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Queens Chapter 7 Bankruptcy – Information about Filing Chapter 7, Chapter 7 Attorneys
Queens, Brooklyn, Bronx, Manhattan, New York, Staten Island, Nassau, Suffolk, Long Island Filing Chapter 7 Bankruptcy NYC Bankruptcy Lawyers Best Bankruptcy Lawyer Video What is Chapter 7 Bankruptcy? Find out how it works, and see whether Chapter 7 bankruptcy would be the right choice for you
I’m Neil Colmenares, a Consumer Bankruptcy Attorney. If you’re overwhelmed by debt, we can help. For over a decade, I’ve helped good people through tough times. ?
-Did you know that the moment we file a Bankruptcy for you:
• Those harassing phone calls from creditors and collection agencies will stop immediately.
• Your paycheck will no longer be garnished and your bank accounts will be unfrozen.?• If you’re in foreclosure, the foreclosure will be stopped dead in its tracks.?
Some of the long-term benefits of filing bankruptcy include:?
• Getting rid of your dischargeable debt: which includes credit card debt, store card debt, medical bills, personal loans, deficiency judgments, and certain taxes and student loans if certain conditions are met.?
• You get to keep your property such as your home and your car if certain conditions are met.?
• Other benefits include Repair to your Credit- If your considering Bankruptcy, your credit score is probably not in its best shape. The filing of Bankruptcy could actually help repair your credit sooner than if you did not file Bankruptcy. ?
• Moreover, credit card companies will want to extend credit to you after filing. The reason if simple, when a person files Bankruptcy under Chapter 7 of the Bankruptcy Code and receives a discharge, that person can not receive another discharge under Chapter 7 for at least eight (8) years. To the credit card companies that makes you a good credit risk, since you cannot get rid of any new debt in another bankruptcy for at least eight years. If you’re worried about buying a house in the future, the same goes for mortgage companies.?
•Finally, you get a second chance! Being able to wake up in the morning knowing that the worst financial crisis in your life is behind you, if reason enough to consider Bankruptcy.?I encourage you to read the various articles and information on this website. Personal experience shows that the more a person knows about Bankruptcy, the more comfortable they will be with the decision to file.?
-If you would like to schedule a consultation, we’ve made it simple. Fill out the “Quick Contact Form” on the Contact us page of this website, briefly describe your case and the time and date you are available for your telephone consultation. I make every effort to personally reply within 24 hours. Or, if you prefer, you can schedule a consultation “the old fashioned way” by calling us on the telephone. Thank you.
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Duration : 0:2:20
After the Financial Services Revolution: Deregulation, Bankruptcy Reform and Consumer Debt Crisis
February 8, 2007
Speaker: Robert D. Manning, PhD, Research Professor and Director, Center for Consumer Financial Services, Rochester Institute of Technology
Summary: The Frank J. Battisti Memorial Lecture
Banking deregulation has profoundly changed the financial services offered to consumers and the institutions that offer them. How has the dramatic erosion of federal and state regulation affected consumer usury laws, marketing policies, and consumer education? What are the factors that have shifted the focus of banks from corporate to consumer lending? How has the profitability of the industry changed and what does it mean to local banks? What factors are responsible to diluted loan underwriting standards? What role have credit cards played in this “revolution”? How have these changes influenced attitudes toward credit and debt now that America has a negative savings rate (first time since 1933)?
The financial services industry argued that consumer defaults on loans cost the average American over $400 simply because people are exploiting the bankruptcy law to avoid paying their debts. What are the economic realities to the industry? Can consumers expect lower cost products now that the bill was enacted? What are the most important changes in the law for consumers? What impact has the law had on bankruptcy filings? Who is responsible for soaring consumer bankruptcy rates? What role does homeownership play in the process of consumer bankruptcy?
Finally, how do we explain the dramatic change in social attitudes toward saving and consumer debt? When and why are Americans assuming record levels of debt? What are the implications of rising consumer debt to the future of American society? What are the near term consequences of consumer debt on retirement and social inequality? Is inheritance or rising property values the solution to the debt problem?
Dr. Manning’s lecture will explore all of these questions and conclude with a prediction that American society has about 10-15 years to reverse the consumer debt crisis or the U.S. will face a sharp decline in its standard of living and serious financial crises in 20-25 years — independent of the financial pressures of the retiring baby boomer “bulge.” Also, the failure to rapidly reverse the consumer debt crisis has enormous implications to the future global economic power of the U.S. as our dependence on cheap credit dwarfs our dependence on cheap energy.
Duration : 1:17:25
