Asset Forfeiture

When a Rockland County resident is considering filing a bankruptcy petition, one of the first questions is whether creditors can compel the forfeiture of certain assets, most commonly a car or the family home. The answer to the question is generally more positive than...

The ability to seize a portion of a debtor's paycheck is one of creditors' most powerful collection tools under New York law. For low-income families, the loss of even a small portion of a regular paycheck can be catastrophic. Filing a petition for personal bankruptcy...

A previous post on this blog discussed how the foreclosure process works in this state. Although foreclosure is a court process in New York, many Rockland County residents whose homes are in danger of being foreclosed may think that there is little that can be done to...

No one in the Rockland County, New York area ever wants to get into financial problems and have to worry about losing their home to foreclosure. Unfortunately, though, even hardworking New York families can find themselves in a situation in which the bank begins the...

People in Rockland County, New York may have heard, even on the television or radios, that a bankruptcy can save your home from a looming foreclosure. While such statements are true in a sense, it is very important that Rockland and Garnerville residents understand...

No one ever really wants to have their wages subject to a legal garnishment. Many New Yorkers, after all, count on receiving all of their paychecks to meet their basic household needs and make other, higher priority payments like the mortgage payment and the electric...

The loss of a personal vehicle to repossession can be an incredible setback for the livelihood of the affected individual. New York residents who lose their cars, trucks, SUVs, and vans to repossession may struggle to hold down jobs as they no longer have a reliable...

The easiest way for a New Yorker to keep their home out of foreclosure is to make sure that they make timely and complete payments toward their mortgage. A history of missed payments or payments that are not the full amount of the monthly sum due may lead the...

Vehicle repossession can be a heartbreaking blow to the life of a New York resident who faces financial challenges. Without a car, a person may be unable to hold down his or her job and meet the many other important commitments he or she is obligated to achieve....

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...