On behalf of The Law Office of Lauren S. Cohen, LLC | May 8, 2020 | Bankruptcy
When you’re struggling with money, nothing is worse than opening your bank account to see it drained. Seeing that you have bounced checks or overdrafts in your account can make you feel terrible about yourself and your ability to take care of your family. Don’t be...
On behalf of The Law Office of Lauren S. Cohen, LLC | Apr 4, 2020 | Bankruptcy
Chapter 7 bankruptcy is what most people think of when they hear the word bankruptcy. It is also known as liquidation bankruptcy because the courts potentially have the right to force you to sell certain assets to partially pay back your creditors once you initiate...
On behalf of The Law Office of Lauren S. Cohen, LLC | Mar 23, 2020 | Bankruptcy
Filing for bankruptcy is one option that individuals have for taking control of their finances. What many people don’t realize is that this comes with many considerations. Some people think that they are going to be happy and relieved when they file, but that’s not...
On behalf of The Law Office of Lauren S. Cohen, LLC | Mar 23, 2020 | Bankruptcy
Knowing that you can’t pay your bills and make ends meet can be emotionally challenging. For many people who are considering bankruptcy, this is coupled with feelings of despair and shame. This doesn’t have to be the way that they feel. While bankruptcy was once...
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...
