Emerging Debt Recovery And Collection Trends For The 4th Quarter Of 2023
As we enter the fourth quarter of 2023, the attorneys at Leiden & Leiden recognize certain trends in the areas of debt recovery/collection that will have a profound effect on consumers at the same time that our economy is worsening. These observations are based on cases in which we are actively representing bankruptcy clients, as […]
WHY WOULD YOU DECLINE TO TAKE MY BANKRUPTCY CASE?
This is a frequently asked question for any bankruptcy attorney and is dependent upon the unique facts and circumstances of each case. In some instances, the probable success of a bankruptcy case can be determined at the initial consultation and the prospective client will be advised appropriately. However, because of time limitations for the initial […]
HOW TO PROTECT YOU AND YOUR SMALL BUSINESS FROM BANKRUPTCY
Covid caused irreparable harm to small businesses, with many not surviving even with government assistance and intervention. The small businesses that did survive benefited from the loss of competition but now face rising supply costs and labor shortages. What can you do to protect your business from bankruptcy? Follow these simple suggestions: Obtain the services […]
DEBT “NEGOTIATION” COMPANIES – NEW NAME BUT SAME CONCEPT AS DEBT “SETTLEMENT” COMPANIES
We have previously published our own articles and referenced others on this website regarding the hazards of dealing with debt settlement companies. THE HIDDEN RISKS OF DEBT SETTLEMENT PLANS The debt settlement industry has taken a hit as federal and state government regulators have pursued civil enforcement actions and levied fines against some of the […]
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 […]
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 […]