BANKRUPTCY FILINGS SHOW FIRST QUARTER INCREASE FOR THE FIRST TIME IN 3 YEARS

The logic behind the numbers FORECLOSURES – Foreclosure referrals in January 2023 were at their highest level since pre—Covid.  Those foreclosure numbers have continued to increase for a number of reasons. Pandemic era safeguards expired and homeowners have exhausted the opportunities for loan modifications that were available during that time.  In the CSRA, the local […]

THE IMPORTANCE OF HAVING ADEQUATE AUTOMOBILE INSURANCE

What does automobile insurance have to do with bankruptcy? Not having adequate automobile insurance or being unfamiliar with your existing insurance can create significant financial problems. These financial problems can in turn lead to a bankruptcy filing. The first reason is basic, but still needs to be addressed. At a minimum, you must have liability […]

COMMON BANKRUPTCY MYTHS REVISITED

Consumers who are in financial distress and considering bankruptcy frequently delay seeking assistance because of myths about bankruptcy, and fears about the ability to obtain credit in the future. Some of the myths are shared by friends, family or coworkers while other myths are perpetuated by creditors and collection agencies seeking to collect their money. […]

COMMON MISTAKES THAT PRO SE DEBTORS MAKE IN CHAPTER 7 CASES

The attorneys at Leiden & Leiden have noticed an increase in “pro se” bankruptcy filers in the Augusta Division of the Southern District of Georgia over the last year. Filing a case “pro se” means that the debtor is doing it without the assistance of an attorney. [AVOID BANKRUPTCY INTERNET SERVICES] The Bankruptcy Code does […]

COMMON MISTAKES THAT PRO SE DEBTORS MAKE IN CHAPTER 13 CASES

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The attorneys at Leiden & Leiden have noticed an increase in “pro se” bankruptcy filers in the Augusta Division of the Southern District of Georgia over the last year. Filing a case “pro se” means that the debtor is doing it without the assistance of an attorney. The Bankruptcy Code does not require that a […]

OVERLOOKED CAUSES OF FINANCIAL DISTRESS

Our website at Leiden & Leiden has previously described the most common causes of financial distress which may lead to bankruptcy. Among those causes are divorce/separation, unemployment/underemployment, health issues and mismanagement. However, there are other, less common causes of financial distress that we have noticed in our consultations with CSRA residents which can trigger a […]

DÉJÀ VU ALL OVER AGAIN

In 2008, this country entered into what has been called the “Great Recession”. Many mistakes were made by some of the largest institutional lenders in the country, and the consequences of those mistakes spread throughout our economy. While some safeguards were created to protect against future catastrophic collapses, we have started to approach another potential […]

ROMANCE SCAMS – A STEADILY RISING CAUSE OF BANKRUPTCY

Victims of scam artists frequently find themselves in financial distress. Our office has represented dozens of innocent scam victims who liquidated assets, and then after their assets were expended, began borrowing money in the futile hope that the con artist’s promises would be realized. These scams have included international lottery scams, threats of outstanding criminal […]

Debt Settlement: How It Works and Risks You Face

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