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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.
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.
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.
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
For consumers, credit card debt and other unsecured personal loans are the most common types of debt. There are a few legal options for handling credit card debt, including the following: Litigation, bankruptcy, and/or negotiated settlements are the three options.
Many of The Law Office of Ronald D. Weiss, P.C.’s clients face the possibility of litigation or collection activities from their creditors because they are accused of having debt that they are unable to pay or because they contest the existence, amount, or obligation of the debt.
Landlord-Tenant Law is one of our firm’s areas of expertise; we defend landlords and tenants in a variety of legal proceedings before the Landlord-Tenant Court and the New York Supreme Court. When it comes to eviction and/or collecting large amounts of past due rent.
A. Pre-Contract When a seller (the “Seller”) sells real estate to a buyer (the “Buyer”), there are usually a number of important steps involved. A seller will first list their property on the market for sale. A real estate broker is frequently hired by the seller to help locate possible buyers for their property.
In this world nothing can be said to be certain, except death and taxes,” as Benjamin Franklin famously said. This phrase has recently been amended by popular opinion to include student loans. Since most jobs these days require a bachelor’s degree, the amount of debt that Americans owe on their student loans
Many people have trouble keeping up with their tax payments to the New York State Department of Taxation and Finance (“NYS”), which includes sales taxes, income taxes, payroll taxes, and other state taxes, as well as the U.S. Internal Revenue Service (the “IRS”), which includes individual income taxes.
Greenwood Heights is a neighborhood in Brooklyn, partly named after the nearby Green-Wood Cemetery by real estate developers. It’s situated within Brooklyn Community District 7, alongside Windsor Terrace, Sunset Park, and South Slope. The debated borders roughly stretch from the Prospect Expressway to the north, Gowanus Canal and Upper New York Bay to the west, Eighth Avenue to the east, and 39th Street to the south, which marks the boundary with the Green-Wood Cemetery and the northern boundary of the 36th-38th Street Yard and South Brooklyn Railway.
South Brooklyn played a significant role in the Battle of Brooklyn (Battle of Long Island) in August 1776, a pivotal engagement in the American Revolutionary War, with some of its famous residents buried in Green-Wood Cemetery. From the 19th to the mid-20th centuries, the economy was largely shaped by the bustling Brooklyn waterfront. During the mid-20th century, the area that now encompasses Greenwood Heights was known as Bush Terminal. This designation covered what is now the Industry City complex, situated west of Third Avenue and the Gowanus Expressway. Following its classification as a “poverty area” in 1966, the region from 36th Street to the Prospect Expressway became part of Sunset Park. By the late 1980s, the area began to be referred to as Greenwood Heights. As the process of gentrification gained momentum in South Brooklyn during the 2000s, the neighborhood increasingly adopted the name Greenwood Heights, or alternatively, South Slope.
Greenwood Heights boasts a diverse architectural landscape, featuring a blend of wood-frame, vinyl-sided, and brick residences. This eclectic mix contributes to the neighborhood’s unique ambiance, distinguishing it from its neighboring areas such as Park Slope to the north and Sunset Park to the south.
It has an elementary school, PS 172. Al-Noor School, a private school that teaches Arabic and Islamic culture, opened in 1995 on 4th Avenue between 20th and 21st streets.
The area is served by the 36th Street, 25th Street, and Prospect Avenue stations on the New York City Subway’s BMT Fourth Avenue Line, which serves the D, N, R, and W trains. The B37 and B63 buses also serve the neighborhood.
