YEAR END BANKRUPTCY OBSERVATIONS FOR 2024
As 2024 draws to a close, we at Leiden and Leiden are taking the time to reflect on how the financial landscape changed over the last year. While the economy seems to have recovered from the long-term effects of the Covid crisis, global conflict, trade wars and inflation stepped in to create new sources of […]
IT’S TIME TO INCREASE THE GEORGIA HOMESTEAD EXEMPTION FOR BANKRUPTCY
When an individual files a bankruptcy case, they are allowed to claim exemptions to protect their property. Some states allow bankruptcy debtors to use the federal exemptions, while other states, like Georgia, have their own specific bankruptcy exemptions. Keep in mind that these exemptions are different from exemptions that Georgia citizens may use to reduce […]
SIMPLE WAYS TO AVOID MAKING UNWISE FINANCIAL DECISIONS
It is very easy to look back on an important financial decision that you made and wished that you had never made it. Sometimes these financial decisions lead down the path to bankruptcy. While there may be some circumstances in which the decision is unavoidable, there are also certain steps that you can take to […]
Augusta Bankruptcy Court issues a reminder about lack of jurisdiction over credit reporting inquiries.
https://www.gasb.uscourts.gov/news/public-notice-regarding-credit-ratings-and-credit-reporting
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 […]
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 […]
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 […]