Like many of the laws that currently govern New Yorkers and other Americans throughout the nation, bankruptcy laws are originally based on ideas from British governance. According to the Federal Judicial Center, the first bankruptcy laws and procedures established in...
Month: March 2015
Plan ahead to protect your assets
In the estate planning world, an asset protection plan is a plan that prepares an individual's wealth and assets in such a way that they should be protected from financial challenges once the individual passes on. Through organization, planning, and plenty of...
Consumer bankruptcy myths may harm struggling debtors
Prior posts on this New York bankruptcy law blog have discussed the struggles that many debtors experience when confronted with the decision of whether to file for consumer bankruptcy. Some fear that if they file for bankruptcy they will never be able to access credit...
What is a debt relief scam?
Not all debt is bad. In fact, many Garnerville residents responsibly carry debt in the form of home mortgages, car and student loans, and other lending tools that enable them to access what they need to live good, productive lives. When debt is managed and maintained,...
