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Bankruptcy Attorney New York

A Further Look At The Bankruptcy Process in New York and New Jersey

Bankruptcy is a process that offers individuals, such as consumers and businesses who are facing financial hardship a way out. The federal courts have implemented different Bankruptcy laws in each state so that individuals and businesses can get help and manage repayments under the Court. There are different chapters of Bankruptcy. The most common form …

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Bankruptcy, Foreclosure Defense, loan Modification, & Debt Settlement OUR LAW FIRM PRACTICE AREAS Bankruptcy Sometimes life throws a curveball at you and you are faced with unforeseen circumstances. Although, you may be the most financially responsible person, sometimes unexpected things may happen like a loss of a job, loss of a business, medical bills, a …

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Self Employed Filing Bankruptcy in Staten Island

Self- employed business owners thinking  thinking about filing bankruptcy in Staten Island can find the process daunting. Individuals are often scared of their creditors coming after them and want to find protection. Many individuals are often worried about how filing bankruptcy will impact their future finances. Individuals who are self-employed, independent contractors, or sole proprietors …

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Credit Card Debt Basics and Bankruptcy

In an economy where the coronavirus is dominating headlines, people are out of work and unable to pay their high interest cred cards, debt still remains one of the largest issues that consumers struggling financially face. 

Credit card debt, divorce and medical bills are some of the biggest reasons consumers are forced to file bankruptcy. If you are struggling to make your minimum credit card payments, you are not alone. Most people in New York are strugging with large credit card bills every day. 

When A credit card account has been delinquent, or unpaid, for more than 180 days, banks will charge off this debt. You may see something on your credit report that says “charge off” with a $0 balance. Many assume this means that the credit card companies are letting that debt go. This is abosultely wrong. When a “charge off” is reported by the credit cureaus it means that the debt has been sold off to a debt collection who will call, harass and even sue you.