It is only natural for people facing personal bankruptcy to want to satisfy as many of their debts as possible. While some New York residents may prioritize bank debts, others may choose to satisfy debts to family members and other personal connections in advance of...
Month: June 2014
Business bankruptcy may affect GM’s current troubles
One of the advantages of bankruptcy, whether for a New York business or an individual consumer, is that it generally wipes clean the financial slate for that entity. While it may deplete the entity's resources through debt repayment and asset liquidation, it also...
Pursuit of credit card debt can lead to lawsuit, judgment
When a New York resident is sued for negligence, premises liability or other forms of civil liability he may do everything in his power to defend himself. Defending a lawsuit can often involve engaging the services of a lawyer and enduring lengthy legal processes that...
How are debts managed under individual bankruptcy?
Each day New Yorkers read their newspapers and online news sources and find conflicting information about the economy. Some sources claim that the nation is still embroiled in a battle for solvency while others claim housing market improvements and the stock markets...
