Long Island Bankruptcy Attorney Blog

It is possible to be overwhelmed by debts, even if you have high income. However, by filing for Chapter 13 bankruptcy, individuals with regular and substantial income can repay part or all of their debts. This section allows them to develop a repayment plan to make installments within a frame time of three to five…

Do you have bad days due to possessing more liabilities than assets? Do you want to hire a bankruptcy lawyer to keep your organization afloat? In that case, we can help you out! At the Law Offices of Scott R. Schneider, we provide experienced debt attorneys to help insolvent clients. A bankrupt person is the…

If you are unable to pay the amount of debt that you have accumulated and are so far behind on mortgage payments that you are also facing foreclosure, it is important to understand how a foreclosure can affect your bankruptcy. Being unaware of how this works can cost you tax dollars and can even mean…

If you are considering filing for bankruptcy in the state of New York, it is important to understand the means test and how it works. The means test is a two-part test that is designed to determine whether a candidate for bankruptcy meets the income requirements for filing. This test applies mainly to Chapter 7…

When you are facing bankruptcy, you probably have many questions about how it is done and what to expect. You probably have creditors to deal with and may even be worried about losing your home. You may also be wondering if you need an attorney, and if so, what kind? Here are some of the…

When debts pile up and are out of control, many people consider filing for Chapter 13 bankruptcy. This is a good option for those who are able to pay off most of their debts if given more time or if a better debt repayment plan can be negotiated with creditors. However, there are limits to…

If you’re behind on payments for some of your assets and have accumulated debt, you may have received an unpleasant and scary notice from a New York City Marshal saying that your wages are about to be garnished. Instead of becoming overwhelmed with worry, respond proactively by contacting a New York bankruptcy attorney who can…

When you own a business that is in financial distress, you may be wondering just what options you have in the state of New York. Sometimes filing for bankruptcy is a useful way to help you reorganize your business and get it back on track financially. However, in order to make a sound decision about…

If you’ve gotten behind on car payments to the point where the car dealer is trying to repossess your car, you are probably scared and worried because you need your car to get to work, to doctor appointments or to get groceries. Maybe you are dealing with other debts as well, and things are beginning…

If you’re thinking about filing for bankruptcy due to overwhelming debt, you already know that the idea can be scary. However, there are some real benefits to filing for bankruptcy if you’re being hounded by creditors and you just cannot pay the bills. Stop Repossession Melville. Depending upon which type of bankruptcy you choose, you…