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Blog Posts in March, 2010

Watch Me Wednesday: Bankruptcy Exemptions

Senior Managing Partner Melvyn Jacoby discusses assets that are exempt in a Bankruptcy in New York.
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Common Questions about Chapter 7 Bankruptcy

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 ...
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Watch Me Wednesday: Bankruptcy Myths

Senior Managing Partner Melvyn Jacoby discusses a common Bankruptcy myth.
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Alternatives to Bankruptcy

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 ...
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Watch Me Wednesday: Foreclosure

Senior Managing Partner Melvyn Jacoby gives a brief overview the alternatives to Foreclosure.
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Avoiding Bankruptcy

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 ...
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Consumer Bankruptcy Filings on the Rise Already in 2010

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 ...
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Watch me Wednesday: Can I Lose My Home if I File for Bankruptcy?

Senior Managing Partner Melvyn Jacoby explains what happens to your home if you file for bankruptcy.
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What is a Short Sale and Who Should Consider One?

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 ...
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Advantages and Disadvantages of Filing Chapter 13 Bankruptcy

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 ...
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The “Watch Out” Signs for Loan Modifications

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 ...
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Watch Me Wednesday: Chapter 13 Bankruptcy

Senior Managing Partner Melvyn Jacoby gives a brief overview of Chapter 13 Bankruptcy.
Continue reading "Watch Me Wednesday: Chapter 13 Bankruptcy" »

Benefits and Misconceptions about Chapter 13 Bankruptcy

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 " »

Advantages and Disadvantages of Filing Chapter 7 Bankruptcy

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" »
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