What to Do If You Are Sued for Credit Card Debt: A Step-by-Step Guide

What to Do If You Are Sued for Credit Card Debt: A Step-by-Step Guide

By Brian Figeroux, Esq. Receiving a lawsuit notice for credit card debt can be stressful and overwhelming, but it’s important to remain calm and take action quickly. Ignoring the lawsuit can lead to a default judgment, which may result in wage garnishment, bank account levies, or liens on property. However, by responding strategically, negotiating, and […]

Chapter 7 vs. Chapter 13 Bankruptcy: How Life Circumstances Affect Your Decision

Chapter 7 vs. Chapter 13 Bankruptcy: How Life Circumstances Affect Your Decision

By Brian Figeroux, Esq.  In today’s economic climate, financial instability is a growing concern for many individuals. Rising costs of living, inflation, job loss, and personal hardships such as divorce and broken relationships can lead to overwhelming debt. When financial obligations become unmanageable, bankruptcy may be the best solution for a fresh start. However, choosing […]

Can I File for Bankruptcy After Overspending on Black Friday, Small Business Saturday, and Cyber Monday?

Can I File for Bankruptcy After Overspending on Black Friday, Small Business Saturday, and Cyber Monday?

By www.311bankruptcy.com The excitement of Black Friday, Small Business Saturday, and Cyber Monday can lead to irresistible shopping sprees. Still, for some, these events can also result in overspending that may spiral into financial distress. If you’ve maxed out your credit cards, racked up significant debt, or find yourself struggling to pay bills after these […]

Chapter 13 vs. Chapter 11 Bankruptcy for Small Business Owners in New York: Navigating Your Options

Chapter 13 vs. Chapter 11 Bankruptcy for Small Business Owners in New York: Navigating Your Options

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 difference in how effectively you […]

Filing for Bankruptcy in 2024: What You Need to Know

Filing for Bankruptcy in 2024: What You Need to Know

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 as illness, divorce, foreclosure, or […]