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

Bank foreclosure mess: Why it’s not just a paperwork filing error

Leave a Comment / Foreclosure / By Matt Leichter

The Wall Street Journal editorial page, defenders of capitalism and rule of law, along with the mortgage industry’s spinmeisters would have you believe that this bank foreclosure fiasco and the robo-signing controversy is just a matter of some paperwork filing errors. What they underestimate (or intentionally misrepresent, depending on who you think they’re working for) …

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More New York bankruptcy to come? New Yorkers’ income falls for the first time in 70 years

Leave a Comment / Bankruptcy, Chapter 7 Bankruptcy / By Matt Leichter

More New York bankruptcy on the way? A New York State Comptroller’s report indicates that the income of New Yorkers has fallen by 3.1 percent, the first decline in 70 years for New York residents. The primary cause of the decline is the drop in Wall Street earnings (remember the financial crisis?) and resulting layoffs …

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New York foreclosures affect student performance too

Leave a Comment / Foreclosure / By Matt Leichter

A revealing study titled Kids and Foreclosures: New York City was released yesterday by New York University’s Institute for Education and Social Policy and NYU’s Furman Center for Real Estate and Urban Policy. The study demonstrates that students living in homes subject to foreclosure suffered lower reading and math scores. The study also notes that …

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Big banks delay home foreclosures in New York: What does this mean for New York homeowners?

Leave a Comment / Foreclosure / By Matt Leichter

In case you haven’t seen the news, several major banks–Bank of America, JP Morgan and GMAC–have declared a moratorium on foreclosures in 23 states, including New York. Why? Because they’ve been so sloppy in processing foreclosures that they face a wave of class action lawsuits and actions by state attorney generals. Specifically, a Bank of …

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Bankruptcy Signs of the Times for New Yorkers 9.29.10

Leave a Comment / Bankruptcy, Debt / By Matt Leichter

Are things getting better or worse? Is it more likely that you’ll need to file for bankruptcy in the future, or less likely? It’s hard to know the answer to these questions. But below are some articles that may serve as indicators of which way the wind is blowing. 1. “The ugly reality of lowering …

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Bankruptcy stigma: Perspectives of older and younger generations

Leave a Comment / Bankruptcy / By Matt Leichter

There’s a thoughtful article by Gene Turnwald (a Lansing, MI attorney) about how Americans 65 and older view bankruptcy differently than the younger generation of 30 and 40-somethings. He notes how the younger generation views bankruptcy as a calculated business transaction. Those 65 and older, on the other hand, tend to take it more personally …

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What are the consequences if I default on my student loan?

Leave a Comment / Loan modification / By Matt Leichter

You may have recently heard that student loan debt now exceeds credit card debt. And that there’s a proposal in Congress that would make student loan debt dischargeable in bankruptcy just like any other debts. (This is not the first time such a proposal has been bandied about. Read my post from a year ago …

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Insights into debt collectors

Leave a Comment / Creditors, Debt, Scams / By Matt Leichter

Are debt collectors as bad as you think they are? Martha C. White of WalletPop.com has a great article about a Wall Street Journal reporter who spent time working for a debt collection agency to see what really goes on. And Fred Williams learned that, yes, it’s pretty much that bad. He’s documented his experiences …

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5 Reasons Not to Refinance Your Mortgage in New York

Leave a Comment / Foreclosure, Mortgage / By Matt Leichter

There was a good article in the New York Times recently that explains why, for a number of situations, it often makes sense NOT to refinance your home. This despite all of the junk mail you may receive encouraging you “REFINANCE NOW!” because “RATES ARE AT RECORD LOWS!” Here’s a summary of the main points: …

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Preference Actions: Know when to fold’em

Leave a Comment / Bankruptcy, Preference Payments / By Matt Leichter

In my previous post on preference actions, I wrote about how I was able to help a previous client head off a preference action before it even began thanks to sound analysis of the situation, thorough preparation and effective presentation to opposing counsel. That said, there are also situations where baring your teeth may not …

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Matt Leichter

Bank foreclosure mess: Why it’s not just a paperwork filing error

More New York bankruptcy to come? New Yorkers’ income falls for the first time in 70 years

New York foreclosures affect student performance too

Big banks delay home foreclosures in New York: What does this mean for New York homeowners?

Bankruptcy Signs of the Times for New Yorkers 9.29.10

Bankruptcy stigma: Perspectives of older and younger generations

What are the consequences if I default on my student loan?

Insights into debt collectors

5 Reasons Not to Refinance Your Mortgage in New York

Preference Actions: Know when to fold’em

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