What is an Underwater Car?

By: Robert J. Nahoum An underwater car is a car loan where the owner owes more on the loan than the car is worth. This can happen for a number of reasons, such as: Buying a car little to no down payment. Taking out a long-term car loan. Rapid depreciation of the car. Damage to the car. Why is Being […]

The Law Offices of Robert J. Nahoum Settles Judgment and Frozen Bank Account With American Express

  By Robert J. Nahoum Joint Bank Account Restrained Introduction We recently received a call from a panicked prospective client who was notified by her bank that a checking account she held jointly with her daughter had been restrained. She was anxious, embarrassed and confused about what was happening and what if anything she could do about it. The Client’s […]

Infamous New York Debt Collection Law Firm Stephen Einstein & Associates, P.C. merges with Tromberg, Morris & Poulin, PLLC

By: Robert J. Nahoum The infamous New York debt collection law firm Stephen Einstein & Associates, P.C. has merged with industry competitor, national law firm Tromberg, Morris & Poulin, PLLC.  According to their websites: Stephen Einstein & Associates, P.C. was a relatively was a small player in the New York debt collection arena until it became the beneficiary of the […]

NCLC Resource – Protecting Against Creditor Seizure of Stimulus Checks

The consumer heroes at the National Consumer Law Center have issued the following resource to help consumer protect their corona stimulus checks from levy and seizure by heartless and unscrupulous debt collectors: “The CARES Act authorizes payments up to $1200 to individuals and $2400 for couples, with an additional $500 for children under 17 years old. The payments phase out […]

Debt Buyer Unifund CCR, LLC Filed 2,271 NY Debt Collection Cases In 2018

By: Robert J. Nahoum According to the New York State Unified Court System, “junk debt buyer†Unifund CCR, LLC filed a 2,271 New York debt collection cases in 2018.  Unifund is regularly represented by New York debt collection law-firm mills Mullooly, Jeffrey, Rooney & Flynn, LLP and Kirschenbaum & Phillips PC. In a debt collection lawsuit, Unifund must prove that […]