Posts by Brad Sadek, Esquire

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…

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…

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…

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,…

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.  …

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…

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…