Jeffrey M. Rosenblum, P.C.
A Fresh Start

August 2019 Archives

How can you get creditors to stop calling?

When you started receiving calls from creditors about outstanding debt, you may have thought that your best course of action would be to ignore them. Unfortunately, like many problems in life, ignoring creditors does not mean that they will go away. In fact, it could invite additional actions against you.

Are you prepared for a recession?

Economic experts are warning that another recession appears to be headed our way. In a recent survey by the National Association for Business Economics, 38% of economists who were polled predicted that it would occur next year. A little over a third said they expect it the following year, in 2021.

Why are bankruptcy rates on the rise this year?

The number of personal as well as business bankruptcies in the U.S. has been increasing recently. There were 5% more filings in July of this year than in June. There were about 1,000 more consumer bankruptcies during the first seven months of this year than the same period in 2018, according to the American Bankruptcy Institute.

Owners of New York debt collection companies agree to settlement

On July 25, the U.S. Consumer Financial Protection Bureau (CFPB) and the New York Attorney General (AG) announced that they had fined three New York-based debt collection companies and their owners over $60 million for illegally inflating consumer debts and barred them from further debt collection activity.