The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Back To All Articles


The Magic of Veitengruber Law

On Behalf of Veitengruber Law | Oct 28,2021

-- paragraph -->

As a follow-up to our blog post we shared yesterday, I think most of us realize that there are some substantial debt problems following the pandemic. Not that the pandemic is truly over yet - it's not! But, my hopeful self wants to believe we are definitely on the upswing.

-- /paragraph --> -- paragraph -->

All of the reduced income, job loss, business closures, supply-chain issues, illness, death, and more caused directly or indirectly by COVID-19 have now acted like a set of dominoes, and what we're left with is, in a word, DEBT.

-- /paragraph --> -- paragraph -->

Mortgage debt, unpaid rent, late utility payments, child support arrears, delinquent personal loans, maxed out credit cards - the list goes on and on but the bottom line is that the American people are deeply in debt right now. What happens next will undoubtedly become a pivotal and unforgettable moment in US economic history.

-- /paragraph --> -- paragraph -->

My thoughts on an across-the-board debt cancellation: it's problematic. In theory of course it's fantastic: it's a fantasy. Academic grandstanding, as I've heard it referred to. The risk of seriously undermining our currency is high.

-- /paragraph --> -- paragraph -->

If we take a look at the COVID relief programs the government has already rolled out: mortgage moratoriums, stimulus payments, forbidding landlords from evicting tenants for non-payment of rent, increased unemployment checks plus bonus COVID payments of up to $600/week, unemployment pay to those who would ordinarily be ineligible for benefits...in a sense, the CARES Act has been a Mini Debt Jubilee.

-- /paragraph --> -- paragraph -->

The bottom line as I see it is that the government is not likely to wipe everyone's debt clean. Hoping and wishing and praying for this to happen is energy that could be better spent taking action to right your financial situation before it has a chance to completely tank. By taking advantage of the assistance that IS being offered as well as my help, you will have very little problem getting your debt under control and keeping your home as long as you act now.

-- /paragraph --> -- paragraph -->

A full-scale debt wipeout? I just don't see it on the horizon. What I do see is every client who reaches out to me getting a better night's sleep that night because we gave them a plan of action to get their bank accounts right side up again.

-- /paragraph --> -- paragraph -->

If you've been crossing your fingers for a debt jubilee, call me. I may not have a magic wand, but you don't need magic when you've got Veitengruber Law.

-- /paragraph -->


Wall Township

1720 Highway 34 Suite 10 Wall Township, NJ 07727

Phone: (732) 894-4909

Fax: (732) 695-3917

Bordentown Office

33 Third Street 2nd Floor Suite 3 Bordentown, NJ 08505

Phone: (609) 542-2339

Metuchen Office

(By Appointment Only)

247 Main Street Metuchen, NJ 08840

Phone: (908) 386-4767

Request Your Free Case Evaluation

Fields marked with an * are required


Email address*


Brief description of your legal issue

I have read the disclaimer

For security reasons, enter the text you see in the below graphic:

Security Code
Free Consultation