On behalf of The Law Office of Lauren S. Cohen, LLC | Jan 20, 2020 | Bankruptcy
In New York and across the United States, one of the most common ways for people to find themselves in difficult financial circumstances is through medical expenses. For most people, these medical costs will lead to various attempts to keep from falling too far...
On behalf of The Law Office of Lauren S. Cohen, LLC | Dec 26, 2019 | Bankruptcy
Many people in New York are struggling with massive student loan debt. Across the country, borrowers owe $1.59 trillion in student loans, and the issue has been raised in presidential campaigns and major media. While filing for bankruptcy can help people to deal with...
On behalf of The Law Office of Lauren S. Cohen, LLC | Dec 11, 2019 | Bankruptcy
Since 2009, medical expenses have increased 33%, which has outpaced the increase in median household income over the past 10 years. This has led some New York residents to put their medical bills on credit cards. However, there are ways to avoid using credit cards and...
On behalf of The Law Office of Lauren S. Cohen, LLC | Dec 2, 2019 | Bankruptcy
Medical bills are a major problem for people living in New York and across the U.S. In fact, around 137.1 million Americans have endured financial hardship due to medical expenses in 2019 alone, according to a new study by TD Ameritrade. Researchers from the financial...
On behalf of The Law Office of Lauren S. Cohen, LLC | Nov 12, 2019 | Bankruptcy
Older adults in New York are more likely to have to declare bankruptcy than in previous decades. People 65 and older now make up 12% of people filing for bankruptcy compared to about 2% in 1991. Between 1991 and 2016, there was a 66% increase in people between the...
On behalf of The Law Office of Lauren S. Cohen, LLC | Sep 30, 2019 | Bankruptcy
New York is home to some of the nation’s finest universities, and the students who attend them often take on tens of thousands of dollars of debt to pay their tuition and living expenses. Individuals who are struggling to make student loan payments often believe...
On behalf of The Law Office of Lauren S. Cohen, LLC | Sep 3, 2019 | Bankruptcy
Most of the people in New York and around the country who file personal bankruptcy do so because of overwhelming medical debt, and many of them find themselves in an unsustainable financial situation after losing their health insurance coverage. Individuals often lose...
On behalf of The Law Office of Lauren S. Cohen, LLC | Jul 9, 2019 | Bankruptcy
For many people in New York dealing with insurmountable debt, a lawsuit from a debt collector may be a very serious concern. Of course, legal action is only one of the pressure tools used by collection agencies. People may deal with phone calls, letters and other...
On behalf of The Law Office of Lauren S. Cohen, LLC | Jun 24, 2019 | Bankruptcy
A survey from U.S. News & World Report found that 21% of Americans don’t know if they have credit card debt. It also found that Americans don’t always know the interest rate on the debt that they do have. Of those who were surveyed, 37% said that they...
On behalf of The Law Office of Lauren S. Cohen, LLC | Jun 14, 2019 | Bankruptcy
Young people in New York and across the country are facing a growing debt burden. While millennials were once known as a generation averse to borrowing, especially after they came of age during the financial crisis of 2008, an increasing number of young Americans now...
