Recent Posts in Debt Settlement Category

  • A+ BBB Rating Conferred Upon Our New York Law Firm

    || 12-Apr-2017

    In addition to the numerous honors conferred upon the Law Office of Simon Goldenberg PLLC by organizations like Superlawyers, Avvo, and Martindale-Hubbell, we are proud to announce our accreditation by the Better Business Bureau ("BBB") serving the Metropolitan New York, Long-Island, and Mid-Hudson Region. We are very proud of the A+ rating that we received after the BBB conducted a ...
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  • Why Hire a Lawyer to Settle Private Student Loans?

    || 3-Apr-2017

    If you're struggling with student loan debt, you're not alone! Just don't make the mistake of ignoring these debts, you could face serious consequences such as lawsuits and wage garnishment. Rather, you should work towards identifying your best resolution options and creating a plan to rectify the balances. Our law firm has helped many distressed borrowers find affordable solutions to ...
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  • ReliaMax Private Student Loan Settled for 75% Reduction

    || 2-Apr-2017

    Our attorneys were recently contacted by a debtor in need of assistance with resolving a private student loan debt owed to ReliaMax. With interest, the balance accumulated to over $80,000. The primary borrower and the co-signer were both experiencing financial hardship and were unable to keep up with the the large minimum payments. Consequently, the account ended up in default due to non-payment. ...
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  • Merchant Cash Advance & Business Debt Lawyers

    || 14-Mar-2017

    Nearly every day, our office receives phone calls from business owners that are desperately looking for a solution to their small-business debts. Whether it be an MCA debt (Merchant Cash Advance), a business loan, a line-of-credit, or even a commercial credit card, it can be tough to know where to turn when you can no longer afford to make the minimum payments. It’s no wonder that some ...
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  • Lower Payments on Merchant Cash Advance & Business Loan Debt

    || 7-Feb-2017

    Our debt relief team has experienced an increase in callers from company owners seeking help with unaffordable business debts and struggling to keep up with the large daily, weekly, or monthly payments. With the fear of potentially having to close their companies due to insolvency, these proprietors are desperately seeking a solution to restructure their commercial debts. Not knowing where to turn ...
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  • Cancelling and Settling Timeshare Debt

    || 16-Jan-2017

    Buying into a timeshare can seem like a sensible and affordable way to vacation with friends and family. But what happens if your finances tighten and your timeshare costs are no longer within your budget? With a contractual obligation to pay for the shared property, cancelling a timeshare agreement is not as simple as making a few phone calls. Once the salesperson succeeds in convincing a buyer ...
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  • 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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  • 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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  • 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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  • 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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  • Statute of Limitations for Student Loans

    || 7-Oct-2016

    Is there a Statute of Limitations for Student Loans? There is much confusion regarding the applicability of the statute of limitations on bringing lawsuits to collect on defaulted student loans. Part of this confusion can be attributed to changes in federal laws that eliminated the statute of limitations on federal student loans. As such, in order to determine if an SOL applies, it’s ...
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  • Fighting Student Loan Lawsuits

    || 12-Sep-2016

    Have you been sued for a student loan? It's normal to have serious questions when facing legal action. Most borrowers and co-signers will want to minimize the impact of the lawsuit and avoid having a judgment entered against them. You might be wondering: Why am I being sued? Do I really owe them the amount they claim? How do I fight the lawsuit? What are my defenses? Can I settle the lawsuit ...
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  • Cancellation of Debt From A 1099-C

    || 25-Aug-2016

    Pursuant to the IRS, a debt exists if you borrow money and are obligated to pay back a determinable amount in the future. There are situations where debts are deemed cancelled for tax purposes, however, it should not be assumed that a 1099-C results in the borrower being relieved of their obligation to repay. What to do if you receive a 1099-C Don't panic! Provide the form to your certified ...
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  • Business Debt Settlement

    || 15-Aug-2016

    It’s no secret that to operate a small business, the owner needs access to money. Whether the business is a startup, in growth-mode, or is experiencing seasonal fluctuations, lack of capital can be a recipe for disaster. Business owners might seek financing through bank loans, SBA loans, lines-of-credit, credit cards, or even by taking a Merchant Cash Advance. Falling behind on business ...
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  • New York City Debt Relief Lawyers

    || 7-Jul-2016

    If you’re looking for relief from your debts then you might already know how stressful the collection process can be. Regardless of whether you’re saddled with overwhelming credit card debts, business loans, or large student loan payments, you’ll want a seasoned attorney to help guide you to a fair resolution. At the Law Office of Simon Goldenberg, PLLC, we help New Yorkers get ...
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  • Can I Exclude a Credit Card from Chapter 7 Bankruptcy?

