Legal Blog

November 23, 2015 | by Michael H. Schwartz, P.C. in Bankruptcy

Westchester County Condo Association Sanctioned for Violation of the Bankruptcy  Code

Contact the law office of Michael H. Schwartz, P.C. today for a free consultation.

A U.S. Bankruptcy Judge Ordered Heritage Hills Condo 18 to pay $16,375.03 in compensatory and punitive damages for repeated violations of the Bankruptcy Code’s automatic stay and the Bankruptcy Court orders, marking the 15th time Michael H. Schwartz has achieved …

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November 19, 2015 | by Michael H. Schwartz, P.C. in Bankruptcy, Foreclosure

New York Now Takes the Lead in Property Foreclosures

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It has been close to 10 years since the housing market collapsed in the mid-2000s, and though the market has recovered in many towns and cities across the country, in other areas it continues to struggle as increasing numbers of …

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October 30, 2015 | by Michael H. Schwartz, P.C. in Bankruptcy

Consumer Bankruptcy and a Stable Society: The Positive Effects of Bankruptcy Protection

Contact the law office of Michael H. Schwartz, P.C. today for a free consultation.

Bankruptcy can provide a fresh financial start for honest consumers struggling with debt, and recent studies have shown that filing for bankruptcy has a generally positive effect on both the person filing as well as society as a whole. Many …

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October 21, 2015 | by Michael H. Schwartz, P.C. in Bankruptcy

Report on HAMP Finds Banks Still Mistreating Mortgage Borrowers

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The creation of the federal Home Affordable Modification Program (HAMP) was intended to help homeowners keep their homes in the face of the mortgage crisis and the end of the nationwide housing bubble. A recent report on the program’s progress, …

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September 2, 2015 | by Michael H. Schwartz, P.C. in Bankruptcy

Filing for Bankruptcy is a Smart Move, But Avoid These Foolish Mistakes

Contact the law office of Michael H. Schwartz, P.C. today for a free consultation.

The word “bankruptcy” may conjure feelings of dread, fear and shame in many New Yorkers – but it shouldn’t. In fact, those who file for bankruptcy do better financially than those who continue to struggle with their current debts, according …

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August 12, 2015 | by Michael H. Schwartz, P.C. in Bankruptcy

Here is Exactly Why People Who File Bankruptcy Are Smart

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By Steve Rhode June 30, 2015 I seem to spend a lot of time educating people that most everything they know about bankruptcy is just plain wrong. In fact a friend of mine just told me they were going to …

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July 14, 2015 | by Michael H. Schwartz, P.C. in Debt Settlement, Foreclosure

Mr. Schwartz Successfully Eliminates $282,761 of Mortgage Debt, Reduces Interest Rate, and Eliminates Second Mortgage Entirely

In the latest of a long line of successful mortgage modifications, Michael H. Schwartz has been awarded the highest hourly rate ever in a mortgage modification by Chief Judge Cecilia G. Morris, United States Bankruptcy Court. The fees will be …

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July 6, 2015 | by Michael H. Schwartz, P.C. in Debt Settlement

Report Finds Older Americans Suffer More Abuse from Debt Collectors

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Older individuals face more harassment and abuse from debt collectors, on average, than younger individuals do, according to a recent report released by the Consumer Financial Protection Bureau (CFPB). The researchers found that older Americans are more likely to be …

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July 1, 2015 | by Michael H. Schwartz, P.C. in Bankruptcy

5 Easy Tips to Help You Purchase a Car With a Low Credit Score

Contact the law office of Michael H. Schwartz, P.C. today for a free consultation.

If your financial situation is such that you are considering bankruptcy or have recently filed for bankruptcy, chances are good that your credit score has slipped. That one little number can have a big impact on your ability to get …

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June 2, 2015 | by Michael H. Schwartz, P.C. in Bankruptcy

A Behind-the-Scenes Peek at What Really Takes Place in Debt Collection

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The U.S. has 50 states, about 320 million people – and about 369,000 debt collectors, according to the Bureau of Labor Statistics (BLS). That’s an average of about one debt collector for every 870 people, and the number of debt …

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