Federal Court Orders Harris Jewelry to Reopen Portal for Defrauded Consumers to File Claims for Refunds; Portal Will Close on December 21st NEW YORK – New York Attorney General Letitia James today urged service members and veterans who were deceived by Harris Jewelry to file claims to receive refunds from her office’s
Navigating financial hardships can be overwhelming, but filing for bankruptcy in New York may provide the fresh start you need. Bankruptcy is a legal process designed to help individuals and businesses eliminate or repay debt under the protection of the federal bankruptcy court. Understanding the types of bankruptcy available and
Editorial credit: Andrey_Popov / shutterstock.com There are two primary types of bankruptcy for individuals: Chapter 7 and Chapter 13. Both have different processes and implications for debt discharge, and they affect credit scores differently. Chapter 7 Bankruptcy: This involves the liquidation of non-exempt assets to repay creditors. It typically remains
By Brian Figeroux, Esq. | Editorial Credit: Smart Calender/ shutterstock.com Bankruptcy law, in theory, is designed to offer individuals and businesses a fresh start when they are overwhelmed by debt. The process should be equitable, neutral, and available to all debtors, regardless of their race or socioeconomic background. However, a
By Brian Figeroux, Esq. | Editorial credit: Kmpzzz The emotional impact of bankruptcy is profound, with many individuals experiencing shame, guilt, and anxiety. However, the Bible offers a framework for understanding bankruptcy as an act of forgiveness and grace, rather than failure. Through the Parables of Jesus and the Year
Editorial Credit: Vitalii Vodolazskyi / shutterstock.com If you’re a small business owner in New York grappling with insurmountable debt, missed payrolls, or unpaid suppliers, you may be considering bankruptcy as a way to manage your financial crisis. Choosing the right type of bankruptcy—Chapter 13 or Chapter 11—can make all the
Bankruptcy filings in the United States saw a significant spike in August 2024, following a brief slowdown in July. According to S&P Global Market Intelligence data, the number of filings for the year through August has reached the highest levels since 2020 and the second-highest since 2010. This surge reflects
In a significant legal development, the Supreme Court temporarily halted President Biden’s latest effort to forgive tens, and possibly hundreds, of billions of dollars in student debt. This move has sparked widespread debate, as it follows the Court’s rejection of a more extensive plan last year that aimed to
If you’re struggling with debt and have judgment liens recorded against your property—like your home or car—there is a way to get rid of those liens through Chapter 7 bankruptcy. This process, known as “lien avoidance,” can help you protect your assets and move towards a fresh financial start. In
Bankruptcy can be a complex and emotionally charged process, especially when you’re married. In New York, understanding how bankruptcy works in the context of marriage is crucial for making informed decisions that affect both you and your spouse. Whether you’re considering filing for bankruptcy on your own or together, it’s
