Author Archive

October 11, 2008 Why Debt Settlement in New York doesn’t work

I’ve been rambling on about this for the previous few posts, but I just want to again illustrate the severe pitfalls of debt settlement in New York

The fee to “start” is usually 15% of your overall debt.  So, lets say you live in Brooklyn and you’re approximately $40,000 in credit card debt.  The initial payment [...]

October 6, 2008 What the Economy Means for New York City Bankruptcy clients

This will be the first in a three part series (Sounds very “Dateline”-ish) detailing exactly how this economic crisis will affect Bankruptcy, Debt Settlement, and Real Estate in New York (just in my opinion).
The one issue which was before the Congress in the $700 Billion relief package was a provision allowing judges to basically change [...]

September 29, 2008 A 700 Billion Dollar Bailout and what it means to Real Estate Purchasers in New York

By: Daniel Gershburg, Esq.
So you’re looking to buy your first property in New York during the most uncertain financial period since the Great Depression…what can you expect?
Despite what your recent watercooler conversation would have you believe, banks are still giving out mortgages…for now. The difference is that it will likely become tremendously more [...]