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...
In 2005, significant changes to the U.S. Bankruptcy Code were made to reduce the number of people eligible to file for Chapter 7 bankruptcy, the most commonly filed form of debt relief. Part of the reasoning behind the legislative change was the belief that too many...
A credit score, often called a FICO, is determined from information listed on your credit report. FICO is an acronym for Fair Isaac and Company, the developer of software used to calculate credit scores. Used by insurance companies, lenders and even employers, your...
If your finances are too tight and you cannot regularly pay your bills, it is time to take stock of your real financial picture. Recognizing signs of serious insolvency can help you make the decision to move forward with bankruptcy or another option. Some people look...
In the politically charged atmosphere surrounding the Affordable Care Act, it is hard to get a straight answer about whether medical bankruptcies are a driving factor behind personal insolvency in the United States. By some measures, medical bills are a contributing...
Bankruptcies in the United States are overseen by a trustee appointed by the court. However, a bankruptcy trustee is not the same as the United States Trustee, the federal office charged with overseeing the bankruptcy process throughout the country. The United States...
What might climate change and a Brooklyn Chapter 7 attorney have in common? Plenty, given how major storms can be the event that pushes people and companies financially over the edge. According to research compiled on storms of $1 billion or more in damage between...
The national trends for bankruptcy filings are good, in that the total number of individuals and businesses filing for either Chapter 7 or Chapter 11 nationwide are down. However, a qualified Brooklyn Chapter 11 bankruptcy attorney encounters plenty of companies and...
Brooklyn, NY—in 1980, after taking a bankruptcy law course, Gregory Messer switched gears and became a bankruptcy attorney, and has never looked back. Becoming a bankruptcy lawyer was unexpected for Gregory Messer, one of Brooklyn’s most credentialed attorneys...