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Not all debt is bad. In fact, many Garnerville residents responsibly carry debt in the form of home mortgages, car and student loans, and other lending tools that enable them to access what they need to live good, productive lives.

Filing for bankruptcy as a business can be confusing. New York residents who operate entities may wonder what tax obligations they have while their bankruptcy matters are pending.

Choosing to file for personal bankruptcy is a difficult process that a person should not take lightly. Though bankruptcy can provide a New York resident with the opportunity to eliminate or reorganize his debt into a manageable sum...

Almost nothing about filing for bankruptcy is easy. A New York resident may struggle with the decision of whether to file for a considerable about of time before starting the process.

It can only take one life-altering event — perhaps a sudden and expensive illness, a job loss or the death of the family breadwinner — to cause a person’s finances to take a hit, making it difficult to meet their financial obligations. One of these obligations for many in New York is making monthly payments for an automobile.

Credit seems to be available everywhere. Many stores throughout New York offer their customers credit cards that provide those users with in-store benefits.

In a short period of time, a New York business can find itself working with a variety of creditors. From banks that loan it money for start-up costs, to credit card companies that give it spending power to outfit it to succeed in its industry, businesses can quickly owe money to a lot of creditors with a lot of different loan terms.

As readers of this New York bankruptcy law blog may know, Chapter 7 bankruptcy and Chapter 13 bankruptcy have different processes and end goals. Chapter 7 bankruptcy, also known as liquidation bankruptcy...

It is an unfortunate fact that every year some individuals choose to break the law and commit bankruptcy fraud. While some instances of bankruptcy fraud occur due to accident or inadvertence...

The holidays have come and gone and a new year is now upon the residents of Rockland. As individuals across the community plan and commit to their 2015 resolutions, some may think about what they can do to improve their financial health in the year to come.