    || 24-Mar-2016

    One of the most common questions regarding filing for Chapter 7 bankruptcy is whether or not a debtor can choose to exclude a credit card from their petition for bankruptcy. Some people wish to collect the benefits of having their debts discharged during bankruptcy but do not want to risk losing their credit card in the process. On the flipside, a person may wish to omit their credit card debt ...
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  • Debts That Are Non-Dischargeable in New York

    || 10-Mar-2016

    People who are overwhelmed with the burden of overwhelming unpaid debts often turn to bankruptcy for relief. In the case of Chapter 7 bankruptcy, after debtors liquidate their assets to satisfy their creditors, a majority of their debts will be permanently discharged, allowing them to start fresh towards a new future. While bankruptcy can be a perfectly legitimate and honorable way for a person to ...
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  • 85% Debt Reduction on Stephen Einstein Lawsuit

    || 11-Dec-2015

    This particular client contacted our office for assistance after receiving a notice of a lawsuit. The company suing them was JH Portfolio Debt Equities, which claims to have purchased the debt from the original creditor, Citibank. The amount of the claim was nearly $7,500. We responded to the Complaint with a Verified Answer and included a Counterclaim under New York General Business Law. ...
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  • Forster & Garbus Settles SLM Student Loan Lawsuit for 70% Off

    || 6-Nov-2015

    In the matters of SLM Private Credit Student Loan Trust v. K.W., two lawsuits were brought in Kings County Supreme Court against a New York defendant by the law firm Forster & Garbus, LLP, for private student loans originated by Sallie Mae. The Plaintiff, SLM Student Loan Trust filed two separate lawsuits against the defendant for a total of approximately $98,500.00, which included the ...
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  • Selip & Stylianou Settles Midland Funding Lawsuit for 80% Off

    || 9-Oct-2015

    In this case, Midland Funding LLC hired Selip & Stylianou, LLP to bring a lawsuit to collect on a debt that was purchased from an assignee of the original creditor. The claim amount was in excess of $3,150. Upon receiving notice of the Summons and Complaint, the client contacted our office, and after a brief consultation, retained our attorneys for assistance in resolving the lawsuit. As part ...
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  • Stephen Einstein & Associates Settle Lawsuit for 38%

    || 6-Oct-2015

    Upon receiving notice of a lawsuit, a potential client inquired with the Law Office of Simon Goldenberg PLLC. After completing a free case evaluation and speaking with one of our lawyers, the client hired our firm for assistance with defense and settlement of the debt. In this case, the law firm of Stephen Einstein & Associates was representing a debt buyer that was attempting to collect on a ...
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  • Super Lawyers Achievement - New York Rising Star - Simon Goldenberg

    || 5-Oct-2015

    Simon Goldenberg, Esq., principal attorney at the Law Office of Simon Goldenberg PLLC has been selected to the 2015 New York Rising Stars list for the area of Consumer Law. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Attorney Goldenberg has been conferred with this award for the consecutive years of 2014 ...
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  • Can a lawyer help resolve student loans in New York?

    || 4-Sep-2015

    If you're reading this blog, you are probably struggling with student loan debt. You might be on the brink of missing a payment, or you might have already fallen into default. You may be curious as to what a lawyer could do to help resolve your debt. In order for a lawyer to identify how they could be of potential assistance, they first need to establish the types of loans you have as well as ...
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  • Student Loan Debt Crisis Is Growing

    || 3-Sep-2015

    The student loan debt crisis continues to remain a sore eye for students around the country. While many have proposed ideas to combat the crisis, students continue to bear the brunt of the growing crisis. Over the last decade, the total amount of student debt has nearly doubled to $1.19 trillion dollars, with 7 million borrowers in default. While undergraduates are capped at $57,500 in federal ...
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  • Schachter Portnoy Settles Lawsuit Debt for 90% Off

    || 4-Aug-2015

    In Cavalry Portfolio Services, LLC v. A.A., a lawsuit was brought by the law firm of Schachter Portnoy LLC against a New York defendant to collect on a debt originally owed to Cavalry Investments, as assignee of FIA Card Services. In 2010, the attorneys at Schachter Portnoy LLC were able to obtain a default judgment in the amount of $21,300. With the 9% judgment interest that accrues each year, ...
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