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October 2015 Archives

How can bankruptcy help discharge debts?

It is hard to believe that fall is upon the residents of Garnerville. Soon snow will begin to fall and the holiday season will be underway. While many people enjoy the winter celebrations of Christmas, Hanukkah, Kwanza, and many others, some people fear what the gift-giving season will do to their finances. The holidays can be a challenging time for people with money troubles who for many reasons cannot reign in their spending and find themselves facing significant debts.

Commercial bankruptcy can give your business a fresh start

Few things are more overwhelming than facing serious financial peril. While many New York residents experience economic hardships in their personal lives, some businesses also go through hard times that force them to evaluate their sustainability. When a New York corporation or business finds its assets dwindling and its debts mounting, it may consider ways to secure a fresh financial start for its future.

Clothing retailer files for Chapter 11 bankruptcy

Just as private individuals may find themselves facing overwhelming debt, so too may a business find itself on precarious financial footing. A clothing retailer popular with New York teens recently filed for Chapter 11 bankruptcy. The company, which was founded in 1989, hopes to eliminate some of its debt in an effort to turn its economic misfortunes around.

Credit card companies cannot harass people into paying

Getting phone calls and correspondence from debt collection agencies can be stressful for residents of Garnerville. Every time a letter is received or a voice mail message is left a debtor may feel like he is one step closer to being sued for the repayment of his outstanding credit card obligation. However, there are limits on what collectors may do to obtain repayment of delinquent loans. This blog post will touch on just a few of the limitations they face with regard to their collection practices.

Why do governments allow individuals to file for bankruptcy?

Given only a very cursory review, bankruptcy may not seem like a very good practice for a nation's economy. A reader of this New York bankruptcy law blog may think that if individuals are able to excuse or erase their loans with relative ease that the credit industry would dry up and commerce across a nation may be thwarted. However, from an economic perspective, there are a few strong reasons for why governments allow their citizens to file for personal bankruptcy.

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Law Office of Ronald V. De Caprio 65 West Ramapo Road Garnerville, NY 10923 Phone: 845-406-4201 Toll Free: 866-936-8113
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