Debt Consolidation v. Bankruptcy

Our office frequently fields questions regarding the advantage of a bankruptcy over debt consolidation – after all, no one really wants to be considering bankruptcy. However, bankruptcy will afford you more protection from your creditors than debt consolidation services provide. 1. Debt Consolidation: this service allows you to work with your creditors and attempt to settle your debt pennies on the dollar. The advantage to debt consolidation is primarily the feeling that you did not have to … [Read more...]

CHAPTER 7 – TOP 5 QUESTIONS

Chapter 7: Top 5 Questions Whenever considering a bankruptcy, you want to make sure you are completely informed of what you are signing up for.  Our Westchester bankruptcy lawyers are here to assist you through these difficult financial times.  Here are some of our clients pressing concerns….  1.       Why do they want to know my husband’s income, he is not filing? One of the grandest changes to the bankruptcy laws in 2005 was what the court has deemed “disposable income”.  Under the … [Read more...]