Are you overwhelmed by debt and wondering if Chapter 7 bankruptcy can provide relief? Many Queens residents have questions about the Chapter 7 Means Test – a crucial assessment that determines whether you can eliminate most debts through Chapter 7 or if Chapter 13 bankruptcy......
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Filing for bankruptcy can feel overwhelming, especially when you think about rebuilding your credit afterward. The good news is that a fresh start is possible, and many people do successfully improve their credit scores following bankruptcy. Working with an experienced New York bankruptcy attorney can......
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Are you considering Chapter 7 bankruptcy but worried about losing your car? You are not alone. Many people in Queens depend on their vehicles to get to work, take kids to school, or run daily errands. It is understandable to feel uneasy about the possibility......
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Foreclosure can be scary for any homeowner. It often starts when you fall behind on your mortgage payments. You might receive letters from your lender, and you may feel stressed about losing your home. Fortunately, there is a powerful legal option that can help you......
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Money troubles can happen to anyone—unexpected job loss, medical bills, or even changes in household income can make it tough to keep up with debts. Many people in Brooklyn face financial stress and wonder if bankruptcy might be the solution. At Poltielov & Habib, LLP,......
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Short sales can feel complicated, especially if you have never heard of them before. If you are a homeowner in Queens and are worried about falling behind on your mortgage, a short sale might be an option to avoid foreclosure. But how does a short......
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Are you a New Yorker who feels overwhelmed by debt? Have you tried to make payment arrangements with your creditors but still cannot catch up? If so, you are not alone. Many people across New York City face tough financial challenges, from unexpected medical bills......
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Anyone living in Forest Hills knows that life in this part of Queens can be full of surprises. While there can be many good times, there may also be moments when bills pile up, debt grows too large, and homeowners worry about losing their place......
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When you live in Jackson Heights, life can feel busy and demanding. There are times when people find themselves under a weight of debt that they cannot pay back, no matter how hard they try. If you are facing unpaid credit card bills, medical debts,......
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When you live in Queens and are facing crushing debt, it can feel as if your future is up in the air. For many homeowners, one of the biggest fears is losing the home they worked so hard to own – especially if you are......
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When you live in Queens and feel buried under debt, it can be hard to see a better future. Many people facing unpaid credit card bills, medical expenses, or other kinds of financial trouble begin to feel that there is no relief in sight. Chapter......
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There are few things more stressful than falling behind on your bills. Personal bankruptcy offers a solution to many people dealing with serious financial distress. According to data from the American Bankruptcy Institute (ABI), nearly 35,000 people have filed for bankruptcy protection each year......
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Facing Foreclosure? Our New York Attorneys Help Homeowners Stop Foreclosures At Poltielov & Habib, LLP, our New York stop foreclosure attorneys are experienced, tireless, and skilled advocates for justice. There are few things more stressful than facing the risk of losing your home. We help......
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If you are falling behind on bills, you are not alone. Financial problems can cause serious distress. A bankruptcy filing offers a potential solution. The American Bankruptcy Institute (ABI) reports that approximately 33,000 people file for bankruptcy protection in New York each year. At Poltielov......
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Are you considering filing for bankruptcy protection? You are not alone. The American Bankruptcy Institute (ABI) reports that around 35,000 people file for Chapter 7 bankruptcy or Chapter 13 bankruptcy in New York in the average year. You may be wondering: What debts can be......
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Specific performance is an equitable remedy where a court orders a party to actually perform its contractual obligation, because monetary damages are inadequate to resolve the legal dispute. Generally, the specific performance remedy is sought to complete a previously intended transaction such as the sale......
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Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until July 31, 2021. The foreclosure moratorium applies to Fannie Mae and Freddie Mac, single-family mortgages only. The REO eviction......
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Our mortgage modification attorney in Queens, New York has successfully negotiated a loan modification for a client. Our client fell behind on her mortgage payments due to her mother’s ailing health in 2017. Our client had to provide care to her mother and as a......
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Real Property Law § 265-b is intended to protect individual borrowers who have mortgages secured by a one to four family owner-occupied residence, and who are in danger of being foreclosed because of one or more defaults under the mortgage that entitle the lender to......
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If you have been served with a summons and complaint in a foreclosure action, and you have not filed an answer, you still have options available to you. Our Queens foreclosure defense attorney is available to speak with you at anytime and will provide you......
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Filing for Chapter 7 bankruptcy requires you to meet qualifying income levels. Since bankruptcy courts discharge most if not all debts, it is an option reserved for only the most financially restricted consumers. If you do not qualify for Chapter 7, you can attempt to......
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A New York foreclosure attorney can discharge a mortgage when it is barred by the applicable statute of limitations. In New York, an action to foreclose a mortgage is subject to a six-year statute of limitations. In other words, a bank has six years to......
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Filing a Chapter 7 Bankruptcy can be an option if you are in the midst of a foreclosure action. Bankruptcy is a federal procedure for dissolving/discharging debts, or in some cases paying debts on a schedule. The United States Constitution authorizes Congress to enact “uniform laws”......
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If a borrower is behind on his or her mortgage payments, he or she may be eligible for several “loss mitigation” options. One of those options is what is called a “deed in lieu of foreclosure” and it will be presented by the bank to......
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When faced with foreclosure, a borrower will have several “loss mitigation” options available to them. One of these options is a New York short sale process to stop foreclosure. A short sale is a sale of the property to a third party, which sells for......
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The foreclosure process in New York can be long and complex. The good news is that the bank must comply with many regulations before commencing a foreclosure action. Therefore, there are many opportunities that the borrower is presented with to litigate a foreclosure action. Hiring......
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Ways to Stop Foreclosure When Served with a Notice of Sale File for Bankruptcy Protection A homeowner can file a Chapter 7 or Chapter 13 bankruptcy and this will automatically stop the sale. Today, an attorney can file your petition electronically with the court,......
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