Should I File Bankruptcy Without a Lawyer?
202005.25
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Should I File Bankruptcy Without a Lawyer?

Are You Struggling Financially And Considering Bankruptcy? Many people who are struggling financially and overwhelmed by debt are often not sure where to turn for help. One option, which is often the best option, is bankruptcy. In contemplating whether to file for bankruptcy in New York, we strongly recommend consulting with an experienced bankruptcy attorney….

COVID & PPP Program Updates
202005.04
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COVID & PPP Program Updates

New Funding for PPP Loans On April 23, 2020, a $484 billion coronavirus relief bill was passed by Congress that provided $320 billion for a second round of funding for the Paycheck Protection Program (PPP)  created by the CARES Act. The PPP was designed to help small businesses get through the COVID crisis and cover…

Help For Individuals During The Coronavirus Crisis
202004.24
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Help For Individuals During The Coronavirus Crisis

As of April 16,2020, twenty- two million Americans are out of work and have applied for unemployment benefits. The Coronavirus crisis has hit many industries hard: restaurants, bars, airlines, hospitality, live music, sports, movie theaters. Stay at home orders and the closure of non-essential businesses have taken an enormous toll on our economy with the…

New Changes to Credit Score Calculation
202004.16
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New Changes to Credit Score Calculation

Welcome to David I. Pankin, P.C.’s consumer financial updates. David I. Pankin is a Long Island bankruptcy lawyer with offices in Manhattan, Brooklyn and Melville. We’re happy to bring you recent updates about new changes to credit score calculations. A New FICO Formula Consumers creditworthiness is summarized using credit scores. There are only a few…

What Is The Difference Between Debt Settlement, Debt Consolidation and Credit Counseling?
202001.24
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What Is The Difference Between Debt Settlement, Debt Consolidation and Credit Counseling?

When struggling with debt, consumers often do not know what their best options are. There are three different services that some of our clients frequently consider before filing for bankruptcy: Debt Settlement, Debt Consolidation and Credit Counseling. These terms are sometimes used interchangeably but they are indeed different and have very different costs, effects and…

Managing Debt After The Holidays (Holiday Debt)
202001.08
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Managing Debt After The Holidays (Holiday Debt)

The temptation to overspend during the holidays can be strong. Promotional credit card offers with 0% APR financing and other holiday sales and promotions can make that temptation even stronger. Holiday spending is increasingly taking place using credit, debit and prepaid cards. According to The Nilson Report, over the last year, consumers have increased their…