The following posts are questions submitted by National Bankruptcy Forum readers, or questions people who are considering filing bankruptcy often ask themselves. Bankruptcy can be a complicated process, so you shouldn’t feel ashamed if you don’t understand all of it. Maybe you need to know more about bankruptcy exemptions in your state, how to qualify for filing Chapter 7 bankruptcy, or how bankruptcy may affect your career. If you have questions about bankruptcy or would like a free debt evaluation, please reach out to us at National Bankruptcy Forum by filling out our online contact form or calling 877-280-4299.
NYC’s Worst Debt Collectors: Who are They?
Over 20 million people live in one of our country’s biggest regions, metropolitan New York. Unfortunately, New York City has been hard hit by the coronavirus which is a threat to public health as well as the economy. The economic impact of COVID-19 shutdowns could put millions in dire straits financially, and sadly, many of these…Read more
Why is Rosland Capital Telling Everyone to Buy Gold?
Rosland Capital advertises heavily on television, encouraging people to purchase gold and silver coins as well as gold and silver ingots. With the current turmoil in the stock markets, this may sound tempting. The question that is often asked is whether it is a good idea to purchase precious metals, either as an investment, as…Read more
Can I Keep My Farm & Livestock and File Bankruptcy?
People who are considering bankruptcy often wonder whether they will be able to keep their property, and farmers are no exception. Although I practice bankruptcy law in an urban area, the topic does come up from time to time for some clients who own farms or rural land. People who keep livestock and grow crops…Read more
Should I choose a college based on my parents’ income?
We all know college is expensive. But just how hard is it to pay off student loans? According to new information published by the National Bureau of Economic Research (NBER), choosing the right school to attend can have a huge effect on your future — but not just on what type of job you might…Read more
Does my girlfriend’s contribution to utilities hurt my ability to qualify for chapter 7 bankruptcy?
Reader Question: I live with my girlfriend who has her house paid-off. I pay her $450 month for my share of the food and utilities. I earn just under the cutoff to be able to file for Chapter 7 BK. The problem, as I see it, is would I have to include what she pays…Read more
Wage Garnishment Laws in NY: Can Creditors Take My Paycheck?
Last updated Oct. 30, 2017. Although many people believe that missing a payment or two on a debt can result in a quick garnishment of their wages, this is not the case. Having one’s wages garnished in New York State is the end result of a process that can last for several months. With credit…Read more