Foreclosure is a multifaceted legal process in which a lender takes possession of a property when the borrower fails to meet their mortgage obligations. In the state of New York, foreclosure laws and procedures are intricate and can be challenging to navigate for both homeowners and lenders. Understanding foreclosure in
Marriage is a partnership that extends beyond emotional support and companionship; it often involves shared responsibilities, including financial ones. Among the various concerns that arise in marriage, the issue of debt can be particularly complex and sensitive. Many individuals wonder about their liability for their spouse’s debts, and understanding the
When thinking of filing for bankruptcy, understanding the bankruptcy process and the available options can be challenging. This article provides general information, not legal advice, to simplify things for you. What Is Bankruptcy? “What is bankruptcy?” This is a common question when facing financial challenges. Life happens, and factors such
By Lindsay Simon | The Conversation More than 20,000 companies file for bankruptcy every year. Although companies follow many different paths to bankruptcy, each one encounters a process that is carefully designed to balance the rights of debtors and creditors. As I’ve learned from studying and practicing bankruptcy law, the system is
Even though you might be aware of how to budget your monthly expenses and avoid debt, there’s more to financial security than that. Right off the bat, you can start by establishing the difference between financial security and financial stability. Having financial stability means that you can pay off your
By Lindsey Appleyard | November 13, 2023 | The Conversation Credit is an everyday, and often essential, part of young people’s lives. Gaining access to credit for the first time is an important transition to adulthood that can enable you to study, earn and invest in your future. Previously, most people’s
Listen to our bankruptcy podcast here. It may seem like there is never a good time to file for bankruptcy, but with the holidays sneaking upon us, it may seem like now is one of the worst times. If you’re struggling financially, money can be the last thing you want
The US has approximately 2.5 million people in prison at any given time. While most of them have no significant assets that they would need to manage while away, a few do get snatched away in the middle of a full financial life – mortgages, businesses, outstanding credit card dues
Student Loan Borrowers are Reminded to Only Use Trusted Government Websites and Not Respond to Unsolicited Offers of Student Loan Relief or Assistance Secretary Rodriguez: “To protect yourself from falling victim to a scam, I urge all New Yorkers to read our tips, stay up-to-date with trusted information and remain
Teens applying to colleges easily assume that student loans are a great way to pay for the expenses involved. They simply don’t see how terrible the risks involved are. These loans are very hard to repay. The US has 7 million student loan defaulters. If they were to form a
