Blog Posts in March, 2010
Posted on Mar 31, 2010 By Jacoby & Jacoby
Senior Managing Partner Melvyn Jacoby discusses assets that are exempt in a Bankruptcy in New York.
Continue reading "Watch Me Wednesday: Bankruptcy Exemptions" »
Posted on Mar 30, 2010 By Jacoby & Jacoby
If you have a substantial amount of debt accumulating, you may want to consider debt consolidation as an alternative to Chapter 13 bankruptcy . Debt consolidation and Chapter 13 work much the same ...
Continue reading "Is Debt Consolidation Right for Me?" »
Posted on Mar 29, 2010 By Jacoby & Jacoby
When facing foreclosure , there are some dishonest people that may try to take advantage of you and take your money or even trick you into turning over your property. It is important to understand ...
Continue reading "Avoiding Foreclosure Scams" »
Posted on Mar 26, 2010 By Jacoby & Jacoby
Q: What is Chapter 7 bankruptcy? A: Chapter 7 of the United States Bankruptcy Code allows for a debtor to get a fresh start financially by surrendering certain assets to the bankruptcy court, which ...
Continue reading "Common Questions about Chapter 7 Bankruptcy" »
Posted on Mar 25, 2010 By Jacoby & Jacoby
Predatory lending is a term that is used to refer to unethical, unfair business practices by certain lenders. In a situation involving predatory lending, a lender may deceive a borrower into agreeing ...
Continue reading "What is Predatory Lending?" »
Posted on Mar 24, 2010 By Jacoby & Jacoby
Senior Managing Partner Melvyn Jacoby discusses a common Bankruptcy myth.
Continue reading "Watch Me Wednesday: Bankruptcy Myths" »
Posted on Mar 23, 2010 By Jacoby & Jacoby
After you are served with a notice of foreclosure , you have 20 days to file an answer. This is an opportunity for you to write a defense to foreclosure proceedings. Properly filing an answer to a ...
Continue reading "How Long Do I Have to Respond After a Foreclosure Notice?" »
Posted on Mar 22, 2010 By Jacoby & Jacoby
Q: What is Chapter 13 Bankruptcy? A: Known as a wage earner's plan, Chapter 13 bankruptcy is a way for an individual to reorganize or restructure their debt. Multiple debts will be consolidated into ...
Continue reading "Common Questions About Chapter 13 Bankruptcy" »
Posted on Mar 19, 2010 By Jacoby & Jacoby
Loan modifications are meant for people who will never be able to repay or catch up on their mortgage loan, and therefore need long-term help. A forbearance agreement provides relief to people who are ...
Continue reading "What is the Difference Between a Loan Modification and a Forbearance Agreement?" »
Posted on Mar 18, 2010 By Jacoby & Jacoby
If you are struggling to find a way to get a handle on your debts, you should know there are options available to you other than filing for bankruptcy . While filing for bankruptcy is a viable option ...
Continue reading "Alternatives to Bankruptcy" »
Posted on Mar 17, 2010 By Jacoby & Jacoby
Senior Managing Partner Melvyn Jacoby gives a brief overview the alternatives to Foreclosure .
Continue reading "Watch Me Wednesday: Foreclosure" »
Posted on Mar 16, 2010 By Jacoby & Jacoby
For one reason or another, every day more and more people are seeking bankruptcy protection. While filing for bankruptcy is a viable option for people struggling with too much debt, it shouldn't be ...
Continue reading "Avoiding Bankruptcy" »
Posted on Mar 15, 2010 By Jacoby & Jacoby
Although Chapter 11 bankruptcy is mostly sought by businesses, there are some cases in which an individual may wish to file for Chapter 11 bankruptcy. An individual can generally file for Chapter 11 ...
Continue reading "Can an Individual File Chapter 11 Bankruptcy?" »
Posted on Mar 12, 2010 By Jacoby & Jacoby
A loan modification is an effective way to prevent foreclosure . As soon as you have been approved for a loan modification , all foreclosure proceedings will be suspended. However, not everyone who ...
Continue reading "What Are the Qualifications for a Loan Modification?" »
Posted on Mar 11, 2010 By Jacoby & Jacoby
Thinking of filing for Bankruptcy ? You are not alone. According to the American Bankruptcy Institut e , over 111,000 consumer bankruptcies were filed in February 2010. This is a 14% increase when ...
Continue reading "Consumer Bankruptcy Filings on the Rise Already in 2010" »
Posted on Mar 10, 2010 By Jacoby & Jacoby
Senior Managing Partner Melvyn Jacoby explains what happens to your home if you file for bankruptcy.
Continue reading "Watch me Wednesday: Can I Lose My Home if I File for Bankruptcy?" »
Posted on Mar 9, 2010 By Jacoby & Jacoby
In a short sale, the lender allows a homeowner to sell his or her property at market value. Although the sale price may be lower than the balance owed on the home, the lender agrees to it because they ...
Continue reading "What is a Short Sale and Who Should Consider One?" »
Posted on Mar 8, 2010 By Jacoby & Jacoby
The foreclosure process beings when: A homeowner misses a payment. After 15 days, the lender or a collections agency is likely to call. The homeowner will also be hit with a penalty fee for not making ...
Continue reading "The Foreclosure Process in New York" »
Posted on Mar 5, 2010 By Jacoby & Jacoby
Filing for bankruptcy under Chapter 13 of bankruptcy law will come with a number of advantages. A New York Chapter 13 bankruptcy attorney from our firm will be able to explain to you all of the ...
Continue reading "Advantages and Disadvantages of Filing Chapter 13 Bankruptcy" »
Posted on Mar 4, 2010 By Jacoby & Jacoby
Before you begin the loan modification process, it's important to find an attorney you can trust to negotiate the terms of your loan and protect your best interest. Although a loan modification is ...
Continue reading "The “Watch Out” Signs for Loan Modifications" »
Posted on Mar 3, 2010 By Jacoby & Jacoby
Senior Managing Partner Melvyn Jacoby gives a brief overview of Chapter 13 Bankruptcy.
Continue reading "Watch Me Wednesday: Chapter 13 Bankruptcy" »
Posted on Mar 2, 2010 By Jacoby & Jacoby
Every day, people come to us seeking debt relief, yet hesitant to take the next step because they are concerned about how it will affect their creditor score in the long term. If you are having a ...
Continue reading "Benefits and Misconceptions about Chapter 13 Bankruptcy " »
Posted on Mar 1, 2010 By Jacoby & Jacoby
Filing Chapter 7 may be an option which will relieve you of your debt and help you get the fresh start you need. There are several important advantages of filing Chapter 7 bankruptcy. In fact, Chapter ...
Continue reading "Advantages and Disadvantages of Filing Chapter 7 Bankruptcy" »