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Credit card debt is a big problem for many in this country — including New York residents. People rely on their credit cards to pay bills, for consumer spending or to pay off medical debt.

The last few years have been difficult ones for many New York residents. The economy has been shaky and jobs have been hard to come by.

Residents of New York understand that debt can be a major pitfall in life. In an attempt to get their life back on track, some have decided that filing for personal bankruptcy would be their best bet.

Residents of New York have several things they hope for in the New Year. Some have aspirations of love, more family time and even a new career.

The face and thrust of a business can change many times, especially with a business that competes worldwide and across decades. That was the case with a dinnerware manufacturer in New York.

If you’re considering filing for bankruptcy in New York, it’s important to know which kind of bankruptcy is right for you and which debts can be discharged.

In today’s troubled economy, many people in New York and nationwide are experiencing difficulty handling credit card debt. For many, such debts mount up based on accumulating interest and may be a contributing fact to the need to file a personal bankruptcy of either the Chapter 7 or Chapter 13 variety.

An interesting question was posed to the bankruptcy adviser at ABC News this month that we figured many of our readers might also be asking. The question asks whether a bank can foreclose on a home well after a bankruptcy filing has been settled.

A number of tenants in New York live in apartments where the rent is stabilized by law for those who continue long-standing residencies.

It is true that credit card debt, particularly debt on credit cards carrying a high interest rate, can be expensive when the balance mounts up. Surprisingly, though, striving to quickly pay off the balance on such cards is not necessarily a good idea under all circumstances.