Businesses throughout New York open their doors for the first time each day. For some, selling their goods and services within their communities is easy to do. Others struggle to keep their doors open after the excitement of starting up wanes. Many businesses attempt...
Month: July 2014
Supreme Court rules inherited IRA not protected in bankruptcy
For many New York residents personal bankruptcy is a necessary step in getting through difficult financial situations. Unlike foreclosure, creditor harassment and other negative events that can result when debts are neglected, taking the initiative to file for Chapter...
Start of school season means credit card debt for some
The fourth of July has come and gone and for some Rockland residents the end of summer may be too rapidly approaching. As summer winds down back-to-school preparations gear up for teachers and families alike, and soon stores will be filled to the brim with backpacks,...
Consumer bankruptcy has advantages, disadvantages
For some New York residents, filing for consumer bankruptcy is the only option to stop the hemorrhaging of a bad financial situation. While the benefits of bankruptcy often outweigh the challenges of tackling financial hardship without legal assistance, many people...
Bankruptcies down in New York, but Chapter 7 leads
Chapter 7 bankruptcy can provide debt relief and protect certain property belonging to the filing party at the same time. Although bankruptcies in one part of New York recently hit a low, Chapter 7 bankruptcies continue to be the majority of filings in the area. The...
