide you with great resources to help you get out of debt. 

Brooklyn Bankruptcy Lawyer

Brooklyn Bankruptcy Lawyer:  If you are riddled down with debt and are not able to do the things you once loved in Brooklyn like taking a walk through infamous Coney Island and eating a hotdog at Nathan’s or walking across the Williamsburg Bridge and grabbing a slice of pizza at Grimaldi’s Pizzeria then you have …

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