Debt Settlement

Report: Total Household Debt in the U.S. Reaches Record High

by Michael H. Schwartz
Young couple having debt problems on how to pay their loans.

Total personal household debt in the U.S. rose to a record-high $13.54 trillion in the last quarter of 2018, according to a report by the Federal Reserve Bank of New York. It marked the eighth straight quarter in which consumer …

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Mr. Schwartz Successfully Eliminates $282,761 of Mortgage Debt, Reduces Interest Rate, and Eliminates Second Mortgage Entirely

by Michael H. Schwartz

In the latest of a long line of successful mortgage modifications, Michael H. Schwartz has been awarded the highest hourly rate ever in a mortgage modification by Chief Judge Cecilia G. Morris, United States Bankruptcy Court. The fees will be …

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Report Finds Older Americans Suffer More Abuse from Debt Collectors

by Michael H. Schwartz
Contact the law office of Michael H. Schwartz, P.C. today for a free consultation.

Older individuals face more harassment and abuse from debt collectors, on average, than younger individuals do, according to a recent report released by the Consumer Financial Protection Bureau (CFPB). The researchers found that older Americans are more likely to be …

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