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Posts tagged "individual bankruptcy"

Consumer bankruptcy myths may harm struggling debtors

Prior posts on this New York bankruptcy law blog have discussed the struggles that many debtors experience when confronted with the decision of whether to file for consumer bankruptcy. Some fear that if they file for bankruptcy they will never be able to access credit again. Others worry that their credit scores will be so negatively impacted that their financial lives will never recover.

Getting to the end of a consumer bankruptcy

Like other legal processes that seem to go on forever, a consumer bankruptcy matter can seem to sit in the courts for months. As a Rockland resident watches as his assets are sold or his debts are reorganized, he can find himself wondering when the headache will end and the fresh start can begin. That answer depends on the form of bankruptcy that he has utilized.

How are debts managed under individual bankruptcy?

Each day New Yorkers read their newspapers and online news sources and find conflicting information about the economy. Some sources claim that the nation is still embroiled in a battle for solvency while others claim housing market improvements and the stock markets are pulling the economy back into the black. Regardless of what the national economy is doing individuals living here in Rockland can still feel the pinch of financial strain.

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