Adler Michael

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Adler Michael
Adler Michael is listed in the Attorneys category in Staten Island, New York. Displayed below is the only current social network for Adler Michael which at this time includes a Facebook page. The activity and popularity of Adler Michael on this social network gives it a ZapScore of 59.

Contact information for Adler Michael is:
4060 Amboy Rd
Staten Island, NY 10308
(718) 356-6300
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Most financial experts agree that bankruptcy is the worst negative mark you can have on your credit report. An individual bankruptcy will remain on your credit report for at least seven years and as long as 10 years. While an average credit score, on a scale of 300 to 800, is about 660, a bankruptcy can lower a credit score into the low 500s.

Did you know that in the 17th and 18th centuries, debtors were held in bondage to their creditors In fact, a “bankrupt” was considered ever bonded to his creditors, or at least until his debts were paid off.

It’s important to understand that not all of your debts are discharged when you file for bankruptcy. Rather, the process of bankruptcy works to redesign your debt, so that it is easier for you to pay it off in the future.

If there is a divorce with divided debt, assets, and property, it does not prevent filing for bankruptcy. A qualified attorney can advise you on how your situation is addressed in bankruptcy filings, the information you need to provide, and what you can expect.

There is some kind of law governing bankruptcy dating all the way back to ancient Babylon. In fact, many ancient nations had such mandates. In England, the first documentation governing bankruptcy was drawn up in 1542. It was called the Statute of Bankrupts and sought to stop debtors who were perceived as being crooks and criminals.