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Myths Surrounding Bankruptcy

When researching whether Bankruptcy  is right, many people come across half-truths and myths on the internet that confuse them and lead them astray. To empower people to make the right decision, we confront some of the most powerful myths surrounding bankruptcy....

What is New York’s Statute of Limitations on Debt?

Failing to pay a debt does more than shred your credit report. You can also be sued by your lender. New York, like other states, gives lenders a limited amount of time to bring a lawsuit. This deadline is set out in the New York statute of limitations, found in...

What Are the Differences Between Conservatorships and Guardianships?

A sudden accident or medical emergency, for example, can result in your adult child or sibling becoming disabled and needing assistance. When you have a disabled adult in your life for whom you want to provide certain legal protections, you will turn to a guardianship...

Common Foreclosure Scams

Foreclosures are once again on the rise. In a time of high housing costs, rising mortgage rates, economic uncertainty, and the end of COVID-19 foreclosure protections, more and more Americans are facing challenges. According to a recent report from MarketWatch,...

Common Mistakes Made Before Filing for Bankruptcy

If you are having a hard time paying your bills, it is important to understand that there are many others going through a similar situation. Indeed, people consistently cite debt and other financial problems as a top source of stress. The American Bankruptcy Institute...

What is a Chapter 13 Case?

Many families are dealing with financial distress. The American Bankruptcy Institute (ABI) reports that 9,977 people filed for personal bankruptcy protection in New Jersey in 2021. Most personal bankruptcies in New Jersey are Chapter 7 cases—but 25 percent of personal...

Long Island Bankruptcy Cases May Undergo Radical Changes

In a decision dated February 28, 2022, Judge Grossman of the Central Islip division of the United States Bankruptcy Court for the Eastern District of New York, just gutted what has become a much used program in the bankruptcy courts AND simultaneously established what...

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