http://www.danielgershburg.com Legal Services - Personalized Attention - A Commitment to Excellence Tue, 11 Nov 2008 21:49:38 +0000 http://backend.userland.com/rss092 en The common conversation I have these days in my Brooklyn law office goes like this " Hi, the New York Civil Court entered a judgment against me and now some collection agency is threatening to garnish my wages and freeze my bank account in Brooklyn....also I was never served with ... http://www.danielgershburg.com/blog/new-york-credit-card-judgments/ Today I had a client in my office in Brooklyn who wanted to possibly retain me for debt settlement.  I mentioned the "B" word (Bankruptcy) and the man almost lost consciousness.  After reviving him, I had a calm conversation with him about the benefits of Bankruptcy in New York as ... http://www.danielgershburg.com/blog/bankruptcy-vs-debt-settlement/ Just wanted to provide a link to a great article written in the Wall Street Journal about the failure,and the fees, involved with debt settlement companies. http://online.wsj.com/article/SB122394458494631223.html#articleTabs%3Darticle Daniel Gershburg Esq., is a Bankruptcy & Real Estate attorney serving  clients in Brooklyn, Queens, Manhattan, Staten Island, Long Island and Westchester.  Mr. Gershburg has ... http://www.danielgershburg.com/blog/ko2008092417-firefox303accept-texthtmlapplicationxhtml-xmlapplicationxmlq09q08accept-language-en-usenq05accept-encoding-gzipdeflateaccept-charset-iso-8859-1utf-8qwp-cookie-check-wordpress_logged_in_/ 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 ... http://www.danielgershburg.com/blog/why-debt-settlement-in-new-york-doesnt-work-2/ 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 ... http://www.danielgershburg.com/blog/what-the-new-york-city-economy-means-for-bankruptcy-clients/ 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 ... http://www.danielgershburg.com/blog/aps-the-most-uncertain-financial-period-since-the-great-depressionwhat-can-you-expectdespite-what-your-local-watercooler-conversation-might-have-you-believe-banks-are-still-giving-out-mortgag/ By: Daniel Gershburg, Esq. This past weekend I was interviewed by News 12 New York about a Brooklyn debt settlement company who was charging some strange fees to its clients.  What were the fees?  Well lets say someone comes in with about $30,000 in credit card debt.  And lets say this ... http://www.danielgershburg.com/blog/an-example-of-new-york-debt-settlement-company-charging-absurd-fees/ So you know how I've been raving and ranting about Debt Settlement companies and how, in my humble opinion, they did absolutely nothing for you. Well, here come their cousins, the Credit Counseling services. Here's what a working individual in Brooklyn, a disabled individual in the Bronx, or a ... http://www.danielgershburg.com/new-york-city-real-estate/new-york-city-credit-counseling-rip-offs/ By: Daniel Gershburg, Esq. Want to know how many debt settlement companies or attorneys serve you with legal papers?  They dont.  Read it again.  They don't serve you with the legal documents required under New York law.  What they do is try to "technically" serve you.  Here is what I mean.  ... http://www.danielgershburg.com/bankruptcy/new-york-debt-collection-firms-sometimes-use-scam-service-of-process/ By: Daniel Gershburg, Esq. A short message.  Pardon the pun.  If you find that a debt collector has called you, at your home in, lets say Brooklyn, and left a message, that debt collector may have violated the FDCPA (Federal Debt Collection Practices Act) and they may be liable in court. ... http://www.danielgershburg.com/blog/new-york-city-debt-collectors-leaving-phone-messages-may-be-liable/