Book Review: How to File for Chapter 7 Bankruptcy

How to File for Chapter 7 Bankruptcy published by Nolo (www.nolo.com) and written by Albin Renauer, J.D., Robin Leonard, J.D., and Stephen Elias, Attorney, gives an individual thinking about filing bankruptcy checklists on whether the person qualifies for Chapter 7, how to cancel as much debt as possible, the court systems and bankruptcy petition completion, […]

Mortgage Points and Fees

The Consumer Financial Protection Bureau (CFPB) on May 9, 2012 outlined proposed rules to simplify mortgage points and fees to bring more transparency to the mortgage loan origination market. The CFPB expects to finalize the rules by January 2013.  The rules are intended to make it easier for consumers to understand mortgage costs and compare […]

Filing Bankruptcy to Keep Your Home

Most people file bankruptcy because they want to keep an important asset such as a home.  A home has a lot of meaning to people because it is the place to go where people seek shelter, where they build family memories, and where they can stay warm. When filing bankruptcy to keep a home, a […]

Frequently Asked New York Bankruptcy Questions

Many times people do not file bankruptcy to get rid of their financial worries because they do not ask the right questions to better understand the bankruptcy process. The following answer frequently asked questions about bankruptcy proceedings: What is bankruptcy? Bankruptcy is a proceeding to discharge debt for individuals. Bankruptcy provides a fresh start to […]

Legal Problems May Lead to Bankruptcy

Many people get into financial debt because of legal problems. Individual legal problems can stem from contract disputes or tax problems. Speak with an experienced NY bankruptcy attorney to understand if the type of debt incurred from a legal dispute can be wiped out by filing bankruptcy. A tax debt may not be dischargeable in […]