Name: Robert H. Solomon, PC
Rating: 5

6 Reasons Why You Shouldn’t Wait to File Bankruptcy

Posted on December 18, 2020

In the wake of COVID-19, individuals, families, and businesses across the United States are struggling to make ends meet. After mass layoffs, forced closures of stores and restaurants, stay-at-home orders, and, of course, staggering medical expenses, millions of people are leaning on state and federal assistance simply to pay the bills and...

CARES Act Makes Pivotal Adjustments to Bankruptcy Code

Posted on April 7, 2020

Financial Support for Businesses and Individuals During COVID-19 Local, state, and federal governments are scrambling to provide financial support to individuals and businesses amidst the COVID-19 pandemic. The most notable legislation is the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law by...

NY Bankruptcy Judge’s Ruling Could Help People Get Rid of Student Loans

Posted on January 13, 2020

A lawyer managed to get own his massive, years-old student debt thrown out in New York bankruptcy court this week, after he was able to prove the burden was so huge he could never afford to pay it. The ruling potentially has huge implications for others suffering under crushing...

Using Secured Credit Cards to Rebuild Your Credit Following a Bankruptcy

Posted on July 9, 2019

How Do Secured Credit Cards Work? The New York Times recently wrote about the value of secured credit cards for those with poor credit. A secured credit card requires a cash deposit to “secure” the line of credit and allows users to make purchases up to...

Should I Declare Bankruptcy if I Can’t Pay My Student Loans?

Posted on November 21, 2018

Knowing what your options are when filing for student loan discharge is important. Discover your options when your student loans are becoming too much to handle. Declaring Bankruptcy If You Can’t Pay Your Student Loans Generally speaking, student loans cannot be discharged in bankruptcy, but...

How Does Bankruptcy Affect my Credit Score?

Posted on November 6, 2018

Although bankruptcy can stay on your credit for up to 10 years, it is never too early to try and rebuild it. Ways Bankruptcy Affects Your Credit Score One of the main reasons people hesitate to file for bankruptcy is because of the effect it...

What You Should Expect From Your Bankruptcy Lawyer?

Posted on October 23, 2018

Do I Even Need Help From a Bankruptcy Attorney? If you are considering bankruptcy, the last thing you might be thinking is paying to get help, but that is precisely what you need. Your ability to pay your bills on time has been compromised, and professional guidance is...

How Much Will Your Chapter 13 Bankruptcy Repayment Plan Be?

Posted on October 3, 2018

Chapter 13 bankruptcy allows debtors to keep all of their possessions as long as they make the agreed-upon payments designated by the bankruptcy court trustee. The debtor makes payments in the repayment plan for 3-5 years (the time is decided by the statute and is based on income) directly to the trustee...

Is Chapter 13 Bankruptcy for You?

Posted on September 12, 2018

When considering bankruptcy, the average person thinks about chapter 7. By the time they think about filing for bankruptcy, they are generally having considerable trouble paying their bills on time. What many people don’t know is that an alternative to filing chapter 7 bankruptcy is available: Chapter 13 bankruptcy.

Common Personal Bankruptcy Questions and Answers

Posted on August 15, 2018

Filing for bankruptcy can be a complicated process for all except the most highly trained individuals. Creditors and debt collectors want you to pay your bills on time, and don’t want you to know that bankruptcy may be a way to get out from underneath that financial burden. But before you make...

What Does the Bankruptcy Filing Process Entail?

Posted on August 1, 2018

Considering filing for bankruptcy? The procedure is a multi-step process that the bankruptcy court requires before a discharge from bankruptcy can occur. Although there are several types of bankruptcy, to keep it simple, we will only cover chapter 7 and chapter 13 here. The requirements for chapter 7 are a little easier...

The Most Common Types of Bankruptcy

Posted on July 23, 2018

Both people and businesses file for bankruptcy when they are financially unable to pay their creditors on time, or at all. Bankruptcy allows individuals and businesses to get a fresh start so they can resume their lives without the burden of debt they can’t pay. Common reasons why they file bankruptcy are...