Bankruptcy Is Not Always Your Only Way Out of Debt

By: Robert J. Nahoum THE PROBLEM: Post Covid, rising inflation and a tricky jobs market have all left you behind on debt.  Perhaps you lost your job during Covid and relied on your credit cards to get you through.  Now rising inflation has made everything more expensive including your credit card bills and you just can’t catch up.  Most Google […]

Abrahamsen Gindin LLC Acquires Embattled Debt Collection Mill Forster & Garbus

By: Robert J. Nahoum Pennsylvania based creditors’ rights law firm Abrahamsen Gindin LLC is dipping its toe into the New York State debt collection market with the announcement of its purchase of embattled debt collection mill Forster & Garbus. The announcement comes on the heels of a settlement between the federal Consumer Financial Protection Bureau and Forster & Garbus in […]

The Current Status of Medical Debt Credit Reporting

By: Robert J. Nahoum On April 11, 2023, the three major credit reporting agencies, Equifax, Experian, and TransUnion, (the CRAs) announced that that medical debt with an initial reported balance of under $500 has been removed from U.S. consumer credit reports.  This announcement comes after a 2020 file issued by the, the Consumer Financial Protection Bureau (CFPB) requiring credit reporting […]