Blog Posts in February, 2010
Posted on Feb 26, 2010 By Jacoby & Jacoby
If you have fallen behind on your mortgage payment, and you do not see any foreseeable way to catch up, a loan modification may be a good option for you. At Jacoby & Jacoby, we have helped ...
Continue reading "Is a Loan Modification Right for Me?" »
Posted on Feb 25, 2010 By Jacoby & Jacoby
If you have decided to file for bankruptcy, it is a good idea to familiarize yourself with what you can expect to face in the weeks and months ahead. Although the bankruptcy process will differ ...
Continue reading "What is the Bankruptcy Process?" »
Posted on Feb 24, 2010 By Jacoby & Jacoby
Senior Managing Partner Melvyn Jacoby gives a brief overview of Chapter 7 Bankruptcy:
Continue reading "Watch Me Wednesday: Chapter 7 Bankruptcy" »
Posted on Feb 23, 2010 By Jacoby & Jacoby
One of the best things about getting a fresh start by filing bankruptcy is that it allows you a chance to rebuild your credit score. The first step in rebuilding your credit score is getting rid of ...
Continue reading "Bankruptcy: First-Aid For Your Credit" »
Posted on Feb 22, 2010 By Jacoby & Jacoby
The CARD (Credit Card Accountability, Responsibility and Disclosure) Act, which was passed by Congress last year, takes effect today. Compliance with the CARD Act is now mandatory. Here are some ...
Continue reading "New Credit Card Rules Mandatory as of Today" »
Posted on Feb 19, 2010 By Jacoby & Jacoby
One question we are often asked is whether someone can be fired from their job if they file for bankruptcy . The quick answer is, “No.” The Bankruptcy Code contains specific protections for people who ...
Continue reading "If I file for Bankruptcy, Can I be Fired?" »
Posted on Feb 18, 2010 By Jacoby & Jacoby
We hear this one a lot, and it is an understandable question to pose if your wages are being garnished or your accounts are frozen . The quick answer is, you can't, that is if you're truly broke. ...
Continue reading "How Can I Afford Bankruptcy if I’m Broke?" »
Posted on Feb 17, 2010 By Jacoby & Jacoby
Retaining your car when you file for bankrputcy in New York depends upon the value of the car, whether the car is new or old, and the amount of the loan out on the car. Only a Long Island bankruptcy ...
Continue reading "Watch me Wednesday: Will I Lose My Car if I File for Bankruptcy?" »
Posted on Feb 16, 2010 By Jacoby & Jacoby
Your credit score is based on many things, but there are three common factors that make up about 80% of your score. Many financial institutions start with your FICO score, which is based on a system ...
Continue reading "3 Major Factors of Your Credit Score" »
Posted on Feb 15, 2010 By Jacoby & Jacoby
The quick answer is YES, you can get a cell phone after a bankruptcy, and you can make it a part of your plan to rebuild your credit over time. If you've just discharged your debts and haven't worked ...
Continue reading "Can I get a Still Get a Cell Phone after a Bankruptcy?" »
Posted on Feb 12, 2010 By Jacoby & Jacoby
It’s been a terrible year for many, but here are three tips to bounce back in 2010: Don’t Start Spending! It’s tempting to not want to go on a spending spree just as things are getting better. We know ...
Continue reading "3 Ways to Bounce Back from the Recession" »
Posted on Feb 11, 2010 By Jacoby & Jacoby
It is a common myth that after filing for Bankruptcy , it takes up to ten years to get credit again. This isn’t true at all. In fact, there are many ways to get credit after Bankruptcy: Secured Credit ...
Continue reading "Getting Credit after Bankruptcy" »
Posted on Feb 10, 2010 By Jacoby & Jacoby
Senior Managing Partner Melvyn Jacoby discusses the importance of speaking with an attorney if you are trying to find out if Bankruptcy is right for you.
Continue reading "Watch Me Wednesday: Is Bankruptcy Right for You?" »
Posted on Feb 9, 2010 By Jacoby & Jacoby
According to a report in November by the National Bankruptcy Research Center , Chapter 7 Bankruptcy filings grew by more than 42% from 2008, whereas Chapter 13 Bankruptcy increased by only 12% from ...
Continue reading "More Choosing to File Chapter 7 over Chapter 13 Bankruptcy, Report Says" »
Posted on Feb 8, 2010 By Jacoby & Jacoby
The purpose of your first appointment is for your bankruptcy attorney to collect information about you and your financial situation. Here are the five most important things to prepare for your initial ...
Continue reading "5 Things to Bring To Your Initial Bankruptcy Consultation" »
Posted on Feb 5, 2010 By Jacoby & Jacoby
If you are thinking about filing Chapter 7 or Chapter 13 bankruptcy, there are a few things you should try not to do before you file: Do not transfer property to anyone. This includes anything ...
Continue reading "3 Things to Avoid Prior to Bankruptcy" »
Posted on Feb 4, 2010 By Jacoby & Jacoby
You are not alone. Bad times come to all of us, even celebrities. If someone that well-off could get into financial trouble, it could happen to anyone! Check out this list of famous people who have ...
Continue reading "Famous People Who Filed Bankruptcy" »
Posted on Feb 3, 2010 By Jacoby & Jacoby
Melvyn Jacoby , the Senior Managing Partner of Jacoby & Jacoby , explains the importance of hiring a bankruptcy lawyer if you are looking to file bankruptcy successfully. Hiring an attorney who ...
Continue reading "Watch Me Wednesday: Hiring a Bankruptcy Attorney" »
Posted on Feb 2, 2010 By Jacoby & Jacoby
Do you know the warning signs of too much debt? Here are some of the warning signs that you have a problem. If you answer "Yes" to any of these questions, you are probably already in financial ...
Continue reading "25 Warning Signs That You Are In Too Much Debt " »
Posted on Feb 1, 2010 By Jacoby & Jacoby
It is the start of a new month a nd Jacoby & Jacoby is proud to bring to you our new weblog. This page will be focused on providing Long Island residents with uselful legal information, tips, and ...
Continue reading "Welcome To Our New Blog!" »