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Top 7 Reasons to Consider Filing for Bankruptcy

Top 7 Reasons to Consider Filing for Bankruptcy

Over the years, our Philadelphia, Pennsylvania based Bankruptcy law firm has filed thousands of consumer bankruptcy cases.  In each case, the goals of our clients have been fairly similar; to achieve a fresh financial start or to reorganize their financial...
Three types of Creditors in a Chapter 13 Bankruptcy

Three types of Creditors in a Chapter 13 Bankruptcy

When considering filing for a Reorganization of debt under Chapter 13 Bankruptcy Protection, Petitioner’s should be aware of the three categories of debt included; Priority, Secured and Unsecured debts. Priority debts in the Chapter 13 Bankruptcy include costs...
5 Post Bankruptcy Tips to Remain Debt Free

5 Post Bankruptcy Tips to Remain Debt Free

1. Do Not Incur Post Bankruptcy Unsecured Debt Whether you have filed for a Chapter 7 Discharge or a Chapter 13 Reorganization of debt, potential lenders will most likely send offers for new credit.  Potential lenders target Petitioners post bankruptcy because...
Are College Savings Safe in Bankruptcy?

Are College Savings Safe in Bankruptcy?

A 529 Plan is also known as a qualified tuition plan for college purposes.  Monies used to fund a 529 Plan grow on a tax free basis so long as upon withdraw the principal plus any growth are used for educational purposes only.  In accordance with the...
How Judgement Collection Can Be Halted Through Bankruptcy

How Judgement Collection Can Be Halted Through Bankruptcy

We live in difficult economic times.  It is often beyond one’s control if he or she loses a source of income, or has a family financial emergency that makes it difficult or impossible to pay all the bills in a given month.   For instance, if the...
Should I reaffirm my Mortgage Debt After Bankruptcy

Should I reaffirm my Mortgage Debt After Bankruptcy

A reaffirmation agreement is entered between the Petitioner in Bankruptcy/borrower and a secured lender prior to a discharge in Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.  A reaffirmation Agreement is signed by the Debtor and Lender and filed with the...
Filing A Second Or Third Bankruptcy Case

Filing A Second Or Third Bankruptcy Case

For numerous reasons, an individual or married couple might not be able to complete their Chapter 13 Bankruptcy.  When payments are not made on a regular monthly basis, one’s case can be dismissed.  The failure to make payments is often not the fault...
Sadek and Cooper Chosen as Top Philadelphia Bankruptcy Attorneys

Sadek and Cooper Chosen as Top Philadelphia Bankruptcy Attorneys

Sadek and Cooper Chosen as Top Philadelphia Bankruptcy Lawyers Sadek & Cooper Law Offices has been recognized by My Fox Philly’s MojoAwards as the top rated bankruptcy law firm in the Philadelphia area. The Mojo competition is conducted weekly, highlighting...

Mortgage Modification Foreclosure Defenses

In difficult financial times it is common for homeowners to seek a “modification” of their existing home loan.  At Sadek and Cooper Law Offices we aim to provide our clients with the best options and strategies to make their homes affordable and avoid...
Discharging Student Loans in Bankruptcy

Discharging Student Loans in Bankruptcy

Whether you approach the issue from the perspective of a parent, a student, a lender, a politician, or a university or college, student loan debt has been a hot topic during the past several years – and if current trends are any indicator, the issue is unlikely...