Blog

BANKRUPTCY FILINGS ON THE DECLINE DESPITE UNCERTAIN ECONOMIC TIMES

Despite the frustrating economic times, a lot of people are confused about the fact that Bankruptcy filings seemed to have declined. There are a myriad of factors on why this is happening, but the phenomenon is important for a whole host of industries which depend on the strength of the economy.  Jobs ranging from car

Read More »

COVID UPDATE – STUDENT LOANS

Hi Folks,   So there has been a lot of activity over the past few days in Washington DC attempting to bring relief for the American people. On the issue of student loans, according to Forbes, the President signed an executive order suspending student loan payments through the end of the year (December 31, 2020),

Read More »

COVID UPDATE – MORATORIUM ON COLLECTIONS

So we’ve been having some people reach out to us about the confusion related to the temporary Covid-19 moratorium on collections. While it is true that many creditors are offering a welcomed short-term forbearance on regular payments, each program is a little different. Some offer 0% interest, while others just suspend payments for a short

Read More »

STATUTE OF LIMITATIONS ON OLD DEBTS

Lately, we have had a lot of clients who have received wage garnishments for very old debts.  Many of them thought that their debts had passed the statute of limitations and were shocked to see their paycheck be hit by a garnishment. Statute of Limitations can be a bit confusing.  First there are multiple statutes

Read More »

WHAT ARE THE PROS AND CONS OF SETTLING WITH A CREDITOR? PART II

In my last blog post I talked about debt settlement, and laid out the benefits and some of the pitfalls associated with exploring that option.  In this post, let’s talk about the practical side of things. In my opinion, unless you really have no ability to speak assertively over the phone, you really should not

Read More »

WHAT ARE THE PROS AND CONS OF SETTLING WITH A CREDITOR? PART I

As a Bankruptcy attorney, sometimes we see everything through our limited lenses, and of course, when it comes to debt, since our tool is a hammer, every problem resembles a nail. But the truth is that you always have non-bankruptcy options to settle debt, but most people are often intimidated about trying them. First, you

Read More »
Scroll to Top