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July 2016 Archives

Non-bankruptcy remedies may be available for those with tax debt

While many types of debts can be discharged through the bankruptcy process, Long Island residents may be surprised to hear that tax debts are not one of them. However, there still are steps that those facing an overwhelming amount of tax debt can take to find debt relief.

New initiative in New York City may help those facing foreclosure

While the nation's foreclosure crisis peaked a number of years ago, there are still many homeowners in New York who are facing foreclosure, and may be wondering if there is any way out of their situation. In fact, for some homeowners, relief may be on its way.

Regain control of your financial wellbeing

While it's true that money can't buy happiness, a solid financial foundation can pave the way for a more comfortable path toward contentment. When that foundation begins to crumble, the stress that builds because of bills and money issues can sometimes be overwhelming. It's important to keep a level head, however, because although the situation may at times seem insurmountable, there are options available that make the road to financial recovery within grasp.

What are some advantages to filing for Chapter 7 bankruptcy?

The decision to file bankruptcy is a big one. However, before even filing a debtor in Long Island will need to decide is whether to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Today we are going to examine some reasons why a debtor might decide that filing for Chapter 7 bankruptcy is right for them.

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