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Posts tagged "Debt Relief"

How to recognize debt settlement scams

As a New York resident who feels as if you are drowning in increasingly overwhelming debt, you may be searching for a solution that could help you begin to rebuild your financial life. Regrettably, however, some types of companies tend to pray on people who, like yourself, are struggling to get by, and they may use less-than-ethical tactics to do so. At Macco & Stern, LLP, we understand that many debt settlement companies are out to make a buck, rather than help you get back on your feet, and we have assisted many people facing similar circumstances find alternative solutions that fit their needs.

What you should know about home loan modifications

At the law office of Macco & Stern, LLP, we understand the frustration and anguish New York residents feel if they are facing a foreclosure. It can be worrisome if you are informed you might soon lose your home, and you are trying to do everything you can to ease your financial burden and keep your house.

Feds begin discussion about student loan debt

Student loan debt is a known problem that sets many young people back as they enter the workforce. With debts of $30,000 and more, the monthly payment on these loans can make or break a budget, which limits spending power, increases the dependence on credit cards, and has other wide reaching effects on personal budgets and the greater economy. The payments last for years, which makes it feel as though no end is in sight.

What are the risks of non-lawyer debt negotiators?


New Yorkers will undoubtedly be aware of the number of debt settlement companies who advertise and say they can help people facing financial challenges to get a fresh start. While this is a tempting proposition, there are certain dangers with getting involved with these companies and not using a qualified lawyer who can assess all the alternatives, give the positives and negatives of consumer bankruptcy vs. debt settlement and help with all aspects after a decision has been made.

Legal assistance for Long Islanders dealing with medical debt


Long Islanders who find themselves deep in debt are not necessarily in that position because of job loss or due to spending beyond their means. One of the most common reasons for filing for bankruptcy to have a financial fresh start is through medical debt. Medical expenses can arise for a multitude of reasons and those who are dealing with it must be aware that they have options to move on with their lives.

Achieving debt relief through non-bankruptcy remedies


When it comes to addressing overwhelming debt, most New York residents will likely examine all possible options. The first steps might include establishing a strict household budget and sticking to it, while paying as much on the debt as possible each month in an effort to bring the balance down. If that doesn't make a dent in the debt balance, some people may try other options, like reaching out to creditors to explain the circumstances of a temporary hardship, hoping to structure some kind of relief from payments or interest charges.

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 workoutsome of those concerns.

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