Are you heading towards bankruptcy?

If you’ve run out of options and can find no way to pay your credit card debt, the remaining installments of your mortgage or car loan, or any other big payments, filing for bankruptcy might be your best option. It’s true that the American federal system believes in giving second chances, but first it is essential that you dig a little deeper and make yourself more familiar with the bankruptcy system and all the possible consequences.

First of all, you ought to know that for the average consumer there are two chapters of bankruptcy you can apply under, and they are chapter 7 and chapter 13.

Chapter 7

Chapter 7 bankruptcy, or “liquidation”, allows you to get a fresh start in the following way:

If you have little to no assets to your name (or assets with very little or no value), and have mostly unsecured debts, Chapter 7 may be the best option for you. This can also include certain eligible back taxes for personal income, medical debts, and judgments. Under Chapter 7, you’ll be allowed to keep exempted assets and personal property.

Chapter 13

If you have a reliable source of income and are looking to save a certain asset (such as a home with equity, a high value car, or a rent-stabilized apartment), Chapter 13 bankruptcy may be your best option. Depending on your current income you can formulate a 3-5 year plan to pay back a portion of your debts.

The biggest advantage, is that the payment plan is predictable and not at the collector’s discretion. You remain protected against continued interest, late fees charges and of course, harassment from the collector.

Biggest Benefits of Bankruptcy

The biggest benefits of any bankruptcy is that it allows you room: room to breathe, room to catch up on your monthly living expenses, and room to live your life free from the harassment of creditors, bill collectors, and judgments.

A Bankruptcy lawyer in NYC can guide you through these complicated procedures. You need someone that is experienced and well-versed in such cases.

The lawyer will not just suggest which chapter you should apply for bankruptcy under, but also help you increase your chances of a favorable result by the court with the same.

She will guide you in presenting your case and financial statements in the court, and inform you about other unique intricacies involved.

A Bankruptcy lawyer in NYC can help you with your bankruptcy. A favorable decision by the court can mean that you get to pay your debt in a way that is convenient, and avoid being harassed by collectors.

Get Financial Compensation for Personal Injuries by Hiring the Right Lawyer

Accidents can happen anytime and to anyone. In case an accident is severe, it can injure people. Such unfortunate situations are challenging, both emotionally as well as financially.

Although it is not possible to predict when a mishap might take place, you can still get help and be compensated for your loss. This way the sufferer does not have to bear the load of heavy medical bills and other associated expenses.

However, you cannot do this alone and you will need professional help. You must consult with lawyers who are specialized in handling lawsuits on the behalf of people who were injured due to the carelessness or negligence of someone else. Another party can be a company (the employer of injured person), a person, or a shop owner or homeowner.

Personal injury laws can be very complicated and may not always provide you with compensation in instances of road accidents, wrongful death, medical malpractice or other similar claims. Therefore, it is best to contact only those professionals who are thoroughly aware of every complexity associated with this subject. Hiring a personal injury law firm in New York who is known for handling such case can ensure expected results.

A car accident is a common example of a situation where the victim would most likely file for a claim. A person is likely to get several bruises and injuries after such mishaps. Depending upon the nature and severity of incidence, nature of injury can vary, and so will the compensation.

The role of a lawyer in this legal scenario would be to help their client obtain compensation for injuries caused by another party. The compensation can cover replacement of damaged property (such as car), medical expense and other losses.

The lawyer would begin with negotiating the amount of claim with the insurance company and other responsible parties on the behalf of his client. They would also be responsible for ensuring that their client does not face any situation where they end up giving up their rights.

If you are looking for a reputed personal injury law firm in New York, then you can either ask your friends or family for their contacts, or you can browse the internet to search for a reliable law firm.

Are you a good candidate for a US green card?

Every year thousands of people come to the US in search of a better life and a brighter future. A green card is probably the first step towards getting a permanent residence, and later, US citizenship. Some requirements for getting a green card are generally known to everyone, but there are certain other factors that can work for or against you.

The information given below should help you understand your chances and the steps that you need to take to make sure everything goes well for you:

It helps if someone from your family has already migrated to the US successfully, as they can sponsor you. Your parents, child, husband, or wife can sponsor you if they have attained US citizenship from the government already. Except for these immediate relatives, there is a numerically-limited preference system for all other relatives.

If your relative’s current status is only limited to being a permanent resident, things won’t be as easy. Permanent residents can only sponsor spouses and children, as long as they are not married.

Is there any other way to get a green card?

You might be wondering, what people without a relative in the US can do to get a green card. Don’t worry, if you have the right skills and qualification, you can still get a green card through employment.

For this there are 5 Employment based categories, or EB categories, namely EB-1, EB-2, EB-3, EB-4 and EB-5.

Details are below:

The first category includes people with extraordinary abilities, outstanding professors and executives and managers of multinational employers.

The second consists of people with exceptional ability and people with an advanced university degree (or its equivalent)

The third category consists of professionals, skilled and unskilled workers.

The fourth category consists of mostly religious workers and some special immigrants.

The final category is dedicated to investors.

Immigration laws can be very tricky, and a single mistake can hurt your chances permanently. An Immigration Law Firm in New York can help you come face to face with you realistic your chances are for migrating.

In addition, an immigration attorney can guide you as you what you should and shouldn’t do, in order to make sure that you can come to the US successfully.

Your American dream is just a few steps away as long as you make sure that you don’t do anything that will work against you.

An Immigration Law Firm in New York will be your perfect guide to a hassle free immigration process.