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April 2017 Archives

The benefits of an automatic stay in a bankruptcy filing

Previous posts here have mentioned that New York residents who are facing financial challenges need to weigh the "pros" and "cons" of filing for bankruptcy. While some people may believe that there are more drawbacks to filing for bankruptcy than there are benefits, that isn't necessarily true. One powerful benefit of filing for bankruptcy is an automatic stay on creditor collection efforts.

How do you make the decision to file for Chapter 7 bankruptcy?

When New York residents face financial challenges, they also face difficult questions. They may explore all of the possible options, but, in many cases, the only reasonable option might be filing for bankruptcy. So, how do New York residents make the decision on whether or not they should file for Chapter 7 bankruptcy?

$1 trillion in credit card debt in America

There are many different indicators that economists keep track of to measure the so-called "health" of the national economy. Credit card debt is one such indicator. And, according to a recent report, the overall amount of credit card debt in America has topped $1 trillion for the first time in almost 10 years. But, is this a good thing or a bad thing?

What are the advantages of Chapter 11 bankruptcy?

By most indications, the national economy is on the upswing. That should be good news for everyone, including businesses in New York. But, unfortunately, there are still many companies that have significant financial difficulties to face. For some, Chapter 11 bankruptcy could be used to workout some of those concerns.

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