What Do I Do After Forbearance in New York
During the Covid 19 Pandemic, many homeowners experienced a reduction in income from either job loss, reduced pay, loss of overtime, loss of rental income, or some combination thereof. As a result, they may have fallen behind on their monthly mortgage payments. According to the National Housing Law Project, of all outstanding single-family mortgages, approximately […]
Mortgage Forbearance Options
As a result of the Covid-19 pandemic, many homeowners are potentially eligible for mortgage relief in the form of a forbearance which can delay payments up to 360 days! If you have been financially affected by Covid-19, you will need to determine what type of forbearance you may be entitled to, if any. Under both […]
Should You Let Your Insurance Company Monitor Your Driving?
Many large auto insurers offer programs that will monitor you’re driving and give you a discount for safe driving. Additionally, there is one new insurance start-up that will require it. Is this discount worth the trade off in privacy? What Is Involved? The driving monitoring programs may use two different means to track your driving […]
New Bankruptcy Means Test Figures In New York Effective 11/1/20
As a NYC bankruptcy lawyer, David I. Pankin updates readers regularly on changes in bankruptcy law. The Justice Department has released new figures to be used when determining when the New York bankruptcy means test applies for cases filed after November 1, 2020. In the Bankruptcy Code, the means test is used to determine eligibility […]
Enticing Promotional Credit Card Offers And Bankruptcy
Introductory 0% APR Interest: New Purchases & Balance Transfers In a rush to attract new customers, many credit cards companies offer 0% APR incentives for limited introductory periods. Some cards offer the introductory 0% APR only on either purchases or balance transfers, but not both. A few cards offer an intro 0% APR on both. […]