Posts by Brad Sadek, Esquire

Why People File for Bankruptcy

hypertension 867855 640 - 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.…

Read More

Why Is It So Hard to Get a Loan Modification?

house 3362676 640 - 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,…

Read More

Is Chapter 13 a Better Option Than Debt Consolidation?

savings 2789112 640 - 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…

Read More

Debt, Bankruptcy, and Personal Injury Cases

thermometer 1539191 640 - 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…

Read More

Will Bankruptcy Keep Me from Retiring?

piggy bank 661969 640 - 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…

Read More

Understanding the New Jersey Foreclosure Process

AdobeStock 15553948 1024x685 - Understanding the New Jersey Foreclosure Process

In New Jersey, foreclosure happens over a series of steps. Understanding these steps helps you understand your options, and how you might mount a foreclosure defense. Keep in mind the earlier you seek and obtain representation during this process, the more likely you are to keep your home. There are a series of decisions you’ll…

Read More
Call Us Now