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Category Archives: debt relief

What Are the Signs That Your Healthcare Debts Might Be Best Managed Through Bankruptcy?

The new healthcare system in the United States under the Affordable Care Act (“Obamacare”) should lead to a significant improvement in how millions of people are covered by insurance. Healthcare premiums should also be reduced for millions who were spending large sums for insurance — which for some was more than half their monthly income.  […]

Double Trouble: Hurricane Sandy, Added to Other Financial Burdens, Begs a Solution

Life sometimes doles out bad luck in double doses. Given how many millions of people were directly and indirectly affected by Hurricane Sandy, it’s clear that thousands of people in the New York, New Jersey and Connecticut areas likely were also dealing with financial problems even before the storm hit.  For example, consider people whose […]

The Burdens of Student Loan Debt Need Fixing

The financial burdens of student loans rest heavily, of course, on the most recent generation of college graduates. Some have accumulated three or more times as much debt as their annual salaries. This significantly handicaps their ability to purchase homes and cars, start a family or go to graduate school.  In fact, the National Association […]

How the Hardship Rules Regarding Student Loans and Bankruptcy Work

Outstanding student loans in the United States topped $1 trillion in 2011, which now exceeds the amount of credit card debt held by all Americans. That does not tell the story of the struggling college graduate whose education has yet to pay off in a lucrative job, even as the person is being told to […]

Even Under Obamacare, Medical Bankruptcies Can Still Happen to New Yorkers

The Affordable Care Act (ACA, or “Obamacare”) is transforming the landscape in healthcare, broadly expanding the total number of people who can afford or access health insurance. This is expected to have the effect of improving disease and injury management overall, saving lives while reducing costs to the system.  In fact, health insurance is described […]

Difficult Choices for Homeowners Following Hurricane Sandy

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 businesses were destroyed and never […]

Can and Cannot: Debts That Can Be Discharged Through Bankruptcy

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 Chapter 7, debt not paid off using funds from liquidated property is eliminated through discharge. In […]

Understanding the Bankruptcy Option Right For You

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 filing for protection under Chapter 7 or Chapter 13 of the U.S. Bankruptcy […]

Fact and Fiction: Myths about Bankruptcy

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 made to respond to allegations that too many people were using bankruptcy petitions […]

The Benefits of Bankruptcy

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 collection attempts is a primary benefit of filing for any type of bankruptcy. Upon filing […]


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