When Bankruptcy Is the Best Option
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...
Read moreMANAGING 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...
Read moreIF 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...
Read moreMinimizing 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...
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 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 moreCovid-19 Update, October, 2020 – Why Aren’t More People Filing for Bankruptcy?
A previous article on our website addressed the expected September surge in bankruptcy filings as the various financial protections that were extended to consumers during the Covid – 19 pandemic began to expire. However, that has not yet...
Read moreCovid Update – Why Consumer Bankruptcy Filings Have Decreased Since March 2020
Decrease in Bankruptcy Filings In the five months since “Covid” and the “Coronavirus” have become household words, the American economy experienced more turbulence than at any time since the Great Recession. Business bankruptcies for small...
Read moreSigns that Your Small Business Might Be Headed for Bankruptcy
Small business owners are traditionally more reluctant than most to consider bankruptcy. Understandably, their business is not just a source of income, but usually represents a considerable investment in personal time, money and resources.[1] As...
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