Ugell Law Firm, P.C.

08/31/2023

Foreclosure is not a given.

Know your rights.

06/23/2023

The New York foreclosure process is a complex one that involves mandatory notices to the property owner and court proceedings.

The sooner one acts, the better.

04/26/2023

Fear of foreclosure is in the back of every homeowners mind.

What if I miss a payment?

02/22/2023

Here are two ways declaring bankruptcy can stop foreclosure in its tracks.

What homeowners need to know.

12/23/2022

An underwater mortgage is a frightening experience, but it doesn’t necessarily put homeownership at risk.

Large investments require a long-term perspective.

12/15/2022

Build the best defense strategy possible.

Fight to get life back on track.

11/28/2022

Consider which bankruptcy options can help with unmanageable debt.

Prevent the loss of a home.

11/17/2022

Understand the options available during a foreclosure case.

Defend against an upcoming foreclosure.

05/30/2020

Thank you to the Rockland County Business Journal for publishing my latest article. It is very important to educate local businesses so that they are aware they have a path to restructure and get back to business. Together as a community, we will all persevere though this and hopefully come back stronger!

Chapter 5 was designed to provide a much shorter window of time to file a reorganization plan, in contrast to a traditional Chapter 11 filing.

05/18/2020

FEDERAL RESERVE CHAIRMAN TELLS 60 MINUTES U.S. BE PREPARED FOR PAIN.

Tonight, as I watched 60 Minutes on CBS, I heard Federal Reserve Chairman, Jerome Powell talk about the current status and near term future of the US economy.

Chairman Powell was emphatic about the need to protect small and midsize business. He was further specific in his concern that small businesses, families and individual consumers stay solvent for at least the next six months or so, that could be the bridge as we allow the economy to recover and we return to more traditional economic activity.

Chairman Powell said without that formula the damage to the US economy could be long term.

He explained to Scott Pelley that one effort the central Bank took was to print money digitally, he said. Which has helped continue necessary liquidity. We all know from other reporting that the Federal Reserve has also been buying ETF’s and Corporate Bonds as an obvious methodology to avoid large scale business conductivity interruptions. This of course, is aside from what the congress and White House have been pumping into our economy. We can’t even begin to discuss the size of the US budget deficit, set to soon become over 70% of its entire Gross Domestic Product- GDP.

If you have been wondering why the stock market has returned much of its’ recent losses? That is largely due to institutional investor’s knowledge that the Federal Reserve will bail out Wall Street, essentially no matter what happens. That philosophy reminds us of the last popular refrain from the crash of 2009’s “Too big to fail”

Powell has a positive outlook for the second half of the year assuming no second wave of the virus, expect productivity and activity increasing steadily over the second half of this year. Parts of the economy that have people in large numbers such as entertainment, public sporting events and the like will be the last parts of the economy to recover.

Powell further predicted the economic activity in the second quarter of the US economy which ends June 30, 2020, to shrink at an annual rate of 30% with 20-25 % range of unemployment- essentially depression era levels.

As to Chairman Powell’s most important point was the need to keep families, consumers and small businesses solvent. Helping Families consumers and small businesses remain solvent is what I have been doing as a consumer, Bankruptcy and Foreclosure defense attorney for 34 years. Let’s talk about how we can follow Chairman Powell’s advice, and keep you, your family and small business solvent and ready for eventual recovery. [email protected] 845-639-7011