Law Office of Michael S. Lazaroff

02/05/2026

https://www.businessinsider.com/student-loan-borrowers-bankruptcy-more-success-discharging-debt-new-guidance-2026-2?utm_source=copy-link&utm_medium=referral&utm_content=topbar

Biden's reforms to the bankruptcy process for student-loan borrowers are working. The main issue: not enough people know about it.

01/16/2026

You don't have to live with high debt. Thete are solutions. Call us!

The US household debt burden has almost never been this large:

US household total debt service is up to 30% of gross disposable national income, the highest since at least 2008.

This means the average American household is now spending nearly 1 out of every 3 dollars they earn after taxes just to pay off debt.

This comes as household debt interest payments are up to ~10%, the highest in at least 18 years.

Furthermore, total US household debt surged +$197 billion in Q3 2025, to a record $18.6 trillion.

Meanwhile, principal amortization, or the portion of debt payments that goes toward paying down the actual loan balance, not interest, is up to ~18%, the highest since at least 2008.

The debt burden is squeezing consumer spending power.

01/16/2026

This the big Switch
Let's talk about the money no one taught us to manage

Many people are trapped in credit chains — instant gratification, lifestyle financing, and unplanned debt. Credit is often used to feel ahead, but it slowly locks income, freedom, and future growth.

Debt doesn’t start as pain, it starts as convenience. When lifestyle grows faster than discipline, credit quietly becomes a permanent partner. Money comes in… and leaves before anything meaningful is built.

Separate money by purpose. Control lifestyle, not income. Use credit only to build or protect your future — never to impress or survive. Break the chain by choosing discipline over pressure.
Your thoughts 💭 please

01/16/2026

Read more:

WalletHub collected data from the end of 2025 and ranked the states with the most and least debt collection accounts.

01/13/2026

https://nl.nytimes.com/f/newsletter/J1-_4BLYgajeVPkpTyDLBg~~/AAAAARA~/03grQ2uzRSxXDz26jJKYvgrDHa-A9Y7vdv9cRV66dp-MXIbHB-FyuuM7qCHV7YPTw4KljTS6Wjxdm_RgayoTXHnSCZjaXcw2yDBQEMNUzGyq4XWUwdtUC5qbBp-Xc4v43IunJN7_pkO0hxJmPgYZ6pzgG40W9TgsVUNy8eg8PoLOMSeYmw9ptbV3gqy1DlwrzbW33Lmvb5x2VkcrrGT6IlY8NhrFi59d0TnbfNXpvf0GPPixN5Sq4VszRchyjFY565taJ9Eptoy85hnapnrmkf0XdS_7mLaZ94ljKWqAZnYkJ6aqlRX1Gta7YqyG1n9eTQqcQ__KUszDL4fLGW-hjWAIrN5AeUlwzTs6ZwzgyF7cuCykct3mcdDqHfY8af14

A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like them should try.

01/05/2026

Don't struggle with debt. There are solutions! Call us. 724-352-4905.

12/25/2025

Don't struggle with debt issues. Call us today!

Millions of borrowers in default could soon see money taken directly out of their paychecks as federal collections resume.

12/22/2025

https://www.forbes.com/sites/jeffkauflin/2025/12/15/why-debt-collectors-have-declared-open-season-on-consumers/

With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer complaints go unanswered.

04/23/2025

Don't let debt ruin your life. Call us. We have helped hundreds and can help you also!

Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.

04/17/2025

We’re excited about the Third Annual Chief Greg Adams Memorial Golf Scramble and are looking forward to you joining with us.⛳️🏌️‍♂️

We hope to see you on June 6 at this year’s event!
Third Annual Chief Gregory Adams Memorial Golf Scramble is being planned for Friday, June 6, 2025 with a shotgun start at 10:00 a.m.

REGISTRATION FOR GOLF AND SPONSORSHIPS IS NOW OPEN! https://cops-1.org/golf-event/

The generosity of the sponsors and players really helps to support the mission and purpose of this event; to support local law enforcement training and equipment needs.🚨🚔

02/23/2025

Dealing with unmanageable debt? Being harassed or sued by debt collectors? Call us - we can help!