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 […]
Read MoreWhen 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, […]
Read MoreBankruptcy is a tool that can allow a person who is facing overwhelming debt to get a fresh start and rebuild their financial future. When it is time to consider bankruptcy, the debtor will have to take a means test, which aims to determine whether the individual is eligible for Chapter 7 bankruptcy or Chapter 13 […]
Read MoreWhen an individual needs financial relief, they may want to consider filing for bankruptcy. At the beginning of the bankruptcy process, the individual will have to take a means test, which determines whether the individual is eligible to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Individuals who have a steady source of income […]
Read MoreWhen an individual files for bankruptcy, they may be unsure of exactly what the process entails. One part of bankruptcy that anyone who files will have to go through is the Section 341 meeting, which is also referred to as a meeting of the creditors. Often, individuals who have filed for bankruptcy are nervous about this […]
Read MoreWhen an individual is faced with mounting debt, they may begin to feel the pressure of debt collectors and lenders who are trying to recover payments. Of course, these calls and letters can be very overwhelming, especially if the debtor feels as though they will never be able to make the payments owed. For many […]
Read MoreEvery person who files a bankruptcy case is concerned about who will find out about it. It is true that all bankruptcy filings are a matter of public record, but this does not mean it is easy for others to learn about your case. The two main ways another person can learn about your filing […]
Read MoreA Chapter 13 debtor must submit a repayment plan and commit to making a set monthly payment for the next three to five years. Thus, it is essential that you know exactly how much you will be required to pay. Here is a summary of how your Chapter 13 payment is calculated: Your attorney will […]
Read MoreWhen you file a Chapter 7 or Chapter 13 bankruptcy case, you are required to make “full financial disclosure.” This means that you must disclose all of your assets and all of your debts. Debtors must provide the court with a list of all your creditors. This is a good thing because it allows you […]
Read MoreIf you are going to file a Chapter 7 or Chapter 13 bankruptcy, your attorney will ask you to provide numerous financial documents, including your tax returns. Many clients ask why it is necessary to provide both state and federal tax filings. Below are a few reasons: Your tax documents provide your lawyer with a […]
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