It can be a scary proposition to face the repossession of a personal vehicle. New Yorkers face repossession when they fall behind on their car loan payments and are unable to make good on the debts that they incur to their lenders. The loss of a car can mean the loss...
Month: December 2015
A bankruptcy court can rescind your approved discharge
The goal of almost any bankruptcy proceeding is to have the filer's debts discharged. When a debt is discharged it is either approved to be paid off under a repayment plan or satisfied through repayment based on a debtor's asset liquidation. Depending upon the type of...
Credit card debt incurred over holidays can have lasting effects
It can be difficult for New York shoppers to reign in their holiday purchases. With tempting deals that start as early as the week of Thanksgiving, the holiday buying season is long and sometimes hard to pass up. However, as many shoppers put their gift purchases on...
What role does accounts receivable play during a bankruptcy?
Bankruptcy can be a financial tool for individuals and businesses alike. However, readers of this New York debt relief and bankruptcy blog know that individuals and businesses often cannot utilize the same types of bankruptcy protections. In some cases, different...
Taxes can be complicated by bankruptcy process
Filing one's own personal taxes can be confusing for a New York resident. The process can be further complicated when an individual must file his taxes during bankruptcy proceedings. Depending upon the type of bankruptcy that the individual pursues, he may or may not...
