SuperLawyers

GET YOUR FREE CONSULTATION

Blog

office 1209640 640 - Blog

What is the Process in a Chapter 13 Bankruptcy Case?

As you might imagine, a Chapter 13 case is far more complex than a Chapter 7 case. It’s the type of case no borrower gets through without a lawyer. There are, for example, a lot more places, reasons, and ways for creditors to make objections when you file a Chapter 13 case. There is a…

house 3050112 640 - Blog

What Happens to My House During Bankruptcy?

If worries about your house are keeping you from filing for bankruptcy, you are not alone. Lots of people are afraid that bankruptcy automatically means losing the house.  In truth, much depends on your bankruptcy strategy. And developing the right one will mean asking a series of important questions.  Are you current on your payments,…

laptop 3175111 640 - Blog

Is Using a Bankruptcy Petition Preparer a Good Idea?

When you’re in a state of financial distress it’s natural to become overwhelmed with the idea of spending any money at all. So it’s no big surprise that some people turn to “petition preparation services” to try to file their bankruptcy. But these services can be as bad, if not worse, than trying to go…

open sign 1617495 640 - Blog

Will Bankruptcy Stop Me From Getting a Small Business Loan?

If you’ve got an eye on an entrepreneurial venture, the thought of filing for bankruptcy might be especially scary. Will bankruptcy kill your dreams of business ownership for good? The short answer: “Probably not.” The long answer takes a little more explanation. Your personal credit score will improve. Sure, the narrative the credit card companies…

accountant 4008603 640 - Blog

What Are the Steps of a Chapter 7 Bankruptcy?

It is always hard to take a step when you don’t know what’s going to happen. That’s why we wanted to take the time to walk you through the steps of a Chapter 7 bankruptcy. This can also help you get prepared for the bankruptcy process so that you reap the maximum amount of benefit…

arm wrestling 567950 640 - Blog

Can I Recover Garnished Wages in My New Jersey Bankruptcy?

In the state of New Jersey creditors can garnish up to 25% of your wages if they are successful in winning a lawsuit against you. That first much smaller paycheck often serves as a wake-up call to people who had been contemplating bankruptcy but who had, for one reason or another, hesitated before moving forward.…

hypertension 867855 640 - Blog

Why People File for Bankruptcy

While many people would like to dispute it, numbers don’t lie. The American Journal of  Public Health recently ran a study which discovered medical debt accounts for 66.5% of all bankruptcies. See also: Tips for Tackling Medical Debt. Student loans account for 32%. That means only 2% of bankruptcies are caused by credit card debt.…

house 3362676 640 - Blog

Why Is It So Hard to Get a Loan Modification?

A mortgage loan modification can be an option when you’re in danger of falling behind. But many homeowners find the process of applying for one frustrating and fruitless. It’s worth noting that not all homeowners do. Some loan servicers now run complex algorithms to determine when a homeowner might be in trouble. Some even call,…

traffic 3098747 640 - Blog

What You Need to Know About Car Repossessions in Pennsylvania

If you’ve begun missing car payments then chances are a repo person will be dispatched to show up for your car pretty soon. Technically the creditor has the right to do this if you miss even a single car payment. In reality, they often wait until you are about three payments behind. Usually you know…

savings 2789112 640 - Blog

Is Chapter 13 a Better Option Than Debt Consolidation?

Debt consolidation is of the things many of our clients consider before filing bankruptcy. And when some of them hear about Chapter 13 bankruptcy, they ask, “Well, why wouldn’t I just do debt consolidation then, and save my credit score?   It’s an excellent question, and one we can answer by the numbers.   Debt…

thermometer 1539191 640 - Blog

Debt, Bankruptcy, and Personal Injury Cases

After a major accident, medical bills can really pile up. Contemplating bankruptcy is smart, but you want to make sure you choose the right case at the right time.   If you don’t have a personal injury case in the works, filing is a great idea. Medical debt can quickly skyrocket into an amount so…

american 3577500 640 - Blog

What Happens to Life Insurance Policies During Bankruptcy?

As Philadelphia bankruptcy lawyers we hear a lot of fears and concerns from all kinds of clients. Some of them are about certain assets they gathered prior to filing.   And a life insurance policy can be a big asset. It’s natural to be concerned about it. And due to the prevalence of “grey” bankruptcies,…

american 3387297 640 - Blog

In the News: Collection Agencies Push for More Ways to Harass Consumers

The debt collection industry doesn’t think calling you during business hours is enough. They also want to be able to call you on weekends.   They want to text you, too. And email you. And leave more messages on your voicemails, including ambiguous voicemails. And provide less proof you owe the debt at all.  …

credit card 2308179 640 - Blog

What’s the Right Time to Apply for Your Post-Bankruptcy Credit Card?

We’ve always tried to reassure borrowers who are afraid filing for bankruptcy will keep them from getting a credit card in the future. Long story short: it won’t.   Indeed, you’ll probably start getting offers about a week after your discharge. Credit card companies know it will be many years before you can discharge the…

piggy bank 661969 640 - Blog

Will Bankruptcy Keep Me from Retiring?

Most Americans worry about retirement. We’re all well aware Social Security is unlikely to cover our costs of living.   But it’s harder than ever to put aside money to save for retirement, too. So it makes sense to consider what happens to your retirement assets during a bankruptcy.   See also: 7 Bad Ways…

Call Us Now