Struggling with Credit Card Debt? Why Bankruptcy May Be the Best Solution for You
In today’s uncertain economy, more Americans are struggling with credit card debt than ever before. Inflation, high interest rates, and increasing unemployment have left many consumers relying on credit just to cover their basic living expenses. Unfortunately, once credit card balances grow, it can be nearly impossible to escape the cycle of debt by paying […]
New York’s Highest Court Upholds the FAPA Law and Restricts Mortgage Lenders Ability to Reset Statute of Limitations in Foreclosure Cases
In a landmark set of decisions this past November, the New York Court of Appeals delivered what many legal observers are calling one of the most significant clarifications in New York foreclosure law in years. The court’s rulings in Article 13 LLC v. Ponce de Leon Fed. Bank and Van Dyke v. U.S. Bank upheld […]
Bankruptcies on the Rise in New York: What 2025 Revealed About Financial Stress
Bankruptcy filings have increased noticeably across the United States in 2025, and New York was no exception. After several years of historically low filing levels following the covid pandemic, the past year marked a clear shift. More individuals have turned to the bankruptcy courts for relief as financial pressures accumulated, signaling that many of the […]
The Hidden Costs of Paying Only Credit Card Minimums After the Holidays
The holiday season often brings joy but for many it ends with credit card bills that can linger long after the decorations are put away. Due to increased spending during the holidays, many consumers choose to make only the minimum monthly payment on their credit cards as a way to ease their post-holiday financial burdens. […]
Can I File for Bankruptcy Again?
As New Yorkers are continuing to face an ongoing affordability crisis, many are experiencing serious financial strain. Post covid and ongoing inflation has severely impacted household budgets. As a result, many Americans are living paycheck to paycheck. This is further evidenced by the record amount of outstanding credit card debt balances. According to the Federal […]
Updated Means Test Figures Effective November 1, 2025 What New York Debtors Need to Know
If you are thinking about filing for bankruptcy in New York, it is important to understand how recent updates to the bankruptcy means test figures may affect your eligibility to file for Chapter 7 bankruptcy. The means test is a budget test requirement in the bankruptcy code that applies to certain debtors seeking to file […]
The Pitfalls of Filing Bankruptcy Pro Se (Without an Attorney)
When grappling with economic hardship, bankruptcy may provide the best opportunity to obtain a fast fresh financial start. While it is true that you are not legally required to hire an attorney, filing for bankruptcy on your own, known as filing “pro se,” comes with serious risks. Bankruptcy law is complex, requiring knowledge not only […]
What Are The 60- and 90-Day Notice Requirements for New York Foreclosure Cases?
In New York, prior to commencing a residential foreclosure action there are certain mandatory procedural requirements that a mortgage lender must comply with. Failures to properly satisfy these requirements, can serve as a basis for a homeowner to have a foreclosure action dismissed by the Court. Specifically, these notices are the 60-day default notice and […]
Filing Bankruptcy as an Uber Driver in New York
In today’s challenging economy, many New Yorkers have turned to Uber as a full-time or part-time source of income. Whether it is a primary source of income or to supplement existing wages, driving for Uber has become a lifeline for thousands. But for many, especially after COVID-19, financial pressures have only grown, making bankruptcy a […]
New Means Test Local and National Standards May Help You Qualify for Chapter 7 Bankruptcy
If you are struggling with debt and considering filing for bankruptcy, recent updates to the Means Test standards might make it easier for you to qualify for Chapter 7 bankruptcy or potentially reduce your required payments in a Chapter 13 filing. As of May 15, 2025, the U.S. Department of Justice has issued updated the […]