Preventing Foreclosure in New York

Many people struggle financially sometimes, affecting several facets of their lives. When this happens, they may fall behind on payments for their property. This may cause them to face the possibility of foreclosure. Foreclosure can be a very frightening reality for some people. In the event that individuals face this harsh reality, it is important […]

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What is the Meeting of Creditors?

When bankruptcy is filed, individuals often create a plan on how to pay back their debt. This requires certain steps to be completed. Regardless of whether it is an individual or a business claiming bankruptcy, they will have to attend a meeting of creditors, sometimes referred to as the Section 341 meeting. These meetings often […]

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What is the Automatic Stay?

While people often fear filing for Bankruptcy, doing so can be very beneficial. It can prevent individuals from losing a home or business by restructuring their finances. Filing for Bankruptcy allows you a fresh start. During this process, the Bankruptcy Court enforces what is known as the Automatic Stay to aid debtors in their time […]

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What is Loss Mitigation in New York?

When people struggle with their finances, it can lead to difficult times for individuals and their families. Sometimes, poor financial situations may result in filing for bankruptcy to stop the foreclosure of their home. Having a home is extremely important for a family, so there are ways for people can seek help during this time […]

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