Blog Posts in 2016

  • New Year's Resolution: Get Out of Debt!

    || 22-Dec-2016

    Everyone makes New Year’s resolutions to themselves each year but not many people can actually boast that they accomplished them. This year should be the year that is different. If you are in debt, make finding debt relief your New Year’s resolution and stick to it! With the right preparation, knowledge, and mindset, you can make it happen. When you are pursuing debt relief, keep these ...
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  • Filing for Bankruptcy Due to Medical Debt

    || 20-Dec-2016

    One of the most common reasons people in New York City fall into financial straits is due to medical debt. Unexpected illnesses and injuries can cause individuals to accrue thousands of dollars’ worth of medical bills, especially if they are uninsured or underinsured. Fortunately, individuals are often able to seek relief from their medical debt through bankruptcy. How Are Medical Debts ...
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  • Useful Tips to Avoid Holiday Debts

    || 15-Dec-2016

    The holiday season represents a unique time of year where you are expected to spend more than you would on yourself and others than normal. In fact, many Americans actually plan to spend so much that they accrue debt that will take several months to pay off. This could arguably be giving too much. For your own benefit, it is probably best that you don’t rack up a holiday debt and keep in ...
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  • Can Taxes Be Discharged During Bankruptcy?

    || 29-Nov-2016

    One of the most common myths regarding bankruptcy is that a person may not have their tax debts discharged. This is false! While many outstanding tax debts will indeed still be owed at the end of a Chapter 7 bankruptcy or will need to be repaid in full in a Chapter 13 bankruptcy repayment plan, certain older income tax debts may sometimes be completely eliminated via bankruptcy in New York. ...
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  • Business Loan Debt Reduced by $105k with QuarterSpot

    || 29-Nov-2016

    If you’d like to settle your business loans, you’ll be interested in reading about a recent client that reduced his debt by over 75% . Although these amazing results are not typical, it demonstrates an example where a financially distressed business owner achieved substantial relief through the diligent assistance of our debt negotiations team. At the Law Office of Simon Goldenberg, ...
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  • Bankruptcy Due to Divorce

    || 29-Nov-2016

    There are a lot of reasons why people file for bankruptcy – a business venture falls through, unexpected illnesses rack up medical bills, employment opportunities are lost, etc. – but one of the most commonly cited reasons is divorce. Ending a marriage is in no way inexpensive, especially if two spouses cannot see to eye and keep returning to court or working with their attorneys. ...
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  • Resolving a Confession of Judgment in New York

    || 18-Nov-2016

    As of recently, our law firm has experienced an increase in the volume of requests for assistance with Confessions of Judgment entered in connection with defaulted business loans and merchant cash advance debts. A Confession of Judgment (“COJ”) is an affidavit in which a party admits liability and allows the lender to enter judgment upon the occurrence of a specific condition, such as ...
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  • Who Sets the Interest Rates for Student Loans?

    || 15-Nov-2016

    When you receive a private or federal student loan, you will be required to pay back the principal amount of your loan plus interest, or a certain percentage of the amount that you borrowed. Since interest rates will greatly impact the amount you will eventually have to pay, it is important you known who sets your interest rate, how interest is calculated, and any fees that will be associated with ...
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  • Merchant Cash Advance Reduced By $92,000 (Bizfi)

    || 11-Nov-2016

    Merchant Cash Advance Default There are a variety of traditional vehicles for business financing, including; credit cards, lines of credit, and commercial loans. However, over the past few years, it has become increasingly popular for businesses to cover their capital needs by taking an advance against their anticipated credit card receivables, known as a Merchant Cash Advance, or MCA. In an MCA, ...
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  • 80% Debt Reduction with US Equities Corp & Linda Strumph

    || 7-Nov-2016

    Case Background In 2016, a Client retained our firm for assistance with resolving a judgment for an old credit card debt. The Plaintiff, U.S. Equities Corp, was represented by Attorney Linda Strumpf. The judgment was originally entered in 2004 for approximately $22,000, but with interest and poundage, the balance ballooned to $47,000. Our client was unaware of any lawsuit against her. Her first ...
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  • National Collegiate Trust Student Loan Debt Reduced by 75%

    || 1-Nov-2016

    At the Law Office of Simon Goldenberg PLLC, we take great pride in the results we help our client’s achieve. Although results vary, we strive to attain the maximum reduction possible in each client’s unique situation. If you’ve been sued for a student loan debt in New York or New Jersey, call us to learn how we can defend the action and potentially settle the debt for less then ...
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  • Business Loan Settled With Can Capital for 82% Reduction

    || 24-Oct-2016

    In these days of financial uncertainty, our office is seeing an increase of inquiries from business owners that need help restructuring defaulted loans and merchant cash advances. All too often, the daily or weekly payments become overwhelming and can cause the business to be unable to purchase new inventory, meet payroll, and keep up with other financial commitments. Reducing Small Business Debt ...
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  • American Express Lawsuit Settled With Jaffe & Asher LLP (39%)

    || 21-Oct-2016

    The Law Office of Simon Goldenberg PLLC provides a comprehensive suite of debt relief services, including defending consumers and businesses from collection lawsuits in New York and New Jersey. In this article, we are highlighting a case brought in Supreme Court by the law firm of Jaffe & Asher LLP for credit card debt. The borrower initially contacted our office for an evaluation of his case. ...
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  • Business Loan Settled with OnDeck Capital for 15%

    || 18-Oct-2016

    If you’re overwhelmed with debt owed on business loans, it’s time to stop losing sleep and call our office to learn how we can help. As you'll see in this case highlight, our office will leave no stone unturned in working to get the best results possible for our client's. Defaulted Business Loan with OnDeck Capital, Inc. Our office was contacted by a distressed business owner ...
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  • Unifund CCR judgment settled for 15% with Mullooly Jeffrey Rooney and Flynn LLP

    || 14-Oct-2016

    In this case, we were hired to help resolve a default judgment from debt buyer Unifund CCR LLC against a consumer in Nassau County. The attorneys representing Unifund CCR were Mullooly, Jeffrey, Rooney, and Flynn LLP. The Defendant was represented by Stephen Basedow, Esq. of the Law Office of Simon Goldenberg PLLC. At the time the client retained our law firm, the outstanding judgment balance was ...
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