Chapter 13 Bankruptcy provides opportunities for homeowners to delay or prevent foreclosure and pay off back debt on their mortgages. In some cases, homeowners can also eliminate the amount of second or third mortgages. In order for this option to work, you need to generate enough income to at least meet your current mortgage payment and your other…

Chapter 11 bankruptcy is typically filed by a company or organization when they need to undergo financial reorganization. While the company is still generating capital, bad investments or other operational issues, often place them in a position of financial distress. Filing Chapter 11 allows the business to restructure itself and evaluate its current holdings in…

In today’s debt laden economy, consumer credit debt and foreclosure are rampant. According to Nerdwallet.com, the average household debt in the US is over $132,000. While all this might seem overwhelming, if you are facing insurmountable debt, there are options to help rebuild your future. Chapter 7 bankruptcy is an option that enables individuals to dig…

Are you drowning in debt? Or trying to stop your personal items from being repossessed? Since 1993, Penachio Malara, LLP has been serving residents of Westchester County, the boroughs of New York City and the state of Connecticut with legal advice for a wide variety of issues including bankruptcy, business, real estate and litigation. Lawyers…

Boost Your Credit Score: 4 High-Impact Tips The credit score is a short three-digit number with a very high impact. The purchase of a home, obtaining an auto loan or other important financial milestones are all dependent on this carefully calculated measurement. But at times, we stumble financially, and our credit scores are adversely affected,…

Filing bankruptcy is not an easy decision. It’s often surrounded by months and even years of financial difficulty. Yet filing creates many unknowns and fears about the future, such as: Will I lose my house? Will I ever have good credit again? Is life going to get easier or more difficult?   There are many…

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We are a Debt Relief Agency. We Help People file for Bankruptcy under the Bankruptcy Code.

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