Being Free: Bankruptcy Dockets and Discharges

by Stephen Kass on November 20, 2014

When you have filed for Chapter 7 or Chapter 13 bankruptcy, you always hope to not spend very long in trusteeship. When you receive a discharge, it means that essentially, your life is your own again. There are certain factors in your bankruptcy case that will govern how long it will take you to receive […]

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CNN reports that the average student loan debt in the United States at the end of last year was nearly $30,000. In New York the numbers are almost as bad; the average is just over $25,000.  Between 2008 and 2012, student loan debt rose a shocking six percent per year. Seventy percent of college seniors […]

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Being Smart About Improving Your Credit

by Diana Revzin on October 20, 2014

In the modern era, debt is not a simple matter between you and your creditors.  Anyone who has ever rented an apartment, applied for a credit card, or tried to set up payments on a new car knows that credit scores play a significant role in determining whether you will be able to obtain credit. […]

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Debt Collectors Turn to Social Media

by Diana Revzin on October 15, 2014

Historically, people who have experienced crushing debt have faced seemingly endless harassing phone calls from debt collectors.  Consumer protections are in place to help limit the worst of these calls.  Debt collectors have now moved on to a new technology to attack Americans who struggle to make ends meet.  Now the collectors have taken to […]

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Most people who have experienced crushing debt are familiar with debt collectors.  Even a person who has not experienced debt himself has heard about endless harassing phone calls from debt collectors coming in day and night.  But there is another sort of harassment leveled by collectors that can be even more damaging than the humiliating phone […]

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Credit Card Debt Does Not Mean You Are Irresponsible

by Diana Revzin on October 10, 2014

Historically, being in credit card debt has come with a certain degree of social stigma.  While societal pressures push us ceaselessly to buy, we face a sort of shame when we cannot pay.  In 2010, the average New Yorker carried $6,600 in credit card debt, according to Debt.org.  The national average for credit card debt that […]

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New York Tax Levies

by Diana Revzin on March 18, 2014

A levy is an order issued by the court to a bank or other third party to turn over funds or assets belonging to you to New York State to pay a tax obligation. Before a tax levy can be issued, a tax warrant must be filed. What is a Tax Warrant? A tax warrant […]

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What to Do About Your Tax Debt

by Diana Revzin on March 17, 2014

Few things are worse to think about than your tax debt. You knew that when you filed, or did not file, that taxes would be owed, or you were surprised to get a notice advising you of an underpayment and that penalties and interest are accumulating. In these situations, there are some things you can […]

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Are You Responsible for Your Spouse’s Tax Debt?

by Diana Revzin on March 4, 2014

Spouses who communicate and share in the finances and obligations of the relationship expect to also share in each other’s tax debts. When you file jointly, for example, the IRSa and the New York Tax Department treats you as a single taxpayer. Any refund that is due is not apportioned. Consequently, any offset on a […]

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How Are Taxes Treated When You File for Bankruptcy?

by Diana Revzin on January 29, 2014

If you are struggling to pay the bills each month yet find yourself falling farther and farther in debt, bankruptcy may be the best long-term solution. Most individual debtors file either a chapter 13 or a chapter 7 bankruptcy. If you have significant tax debts, the way those debts are handled in the different bankruptcy […]

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