Saving your home through a Chapter 13 Bankruptcy in NYC
Saving your home through a Chapter 13 Bankruptcy One major reason consumers file for a Chapter 13 Bankruptcy is to save their home from a foreclosure. When a person falls behind in their mortgage payments, eventually the bank sends a foreclosure notice to the home owner (usually after three or four missed payments), warning them […]
Does Filing Chapter 13 Get Rid of My Tax Debt?
Does Filing Chapter 13 Get Rid of My Tax Debt? Do you owe personal income taxes? Has the Internal Revenue Service frozen your bank account or initiated wage garnishment? Are you receiving notices stating you are about to lose your assets if you do not pay your tax debt? If you answered yes to […]
5 Reasons Why Filing Chapter 13 Is Better Than Debt Consolidation
5 Reasons Why Filing Chapter 13 Is Better Than Debt Consolidation For some individuals, a debt consolidation may be an effective means of resolving a debt problem. However, in many cases, a debt consolidation can make matters worse, especially if you do not choose a reputable debt consolidation company. In addition to high […]
Are the Real Housewives that filed Bankruptcy going to Jail?
Are the Real Housewives that filed Bankruptcy going to Jail? We’ve all learned by now that “reality” TV isn’t so real after all, but nothing reveals this more than watching the stars of Bravo’s “Real Housewives” flash luxury lifestyles on the show only to file bankruptcy in real life. In fact a dozen housewives appearing […]
Bankruptcy Attorney Kills Zombies in New York City
Bankruptcy Attorney Kills Zombies in New York City The New York City area has some of the highest number of Zombie Foreclosures in the country with over 266 acres of prematurely abandoned properties at last count. A zombie foreclosure is created when a homeowner stops paying a mortgage and vacates the property and the mortgagee […]
New York City Consumers and Atlantic City Casinos are the Same When it Comes to Denying Debt Troubles
New York City Consumers and Atlantic City Casinos are the Same When it Comes to Denying Debt Troubles The Casino Industry in Atlantic City is crumbling, but there is still at least one casino thriving on the boardwalk while others are closing their doors for good. Why is the Borgata doing so well when Trump […]
Even Real Housewives Succeed in Bankruptcy Despite the High Profile
Even Real Housewives Succeed in Bankruptcy Despite the High Profile They might be living the high life on TV, but when they are off camera the women of Bravo’s hit TV franchise, Real Housewives, are struggling to match their wealthy TV images. Many of these women’s personal, behind the scenes problems have become a reality […]
Atlantic City Casinos Aren’t Feeling Guilty About Filing Bankruptcy- And Neither Should Struggling New Yorkers
Atlantic City Casinos Aren’t Feeling Guilty About Filing Bankruptcy- And Neither Should Struggling New Yorkers Like many of its gamblers, Atlantic City is on a bit of a losing streak itself. With one casino after another closing its doors for good, 2014-2015 has been an unlucky year for the gambling supported local economy to say […]
NY Court of Appeals Rules that Rent-Stabilized Leases are Now Officially Exempt in Bankruptcy
NY Court of Appeals Rules that Rent-Stabilized Leases are Now Officially Exempt in Bankruptcy Update 9/11/15: Since the Santiago-Montverde ruling some chapter 7 trustees are looking for a case to test the ruling. The NY Court of Appeals ruling explains that the rent stabilized leases can be exempted as a public benefit under NY law. […]
Can I File Bankruptcy in New York if I live in Another Country?
Can I File Bankruptcy in New York if I live in Another Country? Yes, US bankruptcy protection is available to any person with assets in the United States. In almost all cases as long as a debtor owns property or even has a bank account with $.01 in New York City they may file for […]