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 […]
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 […]
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 […]