315 Madison Avenue
88-02 136 Street
Jamaica, NY 11418
75 South Broadway
White Plains, NY 10601
1225 Franklin Avenue,
Garden City, NY 11530
1172 Coney Island Ave
Brooklyn, NY 11230
101 Ave U
Brooklyn, NY 11223
Filing For Bankruptcy in NYC: The New Trend
In the last five years, over 2 million individuals filed for bankruptcy. Millions more are in serious financial jeopardy. Economists estimate that for every family that declares bankruptcy, there are seven more that should based on their debt load.
Credit card abuse, for the most part, is a myth perpetuated by the credit card companies. The truth is the majority of individuals and families in financial trouble can be directly linked to circumstances beyond their control: the loss of a job, a medical crisis, or a family crisis such as a death or divorce.
And while bankruptcy is one avenue for dealing with debt issues, there are other alternatives.
Whatever you decide to do, DO NOT FALL for "consolidation" or "credit repair" schemes.
Generally, letting a property go into foreclosure or conducting a 'short-sale' are both ineffective and potentially destructive choices to your credit when considering your property status.