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...
Firm News
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...
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,...
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 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,...
Bankruptcy as an Answer to Inadequate Insurance Coverage During Hurricane Sandy
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...
Are You the One in Five People Whose Medical Bills Might Lead to Bankruptcy?
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...
Technical and Emotional Preparation for the 341 Bankruptcy Meeting of Creditors
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...
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...
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...
