Recent Posts in Bankruptcy Myths Category
Posted on Apr 4, 2011 By Jacoby & Jacoby
There are a number of myths surrounding bankruptcy and how it may affect you as a borrower. Here we will dispel three of the main myths on this important subject: Myth #1: Filing for bankruptcy is a ...
Continue reading "The Three Biggest Bankruptcy Myths: How Filing Will Affect Your Life" »
Posted on Jul 20, 2010 By Jacoby & Jacoby
There are a lot of myths out there regarding bankruptcy, like that it will ruin your credit for life and that you will lose your home. We found this article on SmartMoney.com that gives you 10 ...
Continue reading "10 Things Bankruptcy Court Won’t Tell You" »
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 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 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 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 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" »