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The purpose of federal bankruptcy legislation, sometimes known as Title 11 of the United States Code or the “Bankruptcy Code,” is to provide an opportunity for financial reorganization or a fresh start for legitimate debtors who are unable to fulfill their obligations.
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As you are undoubtedly aware, many homeowners are in arrears on their mortgages as a result of the 2020 recession brought on by the coronavirus. At first, most lenders had been understanding and would have granted a brief suspension of the late payments.
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Clients regularly hire the Law Office of Ronald D. Weiss, P.C. to represent them in negotiations with banks, mortgage holders, credit card issuers, auto financing providers, landlords, tax authorities, and other creditors.
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The most common strategy used by our firm to prevent a house in severe mortgage arrears from going into foreclosure is a mortgage modification. Mortgage modification and other potential Retention Options are the potential goals of most homeowners in foreclosure because most people experiencing serious hardships with their mortgages are looking for “Retention Options
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Southold, one of Suffolk County’s ten towns in New York, USA, rests on the northeastern tip of the county, situated along the picturesque North Fork of Long Island. According to the 2020 census, its population stood at 23,732. Within the town lies a charming hamlet, also named Southold, with roots tracing back to its establishment in 1640.
Algonquian-speaking tribes, closely linked to those found in New England across Long Island Sound, inhabited eastern Long Island before the arrival of European settlers. Meanwhile, the western region of the island was home to bands of Lenape, whose language also belonged to the Algonquian family.
In the surrounding areas, Dutch colonists had established early settlements to the northwest: Fort Orange, founded in 1615 (later renamed Albany by the English), stood on the upper Hudson River, while New Amsterdam (later renamed Manhattan) was established in 1625. Lion Gardiner established a manor on Gardiners Island in East Hampton in 1639. Just across from Long Island, the Connecticut Colony, or Connecticut River Colony, emerged in 1636. Despite being largely surrounded by Connecticut Colony, the Puritans separately established New Haven Colony in 1638, operating as a theocracy governed solely by church members.
English Puritans from New Haven Colony settled in Southold on October 21, 1640, after purchasing land in the summer of the same year from a group of Native Americans related to the Pequot of New England, who resided in the area they called Corchaug (now Cutchogue). Initially spelled “Yennicott” by settlers, Southold is widely recognized as the first English settlement on Long Island within what would become New York State. Under the leadership of Reverend John Youngs and Peter Hallock, the settlement consisted of families including Barnabas Horton, John Budd, John Conklin, John Swazy, William Wells, John Tuthill, and Matthias Corwin.
In 1650, the Treaty of Hartford established a boundary between Dutch and English claims, roughly passing through Oyster Bay on the North Shore. The Dutch controlled the western part of Long Island, while the English dominated the east. At that time, Southold’s population was approximately 180. The harbor at Greenport, located on the North Fork, grew in importance for trade, fishing, and whaling, particularly because it seldom froze over. Settlers also developed the interior land for agricultural purposes.
The town occupies the northeastern tip of Long Island, New York, situated on a peninsula known as the North Fork, along with its extensions Plum Island and Fishers Island. Separated from Connecticut by the Long Island Sound, the town’s eastern peninsula, near Orient Point, lies north of the Town of Shelter Island. However, it is set apart from the South Fork of Long Island by the Great Peconic Bay and the Little Peconic Bay. The western boundary of the town meets the Town of Riverhead. The distance from Orient Point to the Riverhead border spans twenty-one miles. Additionally, Robins Island, a preserved open space in the Great Peconic Bay, falls within the jurisdiction of the Town of Southold.
As per the United States Census Bureau, the town encompasses a total area of 404.1 square miles (1,047 km2), of which 53.8 square miles (139 km2) is land and 350.3 square miles (907 km2) (86.69%) is water. Southold boasts approximately 163 linear miles of coastline.
The town is home to several significant coastal fish and wildlife habitats, including the Mattituck Inlet Wetlands and Beaches, Fishers Island Beaches, Pine Islands and Shallows, Goldsmith Inlet and Beach, Pipes Cove Creek and Moores Drain, and the Dumpling Islands and Flat Hammock.
According to the 2000 census, Southold town had a population of 20,599 people, residing in 8,461 households and 5,804 families. The population density was 383.5 inhabitants per square mile (148.1/km2), with 13,769 housing units at an average density of 256.3 per square mile (99.0/km2). The racial composition was predominantly White (93.53%), with notable percentages of Black or African American (2.91%), Asian (0.45%), and individuals of other races (1.51%), including those identifying with two or more races. Hispanic or Latino individuals comprised 4.77% of the population.
Household demographics revealed that 26.5% had children under the age of 18, 56.8% were married couples living together, and 8.5% were headed by a female householder with no husband present. Additionally, 31.4% were classified as non-families, and 26.6% consisted of individuals, with 15.1% being individuals aged 65 or older. The average household size was 2.40, and the average family size was 2.90.
In terms of age distribution, Southold town had 21.5% of its population under the age of 18, 5.2% between 18 and 24, 23.8% between 25 and 44, 26.5% between 45 and 64, and 23.1% aged 65 or older. The median age was 45 years, with slightly more males (93.3 males for every 100 females) present in the population.
Regarding income, the median household income was $49,898, and the median family income was $61,108. Males had a median income of $46,334 compared to $31,440 for females. The per capita income for the town was $27,619. Approximately 4.1% of families and 5.8% of the population fell below the poverty line, including 7.2% of those under age 18 and 5.4% of those aged 65 or over.

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