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…