Unlike free college, discharging student loans in bankruptcy is a great idea
MY MORTGAGE MORATORIUM IS ENDING. WHAT NOW?
As mortgage moratoriums begin to expire, many homeowners find themselves with a sudden and unexpected crisis. Once the loan moratorium ends, all the payments that were suspended during the moratorium are now due and payable. Some homeowners may...
Read moreFive Easy Ways to Weather Financial Pitfalls
The most common misconception of an individual who files for bankruptcy is that they were reckless or irresponsible in the management of their credit. While there are many debtors who visit bankruptcy court because of overextension and...
Read moreWhat Can I Expect When my Mortgage Forbearance Ends?
In March of 2020, the World Health Organization declared that Covid – 19 had officially become an international pandemic. Life as we knew it, both personally and economically, changed. While the extent of the financial effects varied, almost all...
Read moreIT’S TIME TO REVISIT THE DISCHARGE OF STUDENT LOAN DEBT IN BANKRUPTCY
As President Biden begun his presidency, one of the primary issues that he promised to address is the staggering amount of student loan debt, and what relief can be provided to the borrowers. Student loan debt is at an all-time high compared to...
Read moreThe Covid-19 Pandemic and its effect on Leiden & Leiden
As the anniversary of the Covid pandemic’s arrival in the United States approaches, our firm and its staff met to discuss the effects that it has had on our practice. Specifically, we discussed how office business was conducted, and the changes...
Read moreASSETS THAT MANY PEOPLE DON’T REALIZE THAT YOU CAN PROTECT IN A BANKRUPTCY CASE
When a bankruptcy petition is filed, the debtor is required to identify and disclose all of their assets. This includes physical assets such as real estate, automobiles, and personal property. However, it also includes many intangible assets such...
Read moreCONSIDERING BANKRUPTCY AND RECEIVING AN INCOME TAX REFUND? SUGGESTIONS FOR POTENTIAL BANKRUPTCY FILERS
As the economic effects of the Covid-19 pandemic continue to ripple across our economy, more and more consumers will face the prospect of a bankruptcy filing. While the long-awaited vaccine gives hope for many consumers, it also means that many...
Read moreTHE PERSONAL COSTS OF COVID-19
Covid-19 and its effects on our national, regional and local economies are both well – documented and ongoing. Businesses both large and small have suffered financial distress due to limitations on how their operations were conducted, and...
Read moreThe HAVEN Act and its Implication in Bankruptcy
On August 23, 2019, president Trump signed the “Honoring American Veterans in Extreme Need” act of 2019. The passage of this act fixed a loophole in the 2005 Bankruptcy Code which shielded Social Security income and other income received under...
Read moreELDER ABUSE AND INTIMIDATION IS ON THE RISE, AND CAN LEAD TO BANKRUPTCY
Our firm has been meeting with more and more elderly or retired individuals who are experiencing financial difficulty due to the actions of family, friends, or hired caregivers. Many individuals who are retired, disabled, or on a source of fixed...
Read moreFINANCIAL TRENDS TO BE WORRIED ABOUT IN 2019
While the economy appears to be in good shape, our firm has noticed some disturbing financial trends that are similar in nature to those trends that led to the last recession. While mortgage lending is much more conservative than it was in the...
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