Archive for the ‘Gersh Blog’ Category

July 11, 2008 Tricked into Bankruptcy

By: Daniel Gershburg
Its a telling sign of the times when a client comes in and needs to file for Bankruptcy in New York because the mortgage he thought he signed was not what it seemed.  I know what some of you out there are thinking: “They should have taken some time to read the mortgage [...]

July 8, 2008 Improving your credit after Bankruptcy

Want to know the easiest way to re-establish credit after filing for Bankruptcy.  Auto Bill Pay.  Yes….yes…autobillpay.  Approximately 35% of your credit score is determined by your credit history(which means making payment after payment on time.)  The easiest way to ensure that is to make sure that your bills are paid automatically.  No late fees, [...]

July 7, 2008 New York City Bankruptcy vs. Social Security

By: Daniel Gershburg
Alas the question which is asked by New York City bankruptcy clients in my office is the following:  “Ok, so lets say I have some social security money in my bank account, and that brings that amount above $4,000…won’t the mean Bankruptcy trustee take all my money away.”  First…the trustee is not mean [...]

June 30, 2008 New York City Debt Settlement Rip-Offs

By: Daniel Gershburg
New York City is burgeoning with people who have become “debt settlement counselors” almost overnight.  It does not take much to become a debt settlement counselor in New York (not discussing the relevant legal issues involved).  Put up a sign saying something to the effect of “Say No to Debt” or “Debt Be [...]

June 19, 2008 Settling Debts for Pennies on the Dollar

By: Daniel Gershburg
I have to admit that I have a bit of fun with debt collection agencies.  More specifically, I find it somewhat amusing to give back to those who cause ohhh so much stress for my clients.  Recently, I had a client with a great credit score who had a large amount of debt [...]

June 5, 2008 Student Bankruptcy in College

By:  Daniel Gershburg
While I have written about this topic before, I nevertheless wanted to write a post to make clear two certain points.  
The first point is that, with very very very limited exceptions, student loan debt is NOT dischargeable.  I have been receiving numerous emails from students wanting to know if they can discharge [...]

June 3, 2008 New York City Collections, Judgments & Interest…OH MY!

By: Daniel Gershburg, Esq.
New Client in the Brooklyn office. Great guy.  Savy businessman.  Had some credit problems in the past and had a judgment entered in the amount of $70,000 with an income execution. In english that means a New York City Marshall taps into this individual’s account on a monthly basis and takes a [...]

May 30, 2008 New York City Bankruptcy advice and solutions

By:  Daniel Gershburg, Esq.
A recent New York Bankruptcy client of mine had the following situation.  He owned a car, outright, which was worth approximately $15,000.00 at the time of him wanting to file for Bankruptcy.  He was told by many of his peers that, for whatever reason, the car could be exempted.  It could not. [...]

May 28, 2008 New York City credit card fees are insane

By: Daniel Gershburg, Esq.
Very interesting article about the various ways in which credit card companies nickel and dime the average consumer.
http://money.cnn.com/2008/05/23/pf/credit_debt/index.htm?postversion=2008052713
Daniel Gershburg Esq., is a Bankruptcy & Real Estate attorney serving a diverse clients in Brooklyn, Queens, Manhattan, Staten Island, Long Island and Westchester. Mr. Gershburg has given lectures and presentations to both attorneys and [...]

May 20, 2008 New York City Attorney discusses why using Home Equity to pay off Credit Card is insane….

By: Daniel Gershburg, Esq.
Another client with credit problems came in to my New York office today with the scenario heard all too often by this Bankruptcy attorney: Tons of credit card debt. Can’t make the payments. Collectors calling and hounding her at home and at work. The solution? Take [...]