Blog Posts in November, 2016

  • 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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