Lawyers

Understanding Chapter 13 Bankruptcy: When to Consult a Chapter 13 Lawyer Introduction Dealing with overwhelming debt can be a challenging and stressful experience. Fortunately, individuals facing financial hardship have various options to regain control of their finances. One such option is filing for Chapter 13 bankruptcy, which provides a structured plan for repaying debts over a specified period. If you reside on Long Island and are considering Chapter 13 bankruptcy, it's essential to consult with a knowledgeable Long Island Chapter 13 lawyer who can guide you through the process and help you achieve a fresh financial start. Understanding Chapter 13 Bankruptcy Chapter 13 bankruptcy, also known as a wage earner's plan, is a legal solution designed for individuals with a regular income who have the ability to repay their debts over time. This type of bankruptcy allows debtors to reorganize their financial obligations and create a manageable repayment plan that typical...

  Second Marriages and Estate Planning: Navigating the Complexity Entering into a second or third marriage can bring a mix of emotions and financial considerations. Unlike our first marriages, we're often older, with fewer working years to recover from a financially devastating split. In this context, I strongly advocate for the use of prenuptial agreements (PreNups) to safeguard each party's baseline financial security in the unfortunate event of a divorce. One of the most challenging aspects, in my experience, is dealing with adult children from previous marriages. It's rare to encounter a second marriage without some strain caused by the respective children of both partners. Without a well-thought-out plan, this can lead to conflicts akin to World War III, particularly when it comes to the ownership of the primary residence. Consider this scenario: I'm the homeowner, and my new, younger husband moves in. He might express the intention to have his nam...

  What to Know About Foreclosures on Reverse Mortgages If you or an elderly parent have (or are thinking about getting) a reverse mortgage, there are things you need to know about how these types of mortgages work. And yes, you may still have to deal with the threat of foreclosure. What is a Reverse Mortgage? With inflation skyrocketing, many seniors on fixed incomes are struggling with the rising cost of living. If you are a homeowner of 60 or over, you may be eligible for a reverse mortgage. Unlike a traditional mortgage, where you are given a lump sum and pay it back month by month, a reverse mortgage uses your home equity to pay  you  every month. The reverse mortgage comes due when you die or sell the home (learn more about   what types of reverse mortgages are available in New York ). But like any other financial agreements with lenders, there are terms and conditions you need to pay careful attention to. While a reverse mortgage sounds lik...

  EFFECTIVE COMMUNICATION: GUIDING YOUR CHILD THROUGH DIVORCE DURING THE SCHOOL YEAR Dealing with divorce during the school year can be challenging for both parents and children alike. As seasoned  Queens Divorce Lawyers  at  Beckerman & Granados, PLLC,  we recognize the significance of providing support and guidance during this difficult transition. We are here to share invaluable tips on navigating divorce with your child as the new school year approaches. By following these recommendations, you can ensure a seamless transition and minimize any potential negative impacts on your child’s academic performance and emotional well-being. Effective Communication: Guiding Your Child Through Divorce One of the most critical aspects of helping your child cope with divorce is open and honest communication. Engaging in meaningful conversations with your child about the upcoming changes is essential. Here are some key points to consider: Age-Appro...

  Navigating Bankruptcy: Unleashing the Power of a Long Island Chapter 7 Attorney at Pryor Mandelup If you're struggling with debt and are considering filing for Chapter 7 bankruptcy in Long Island, it's important to work with an experienced attorney who can guide you through the process and help you achieve financial freedom. At  Pryor & Mandelup LLP , our Long Island Chapter 7 attorneys have helped countless clients discharge their debts and start anew. Here's how we can help you too: Comprehensive evaluation of your financial situation We'll start by evaluating your financial situation and determining if you're eligible for Chapter 7 bankruptcy. We'll review your income, expenses, assets, and liabilities to determine if Chapter 7 is the best option for you. Guidance and support throughout the bankruptcy process Filing for Chapter 7 bankruptcy can be a complex and overwhelming process, but with our guidance and support, you can ...

  October is National  Estate Planning Month .  Think this only applies to the wealthy?  Think again!  You need Estate Planning if: You have minor children.  Without a plan in place, a stranger will decide who raises your child. You are among the 68% of Americans with a pet. A good Estate Plan will ensure that your furry loved one has a smooth transition. You are among the 60% of Americans who own a home. Without a good Estate Plan, your beneficiaries will be subject to taxes, probate and long term care claims! You have a blended family. A good plan will ensure that my children won’t be at war with my second husband! You have a loved one with special needs. A simple will leaving assets to a disabled beneficiary, can disrupt their eligibility for program benefits. What is the Biggest Estate Planning Mistake people make?                AMC- The #1 mistake ...

  Can I Stay a Foreclosure Sale Without Declaring Bankruptcy? If you live in New York, and your lender is trying to sell your house out from under you, you have options other than bankruptcy to have the courts stay (stop) the sales process. What is an Order to Show Cause? Besides declaring bankruptcy, an Emergency Order to Show Cause (OSC) is the other main method of staying a foreclosure sale. This method involves non-bankruptcy state law but is discretionary, meaning unlike the automatic stay in a bankruptcy case, a stay under an OSC needs to be court ordered. Unlike a Motion on Notice (which is asking the court to do something – which can sometimes take a while depending on how busy they are), an emergency OSC can take less than a week. This is vital if the date of your foreclosure sale is rapidly approaching. In order for an OSC to be accepted by the courts, you and your foreclosure attorney will have to “show cause” meaning you will have to convince the co...

 DISCOVER WHETHER APPEARING IN COURT IS NECESSARY FOR AN UNCONTESTED DIVORCE IN NEW YORK AND WHAT PAPERWORK IS INVOLVED. Are you considering an uncontested divorce in New York and wondering why you might need a New York Uncontested Divorce Lawyer? Our goal is to simplify the process and provide you with all the information you need to proceed efficiently and cost-effectively with a goal of avoiding Court appearances. Contact Beckerman & Granados, PLLC , today at (718) 374-5642 to schedule a consultation. Streamlining Divorce with Uncontested Divorce Attorneys in Queens Filing the correct paperwork is essential for a swift and successful uncontested divorce. Our Queens uncontested divorce lawyers have honed a streamlined process designed to make your divorce more efficient and less financially burdensome. At our firm, we prioritize personal attention to each client, ensuring that your case is handled with care and expertise. We understand the desire to move past a challenging r...

  Long Island Bankruptcy Lawyer: Navigating Financial Challenges with Professional Guidance Introduction: When overwhelming debt and financial struggles become too much to bear, seeking the assistance of a knowledgeable bankruptcy lawyer is crucial. If you’re located in Long Island, look no further than  Pryor & Mandelup, L.L.P. , the premier bankruptcy law firm in the region. Our experienced Long Island bankruptcy lawyers are committed to helping individuals and businesses overcome financial hurdles and achieve a fresh start. In this article, we will explore the role of a Long Island bankruptcy lawyer, the benefits of their services, and introduce you to Pryor & Mandelup, L.L.P. , your trusted partner in resolving bankruptcy matters. Understanding Bankruptcy Law: Bankruptcy law provides a legal framework for individuals and businesses to address overwhelming debt and regain control of their financial situations. It offers a path to eliminate or re...