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 […]
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 […]
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 […]
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 […]