NYC Bankruptcy Blog

Payday loans are a trap that catches many struggling consumers.  Thankfully, many consumers can protect themselves with Chapter 7 bankruptcy and erase these debts. On February 27, 2013, the New York Times wrote an article on the dangers of payday loans.  They reported that: “People use payday loans to avoid borrowing from family and friends, and […]

One of the questions I am asked most often is: Can I keep a credit card if I file bankruptcy?  Many people can’t imagine living without at least one credit card. The answer to the question is:  No, you can not keep credit card debt off your bankruptcy.  The Bankruptcy Code requires that all creditors be […]

People often ask me if they can be arrested if they ignore a summons from a credit card company.   In New York, the answer to this question is no.  In New Jersey, the answer is yes in some cases, but it can easily be avoided. This is a good question.  The Wall Street Journal found that over […]