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
10 things debt-settlement companies won’t tell you
https://thehill.com/opinion/education/566932-unlike-free-college-discharging-student-loans-in-bankruptcy-is-a-great-idea
THE HIDDEN RISKS OF DEBT SETTLEMENT PLANS
As the government support received during the pandemic begins to diminish, and lender/creditors resume their regular collection activity, many consumers may consider enrolling in a debt settlement plan. Unfortunately, the sales hype about these plans rarely match the intended results. Part of the problem is that some debt settlement companies fail to disclose their fees […]
MANAGING YOUR FINANCES DURING AND AFTER THE HOLIDAYS
The economy has improved greatly in the last year after Covid upended our normal way of life. Growing consumer confidence and higher wages are fueling the surge. Unfortunately, supply chain issues are reducing inventory, which means that goods will be more expensive than they have been in the past. As a result, holiday shopping will […]
IF A CREDITOR HAS A JUDGMENT AGAINST ME, CAN THEY TAKE MY SOURCES OF INCOME?
As courts have resumed their normal operations, many debt collection lawsuits that were pending prior to Covid, or filed after Covid, have now gone to judgment. One of the methods for a judgment creditor to collect the money owed on the judgment is to garnish sources of income. However, there are many sources of income […]
Minimizing or Eliminating “Collateral Damage” From a Bankruptcy Filing
While your financial circumstances may make a bankruptcy filing inevitable, there are still issues to consider beyond the relief that the bankruptcy court can provide. While the main focus of a bankruptcy consultation with Leiden and Leiden is to assess your financial problems and discuss the available bankruptcy options, another goal is to address any […]
Unlike free college, discharging student loans in bankruptcy is a great idea
https://thehill.com/opinion/education/566932-unlike-free-college-discharging-student-loans-in-bankruptcy-is-a-great-idea