When financial pressure becomes overwhelming, filing for bankruptcy may seem like the only way out. But before you try to handle the process yourself, it’s important to understand that bankruptcy law is complex and unforgiving of mistakes. While “DIY bankruptcy” might appear to save you money upfront, it can cost you much more in the […]
Debt can feel like quicksand. The more you struggle, the deeper you sink—and for many people, choosing the right way out becomes an urgent decision. Should you consolidate your debts into one payment, or is it time to consider Chapter 7 bankruptcy? Understanding the differences between Chapter 7 bankruptcy and debt consolidation is essential. Each […]
Bankruptcy is often seen as a last resort, a way to escape overwhelming debt when all other options have failed. But the truth is, bankruptcy isn’t just a legal process — it’s a strategic financial decision that can reset your future. Proper planning before filing can mean the difference between a smooth journey to debt […]
By Brian Figeroux, Esq., the Law Firm of Figeroux & Associates In today’s economy, where inflationary pressures persist and consumer debt continues to climb, falling behind on a car loan may seem like a temporary setback. However, delinquency on auto loan payments is often a major red flag—one that should prompt deeper financial reflection and […]
By Brian Figeroux, Esq. Debt consolidation loans can be a useful financial tool for combining multiple debts into a single, manageable payment. However, they are not always the right solution for everyone. In some cases, taking out a debt consolidation loan can lead to even greater financial difficulties. This article explores when someone should avoid […]
By Brian Figeroux, Esq. If a court determines that you owe money to an individual or a company, the creditor or debt collector may attempt to collect the debt by targeting your bank account. This process can result in your account being frozen or your funds being seized. However, both federal and New York state […]
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 […]
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 […]
By Brian Figeroux, Esq. Discharging student loans through Chapter 7 bankruptcy in New York City in 2025 is a complex process that requires careful navigation of legal procedures and a thorough understanding of the criteria involved. While traditionally challenging, recent developments have provided clearer guidelines to assist borrowers in seeking relief. This article offers a […]
When life throws unexpected financial challenges your way, it can feel overwhelming. Debt can accumulate quickly, leaving you struggling to make ends meet. If you’re facing such a situation, bankruptcy might seem like a scary option, but it can be a powerful tool for starting fresh. This article will guide you through the bankruptcy process, […]