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When a business chooses to file for bankruptcy, it has some control over the format it may use. While some New York entities may prefer to use bankruptcy as a way to shut their doors through the Chapter 7 process, others may prefer to use Chapter 11 to reorganize and remain active businesses.

Before a person establishes his own credit history, it can be difficult for him to secure loans and other financial opportunities that require him to make full and timely payments.

There are bankruptcy laws in both the federal United States Code as well as in the New York State Code. Each set of laws provides individuals who file for bankruptcy with exemptions that they may use to protect...

The CARD Act, also known as the Credit Card Accountability Responsibility and Disclosure Act, was enacted in 2009 in an effort to provide consumers with protections from predatory credit lenders.

When a New York business enters the Chapter 11 bankruptcy process, it is afforded a number of protections. One of those protections prevents the business’s creditors from initiating litigation against it for the collection of the balances owed to the creditors.

Most Garnerville residents receive and pay a variety of bills on a periodic basis. Mortgage and rent payments are needed to keep families in their homes, and utility fees are necessary to keep their homes’ lights on and water running.

Not all debts can be discharged during the Chapter 7 bankruptcy process. In fact, some of the debts that cause Rockland residents the most concern may survive bankruptcy and continue to be due even after an individual has successfully completed the requirements of the Chapter 7 filing.

The failure to stay current on one’s mortgage payments can result in the debtor’s lender filing a foreclosure action against them. Foreclosures force New York residents out of their homes and impose significant burdens on those who are already facing financial troubles.

Credit card debt is a problem for many New Yorkers. It can become a financial headache when accidents and emergencies require otherwise responsible individuals to run up big balances on their cards...

The stress of living with overwhelming debt can be very burdensome. In fact, some New York residents may be willing to do anything in order to get out from under the crushing weight of outstanding financial obligations.