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 more
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...Read more
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...Read more
Unlike free college, discharging student loans in bankruptcy is a great idea
MY MORTGAGE MORATORIUM IS ENDING. WHAT NOW?
As mortgage moratoriums begin to expire, many homeowners find themselves with a sudden and unexpected crisis. Once the loan moratorium ends, all the payments that were suspended during the moratorium are now due and payable. Some homeowners may...Read more
Five 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 more
What 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 more
IT’S TIME TO REVISIT THE DISCHARGE OF STUDENT LOAN DEBT IN BANKRUPTCY
As President Biden begun his presidency, one of the primary issues that he promised to address is the staggering amount of student loan debt, and what relief can be provided to the borrowers. Student loan debt is at an all-time high compared to...Read more
The Covid-19 Pandemic and its effect on Leiden & Leiden
As the anniversary of the Covid pandemic’s arrival in the United States approaches, our firm and its staff met to discuss the effects that it has had on our practice. Specifically, we discussed how office business was conducted, and the changes...Read more
ASSETS 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 more
CONSIDERING 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 more
THE PERSONAL COSTS OF COVID-19
Covid-19 and its effects on our national, regional and local economies are both well – documented and ongoing. Businesses both large and small have suffered financial distress due to limitations on how their operations were conducted, and...Read more