Financial Technology (FinTech) has revolutionized money management, from mobile banking and online lending to blockchain and cryptocurrency. Its rapid growth and widespread adoption have reshaped financial services, offering unprecedented convenience and efficiency. However, FinTech companies aren't without inherent risks. These include … [Read more...]
The Financial and Legal Implications of Divorce and Foreclosure
Divorce and foreclosure are significant life events that can bring considerable upheaval. They both represent a loss of stability, whether it's the end of a marriage or losing a home. Each situation carries substantial emotional and financial burdens, making it crucial to understand their full implications. Divorce and foreclosure impact personal, … [Read more...]
5 Legal Considerations for Same-Sex Divorce
Since the legalisation of same-sex marriage in many countries, the number of same-sex divorces has naturally increased as well. By definition, same-sex divorce refers to the legal dissolution of a marriage between two individuals of the same sex. Common reasons for it include incompatibility, lack of intimacy, infidelity, health, communication and … [Read more...]
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Strategies to Keep Your Home Secure Amid Divorce and Bankruptcy
Dealing with a divorce and facing bankruptcy at the same time can put enormous pressure on any family, especially when your home is at risk. This article, courtesy of the Law Offices of Schlissel DeCorpo, provides straightforward tips and practical advice for those who find themselves in this tough situation. Whether it's understanding your legal … [Read more...]
No-Fault Divorce in New York
No-Fault divorce involves a divorce which can be obtained without either of the parties to the marriage having to allege or prove the other party has in some way, form or manner misbehaved. Almost all of the States in the United States today have some form of a no-fault divorce law on the books. The grounds for a no-fault divorce in the … [Read more...]
Using Bankruptcy as a tool
Individuals and corporations facing serious debt issues can look at bankruptcy as a remedy to these problems. To start with, bankruptcy eliminates collection lawsuits. The filing of a bankruptcy also can stop wage garnishments, prevent harassing telephone calls and stops your creditors from harassing you, and collection law firms from sending you … [Read more...]
Filing for Loss Mitigation and Bankruptcy at the Same Time
Homeowners often file for a Chapter 13 bankruptcy to prevent the pending sale of their homes. It is often recommended in addition to filing a Chapter 13 bankruptcy that the homeowner also file a loss mitigation proceeding. The Eastern District Federal Court encompasses Nassau County, Suffolk County, Kings County, Queens County, and Staten Island. … [Read more...]
Loss Mitigation In Bankruptcy Proceedings
Loss Mitigation refers to the program in New York bankruptcies that allows the debtor to resolve foreclosure issues with the financial institution. The purpose of the loss mitigation is to allow the homeowners to remain in their home. The Loss Mitigation Process The loss mitigation progress involves the debtor submitting an application for a … [Read more...]
Questions about Bankruptcy
What is bankruptcy? Bankruptcy is a federal legal proceeding designed to help individuals and corporations deal with debt problems. Individuals who do not have the current ability to pay their debts can file either a Chapter 7 or Chapter 13 bankruptcy. The filing of either of these bankruptcies stops all legal action of every type and nature … [Read more...]
