Matt Leichter, Author at Bankruptcy Attorney in Brooklyn, New York

Don’t Let Stories About the ‘Lock-In Effect’ Keep You in Your Underwater House

Many people who were badly hit by the housing bust might have avoided talking to a bankruptcy lawyer because they heard about the so-called “lock-in effect.” The “lock-in effect” hypothesizes that underwater homeowners will refuse to move to new locations where work is available because they don’t want to sell their homes at a loss, …

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7 Things to Know About the New Student Loan Interest Rate Law

Debt, Legislation / By Matt Leichter

Although things looked bleak for federal student loan borrowers a month ago, Congress has legislated away the doubling of the subsidized Stafford loan interest rate that went into effect on July 1st of this year. The rise from 3.4 percent to 6.8 percent for undergraduates would have increased interest paid on a 10-year repayment plan …

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Helping Clients With Real Problems Get Real Solutions

Bankruptcy / By Matt Leichter

Partner and New York bankruptcy attorney Bruce Weiner was interviewed recently on laws.com regarding his work with people facing bankruptcy and why he pursued this particular area of practice. “When the law firm he was working at began to take bankruptcy cases, Bruce Weiner started putting his knowledge of the bankruptcy code to work. Soon, …

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Bruce Weiner To Teach CLE Course On Bankruptcy

Bankruptcy, Chapter 7 Bankruptcy, Means Test, Speaking engagements / By Matt Leichter

Partner and bankruptcy lawyer Brooklyn Bruce Weiner will participate in a CLE (continuing legal education) teaching panel on Basic Bankruptcy for attorneys on Jan. 29th 2013 at the New York County Lawyers Association, 14 Vesey Street, NY, NY 10007. The course is co-sponsored by Lawline who will be offering a webcast of the event. The …

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Are Balance Liquidation Programs Worthwhile?

Bankruptcy / By Matt Leichter

People often rely on credit cards to pay their bills when their incomes stagnate or drop. To prevent debtors from defaulting or filing bankruptcy, banks have come up with “balance liquidation plans (BLPs),” which are specialized repayment plans for debtors who are no longer able to make the monthly payments. They require the debtor to …

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The CFPB Student Loan Ombudsman’s Report Describes Private Student Loan Servicers’ Worst Practices

Bankruptcy / By Matt Leichter

Although most recent news about student loans has revolved around the changes to the Income-Based Repayment plan and the process for obtaining a hardship discharge for federal student loans, one item that may not have gotten as much press as it deserved was the Consume Financial Protection Bureau’s (CFPB’s) ombudsman’s report on private student loan …

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Strategies for Preventing Repossession of Your Vehicle

Bankruptcy / By Matt Leichter

Repossession agents (“Repo Men”) have unusually dangerous jobs. In fact the Repo Times (yes, there is an online publication dedicated to repossession news) has an entire “News” section that reports on the various incidents involving people attacking repossession agents. So, it’s important to remember that these are just people doing their jobs. They may be …

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Don’t Do What the Los Angeles Condo Owner Did

Bankruptcy / By Matt Leichter

A few weeks ago in early December, the LA Times ran a story about a man’s strange experience with his condo. Although New Yorkers are more likely to live in coops, condo ownership is on the rise, especially in north Brooklyn, so the story is more relevant now than it was in the past. Apparently, …

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How to Ensure Super-Storm Sandy Doesn’t Throw You Into Bankruptcy

Bankruptcy / By Matt Leichter

Just last week Governor Cuomo went to the national capital asking for $42 billion from the federal government: $32.8 billion to clean up the damage caused by tropical storm Sandy and the remaining $9 billion to help the state prepare for the next disaster. The Huffington Post itemizes the governor’s proposal, and if you do …

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Fannie and Freddie Foreclosure Eviction Moratorium Begins This Week

Bankruptcy / By Matt Leichter

It didn’t appear very widely in the news, but it appears that the two government-sponsored agencies (GSEs) responsible for mortgages, Fannie Mae and Freddie Mac, have suspended their eviction procedures for people living in foreclosed homes through the New Year. You can read about it here on The Huffington Post. Here are a few things …

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(718) 855-6840

The office is open as per the NYS Covid-19 guidelines. We are now doing both in-person and telephone consultations. Please call the office at 718-855-6840 to schedule a time to speak with one of our experienced bankruptcy attorneys.

Matt Leichter

Don’t Let Stories About the ‘Lock-In Effect’ Keep You in Your Underwater House

7 Things to Know About the New Student Loan Interest Rate Law

Helping Clients With Real Problems Get Real Solutions

Bruce Weiner To Teach CLE Course On Bankruptcy

Are Balance Liquidation Programs Worthwhile?

The CFPB Student Loan Ombudsman’s Report Describes Private Student Loan Servicers’ Worst Practices

Strategies for Preventing Repossession of Your Vehicle

Don’t Do What the Los Angeles Condo Owner Did

How to Ensure Super-Storm Sandy Doesn’t Throw You Into Bankruptcy

Fannie and Freddie Foreclosure Eviction Moratorium Begins This Week

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