Leech Tishman Bankruptcy & Creditors' Rights

08/07/2023

07/11/2022

Beleaguered crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset markets.

Voyager commenced bankruptcy proceedings in the U.S. Bankruptcy Court of the Southern District of New York on Tuesday.

02/02/2022

Income-driven repayment plans are one of the most common ways student-loan borrowers opt to pay off their debt, given the plans are intended to craft financially feasible monthly payments.
But while those plans should forgive borrowers' remaining balances after at least two decades of repayment, only 32 borrowers ever have experienced that relief.

Only 32 student-loan borrowers have ever had their loans forgiven through income-driven repayment plans. NerdWallet sheds light on why.

01/31/2022

You have to be very careful when using people or companies to negotiate debt. Always look for reviews. Never transfer money or property to someone who is going to work with your creditors without fully understanding how it will ultimately help you.

Paralegal and lawyer convinced homeowners in foreclosure to sign over homes then filed false bankruptcy papers to keep collecting rent.

01/27/2022

Bankruptcy can have implications for people who are not in bankruptcy. While most people haven't made such lavish gifts, you still need a bankruptcy lawyer to assist in the process.

Real Housewives Of Beverly Hills Cast Member Erika Jayne Refuses To Give Up $1.4 Million Earrings Given To Her By Husband Tom Girardi

01/26/2022

The Student Borrower Protection Center (SBPC) released a report that found 2.6 million borrowers with private student debt could be eligible for as much as $50 billion in loan cancellation through bankruptcy.

The Student Borrower Protection Center found private creditors have "systematically lied to borrowers" about discharging their private student loans.

01/19/2022

The average total tuition for the most affordable bachelor’s degree in the U.S. easily tops $40,000, and that’s before the costs of room and board, books and supplies, and other expenses. Going to an out-of-state college or a private university can more than double or triple the cost. Student loans remain a real issue for many Americans. Forcing many young people to put off major milestones such as getting married, buying a house, or having children.

The cost of higher education in the United States has been growing at such an alarming rate that total student loan debt in the country hit $1.

01/14/2022

Navient will cancel &1.7 Billion in student loans to borrowers from as far back as 2009. The restitution funds will be distributed to approximately 350,000 eligible federal student loan borrowers, who will be notified of their eligibility to receive a $260 restitution payment this spring.

The settlement resolves allegations of "unfair, deceptive, and abusive student loan servicing practices and abuses in originating predatory student loans."

01/06/2022

Bankruptcies are continuing to decline. “Increased government benefits” such as third round of stimulus checks, supplemental jobless benefits and monthly child tax credit payments — were one reason for the drop along with eviction moratoriums. Bankruptcy should always be a last resort. If you need to discuss your options, give us a call at Leech Tishman.

Bankruptcy cases fell in 2021 after falling in 2020.

10/22/2021

Interesting perspective from someone who filed bankruptcy.

"I still remember the fear," says Mike Amory of his bills piling up. "I encourage others to consider bankruptcy, regardless of how you ended up in debt."

10/21/2021

Anyone looking for a deal on a house?

The 105,000-square-foot Bel Air estate, known as "The One," was placed into receivership by the Los Angeles County Superior Court.

10/20/2021

Interesting concept. I wonder if AI will be better than humans at such predictions.

Researchers of the HSE Graduate School of Business have presented a new method of forecasting bankruptcies in businesses using machine learning. The method makes it possible to fully utilize information on a company’s financial state and to make more accurate predictions than traditional statistic...