Carrying a balance on one's credit card can be a stressful situation. Though a properly managed balance may be overcome with extra payments over time, not all New Yorkers are able to muster the financial fortitude to manage their overextended credit bills on their own. Before they resort to bankruptcy to settle all of their outstanding debts at once, debtors may look to less drastic options to get out from under their credit card bills.
Preparing a New York business for bankruptcy proceedings can be an overwhelming task. Aside from the stress of deciding to engage with the process, a business owner must also tackle the difficult job of getting all of her entity's records in order. This blog post will touch on some of the types of documents and records a business owner should have available in the event the entity must enter bankruptcy, but it is not a comprehensive list. Readers are encouraged to discuss their businesses' needs with their bankruptcy attorneys.
Deciding to file for bankruptcy is rarely easy. In fact, New York residents who are struggling with insurmountable debt may not even know where to start when considering if the process is right for them. This post will discuss some of the important issues a person may want to look into before filing for one of the personal bankruptcy options. However, readers of this blog should not rely on this information as legal advice and should consult with their personal bankruptcy attorneys for specific legal guidance.
Home ownership is a goal for many New Yorkers but not all individuals can pull together enough money to outright buy the residences of their dreams. For most home buyers it is necessary to first secure a mortgage before acquiring the keys to a new property. A mortgage involves a loan that a person is expected to repay over time and often with interest so that he may eventually acquire full ownership of a piece of real property.