Under the current NY law, every Foreclosure lawsuit that affects a residential property must be assigned to the Foreclosure Settlement Conference Part before the bank can proceed to the actual Foreclosure and Sale.  The purpose of the Settlement process is to allow the Homeowner to apply for a loan modification, and to require the bank […]

DEFENDING A FORECLOSURE LAWSUIT – 101 WHAT TO DO WHEN YOU ARE SERVED WITH A FORECLOSURE LAWSUIT A foreclosure lawsuit is like any other lawsuit.  It is the same as being sued for a personal injury or breach of contract case.  Under NY law, when a person is sued, she has 20-30 days to “Answer” […]

Bankruptcy Advice…….. Bankruptcy and your Credit Score: Four common myths surrounding Bankruptcy: Bankruptcy will destroy my credit forever – false I will not be able to get credit for the next 10 years – false I will never be able to lease a car or get a car loan – false I will never be […]

BANKRUPTCY IS NOT A FOUR-LETTER WORD By Allen A. Kolber, Esq. I usually try to write articles that are substantive and informative, but this week I need to rage against the machine a little bit. I am a bankruptcy attorney.  My business card and the sign in my office prominently display the fact that I […]

Bankruptcy Advice…….. Filing for Bankruptcy protection is called getting a “Fresh Start”.  I also tell people that filing a Bankruptcy case is a “Last Resort”. Unless you are facing an absolute emergency such as a foreclosure sale, warrant of eviction, or bank restraint involving a large sum of money, every client should think long and […]