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Credit Card Debt Consolidation Help  in New York
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
New York  Debt Relief
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to New York consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.
Pertinent New York  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for New York consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in New York.)

Debt Collection

New York (NY) follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection.

-Original creditor or creditor collecting own debt must comply with all the provisions of the FDCPA, except those provisions dealing with required disclosures. (For example, the original creditor does not have to verify the debt's validity).

New York City (NYC)

-Original creditor and debt collector cannot contact a third party more than once when trying to locate a debtor

Maximum Interest Rate a Collection Agency Can Charge in New York: 6%

New York Wage Protection: 90%; 100% of pay of noncommissioned officer, private, musician in U.S. or NY state armed forces

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in California but currently live in New York, the applicable statutes of limitations would be California's.)

Oral Agreements: 6 years
Written Contracts: 6 years
Promissory Notes: 6 years
Open Accounts (credit cards): 6 years

U.S. Bankruptcy Court
One Bowling Green, 6th Fl.
New York, NY 10004-1408

250 U.S. Courthouse
300 Perl St., Ste. 250
Buffalo, NY 14202

U.S. Bankruptcy Court
75 Clinton St.
Brooklyn, NY 11201

U.S. Bankruptcy Court
Long Island Federal Courthouse
290 Federal Plaza
Central Islip, NY

234 U.S. Courthouse
100 State St.
Rochester, NY 14614

James T. Foley Courthouse
445 Broadway Street
Albany, NY 12201

Alexender Pernie Courthouse
10 Broad St.
Utica, NY, 13501

U.S. Bankruptcy Court
176 Church St.
Poughkeepsie, NY 12601

U.S. Bankruptcy Court
300 Quarropas St.
White Plains, NY 10601

United States Bankruptcy Court
100 South Salina Street
Suite 310
Syracuse, NY 13202

Bankruptcy Exemptions

Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of New York. For more information, follow this link: bankruptcy exemptions.

Real Estate, Auto, Personal Property

-Real property, including co-op, condo or mobile home to $10,000
-Motor vehicle to $2400
-Cash to $2500 (including savings bonds, tax refunds, bank and credit union deposits), or $5000 after exemptions for personal property, whichever is less
-Bible, schoolbooks, other books to $50; pictures; clothing; church pew; sewing machine, furniture, refrigerator, TV, radio, cooking utensils and tableware, dishes, food to last 60 days to $450, wedding ring, watch to $35 (exemptions not to exceed $5000 total)
-Burial plot without structure to acre
-College tuition savings program trust fund
-Health aids, including service animals with food
-Lost future earnings recoveries
-Personal injury recoveries up to 1 year after receiving them
-Recovery for injury to exempt property up to 1 year after receiving
-Savings and loan savings to $600
-Security deposit to landlord, utility company
-Spendthrift trust fund principal, 90% of income if not created by filer
-Wrongful death recoveries for person you depend on


-Annuity contract benefits due the filer, if filer paid for the contract; $5000 limit if purchased within 6 months prior to filing and not tax-deferred
-Disability or illness benefits to $400/month
-Life insurance proceeds and avails if beneficiary is not the filer, or if filer's spouse has taken out policy
-Life insurance proceeds left at death with the insurance company, if clause prohibits proceeds from being used to pay beneficiary's creditors

Public Benefits

-Aid to blind, aged, disabled
-Crime victims' compensation
-Home relief, local public assistance
-Public assistance
-Social Security
-Veterans' benefits
-Unemployment compensation
-Workers' compensation
Tools of Trade

-Farm machinery, team, and food for 60 days, professional furniture, books, and instruments to $600 total
-Uniforms, medal, emblem, equipment, horse, arms, and sword of member of military


-Alimony, child support

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