Bankruptcy

The water had barely subsided after Hurricane Sandy struck in 2012 when financial worries began to mount. Many families lost their homes and life savings to the wind, rain and storm surge. Adding insult to injury, many of those affected had property insurance that...

With an estimated 20 to 30 million more Americans likely to get health insurance under the Affordable Care Act or “Obamacare” launching in full in 2014, medical economists caution that financial problems because of healthcare are not going to disappear, even if they...

No one plans far in advance to file for bankruptcy. But whether it is a Chapter 7 filing liquidation of assets (minus the generous exemptions allowed under New York bankruptcy law) or reorganization under Chapter 13, a bankruptcy can be the solution to financial...

In many ways, the storm was the simple part. When Hurricane Sandy blew into the greater New York area in October 2012, it took barely a day to wreak $65 billion worth of damage. But the financial challenges of Sandy linger more than a year after its brief moment. Many...

In addition to immediate protection from garnishment and collection efforts made by creditors, bankruptcy provides tools for discharging or reorganizing your debt. Using the method right for your financial picture helps you get back on your feet financially. With...

For many people unable to pay their bills, bankruptcy is the only reasonable option to restore some kind of financial stability. Most people worry about the possessions they will lose in the process. When you file bankruptcy, what can you keep? The answer is more than...

It is fairly well understood that medical costs — such as a two-day emergency hospitalization that comes with a bill of more than $100,000 — are a primary cause of bankruptcy in America. Changes in health insurance plans under the Patient Protection and Affordable...

Bankruptcy is a smart option for those facing bills that realistically will never be paid. Understanding the need for consumers to get a fresh start after financial hardship, legislators created options to help you recover financial health. Two of those options are...

If you are considering bankruptcy as an option, you need to separate fact from fiction. Consider these points: Fiction:  Changes in the bankruptcy law in 2005 made filing for bankruptcy impossible. Fact: Legislative changes to the U.S. Bankruptcy Code in 2005 were...

Bankruptcy is a powerful option to help you regain secure financial footing. If you are facing expenses and bills you cannot pay, understanding what bankruptcy has to offer is important. Consider these advantages of filing for bankruptcy: Immediate relief from...