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 […]
PREPARING AN ACCURATE BANKRUPTCY PETITION WHY YOUR CREDIT REPORT MAY NOT DISCLOSE ALL OF YOUR DEBTS
For consumers filing bankruptcy, it is especially important to disclose all of your creditors to the bankruptcy court. This disclosure is part of the bankruptcy petition which is filed with the bankruptcy court, and assists the Clerk of Bankruptcy Court with sending case notifications to all of the creditors. Bankruptcy debtors are not allowed to […]
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
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
https://www.nerdwallet.com/article/finance/how-does-debt-settlement-work?trk_channel=web&trk_copy=Debt%20Settlement%3A%20How%20It%20Works%20and%20Risks%20You%20Face&trk_element=hyperlink&trk_elementPosition=2&trk_location=PostList&trk_subLocation=next-steps
When Bankruptcy Is the Best Option
https://www.nerdwallet.com/article/finance/bankruptcy-best-option