Bankruptcy

Study: Two-Thirds of Bankruptcy Filings Are Due to Medical Issues

by Michael H. Schwartz
Man computing for medical bills.

Medical issues contribute to roughly two-thirds of the country’s bankruptcy filings each year, according to a recently released study. In the view of one of the study’s authors, a lack of adequate health care insurance likely contributes to the majority …

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FICO Plans Big Shift in Credit-Score Calculations

by Michael H. Schwartz
Businessman checking on credit score on his laptop.

The Fair Isaac Corporation, the company that developed the FICO score, is rolling out a new credit score this year called “UltraFICO.” Experian, one of the three major credit reporting agencies, will distribute the credit score, according to USA Today. …

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Eight Retailers That Could Go Bankrupt in 2019

by Michael H. Schwartz
Retail store closing due to bankruptcy.

What do Radio Shack, Toys “R” Us, and Circuit City all have in common? They all failed to keep pace in a high-tech consumer marketplace and recently went out of business. In 2019, several other major retailers are on the …

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How Do I File for Chapter 13 Bankruptcy in New York?

by Michael H. Schwartz
Worried man consulting his bankruptcy attorney.

Call us first!  Michael H. Schwartz has been successfully helping people throughout Westchester County, Rockland County, Putnam County, the Hudson Valley and New York City area file for Chapter 13 bankruptcy protection for more than 40 years.  We are second …

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10 Years After 2008 We Still Borrow More Than We Save

by Michael H. Schwartz
Woman holding her passbook is stressed over her unpaid debts.

In 2008, the housing market collapsed. The Great Recession began as this collapse created a tsunami effect throughout the entire American economy. In an eerie and very similar parallel to what happened in the 1920s that caused the stock market …

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Number of Older Americans Filing for Bankruptcy Has Tripled Since 1991

by Michael H. Schwartz
Sad old man filing for bankruptcy.

Bankruptcy rates have tripled among older Americans since the early 1990s, according to a recent article in the New York Times. The number of people age 65 and over who are filing for bankruptcy has tripled since 1991. From February …

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Suicide is not the Answer to Financial Pressure & Issues

by Michael H. Schwartz
Man is feeling depressed on financial pressure.

With suicide rates on the rise* nationwide, it seems appropriate to stop for a moment and talk about this problem and what we can do about it. The warning signs of someone having suicidal thoughts can be hard to discern, …

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Trumpcare: Realities vs. Promises

by Michael H. Schwartz
Our White Plains bankruptcy lawyer discuss Trumpcare.

President Donald J. Trump, announced again, that he was providing “healthcare reform.” President Trump promised health care superior to “Obamacare,” Can his new “plan” be any better than his last plan? President Donald Trump advocates a health care plan in …

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The Mistake of Filing for Bankruptcy Without Paying Upfront Fees

by Michael H. Schwartz
Our White Plains bankruptcy lawyers discuss the mistake of filing for bankruptcy without paying upfront fees.

When filing for bankruptcy in New York, most people make the smart choice of hiring an experienced bankruptcy lawyer.  Not only will an experienced bankruptcy attorney help you sort out the different types of bankruptcy and determine which is best …

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Why You Should Always Hire The Best Bankruptcy, Foreclosure Defense and Loan Modification Lawyer

by Michael H. Schwartz

The Executive Office of The United States Trustee, is a Division of the Department of Justice, which primarily monitors consumer bankruptcy cases. On March 11, 2016 in a speech published by the American Bankruptcy Institute, Clifford T. White, III., The …

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