By Brian Figeroux, Esq. Chapter 7 bankruptcy is the simplest and quickest way to erase most debts, yet many people avoid it due to misconceptions, fear, and bad advice. Here’s why: Fear of Losing Property (Which Rarely Happens) Many believe that filing for Chapter 7 means they will lose their home, car, and all their […]
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 […]
Editorial credit: wisely / shutterstock.com NEW YORK – New York Attorney General Letitia James today released a guide to help New Yorkers use the state’s Exempt Income Protection Act (EIPA) to protect their money from debt collectors. The EIPA is a state law that prevents debt collectors from draining consumers’ bank accounts, leaving them unable to cover […]