When does the automatic stay go into effect?
Filing for bankruptcy can be a hard decision to make. People may not want to do so because of the bad stigma surrounding the process. However, it can be beneficial for individuals who are facing a financial crisis. During the bankruptcy process, the automatic stay is a useful tool. This tool bars creditors from contacting […]
How is an automatic stay used in bankruptcy?
An automatic stay is a tool used in bankruptcy to prevent creditors from contacting debtors. In these situations, it can make it easier for debtors to deal with their finances by avoiding harassment. Through the tool of the automatic stay, it can prevent individuals from the added stress of dealing with creditors who are demanding […]
What is an automatic stay?
During tough times with finances, people may try to avoid filing for bankruptcy at all costs. However, bankruptcy can be a great option for some people. The process of filing for bankruptcy is set to help people recover from financial troubles. When there are no other options available for you, consider filing for bankruptcy. It […]
Discharging Debts Through Bankruptcy
When an individual or a business is facing significant financial turmoil, they may be concerned about the future and how they will stay afloat. Those who are in dire financial situations often consider filing for bankruptcy as a way to get rid of some of their debt in hopes of being able to succeed in […]
What property can I keep after filing for bankruptcy?
When an individual is struggling financially and feels as though they will never be able to pay back their overwhelming debts, they may want to consider filing for bankruptcy. A lot of people are apprehensive about filing for bankruptcy because they are afraid that they will never build back their credit score and they will lose […]
Credit Counseling Requirements for Bankruptcy
Making the decision to file for bankruptcy isn’t always an easy one. When an individual is struggling financially, they may not be sure about deciding to file because of the fear of long-term repercussions. However, bankruptcy can be a great tool that sets up an individual for a future of financial success and allows them […]
Social Media Effects on a Bankruptcy
Filing for bankruptcy is a very significant legal matter and should be taken very seriously. When an individual does file for bankruptcy, it is important that they make themselves aware of the ways that social media can impact their case. Unfortunately, people feel as though they are able to post freely on social media and […]
When is it time to consider bankruptcy?
Often, when an individual or a business is faced with overwhelming debt, they may not be sure how to pay it off. Bankruptcy is not a tool that should be used lightly but it can bring significant relief to those who have been faced with a serious financial burden due to an unexpected event such […]
Rockland County Business Bankruptcy
When a business is struggling to stay afloat due to mounting debt, it may be time to consider filing for bankruptcy. Believe it or not, bankruptcy can be the first step on the road to the financial success of the business. Businesses have a few options when it comes to bankruptcy, depending on the financial […]
Rebuilding Credit After Bankruptcy in Rockland County NY
One of the most frequently mentioned fears that individuals have about filing for bankruptcy is in regards to their credit. There is a common misconception that individuals who file for bankruptcy can’t ever have good credit again. This is simply not the case. Sure, bankruptcy will stay on an individual’s credit report for a few […]
Rockland County Foreclosure Defense Options
Homeowners often have to save for years and years to be able to put a down payment on a house. Purchasing a home is a very exciting thing and it is something to be proud of. That being said, when a homeowner has a change in financial circumstance and begins struggling to make payments on […]
Consumer Bankruptcy in New York
When an individual finds themselves in an overwhelming financial situation in Rockland County, they may feel as though there is no way out. For many people, the thought of filing for bankruptcy is daunting because they don’t realize how much of a relief it can actually be. When a consumer is faced with impossible debts, […]