Posts by Brad Sadek, Esquire

The Three Types of Debt Borrowers Should Understand

CheckingAccount - The Three Types of Debt Borrowers Should Understand

All of your debts fall into one of three categories, and different bankruptcy chapters treat them differently. Knowing the types of debt you’re carrying can help you and your attorney make strategic decisions. They won’t be the only determinant of which chapter you file. You still can’t file Chapter 7 if you don’t pass the…

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In the News: Relief for Veterans

jessica radanavong 0ZkAINlmtOs unsplash 1024x1024 - In the News: Relief for Veterans

This year, the passage of the HAVEN Act brings new relief to veterans who are facing financial distress. The abbreviation stands for “Honoring American Veterans in Extreme Need,” and corrects a major problem faced by military borrowers. Prior to the passage of the act, bankruptcy courts could use the Department of Defense disability payments to…

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In the News: Discharge vs. Arbitration

Agreement - In the News: Discharge vs. Arbitration

Recently, a judge in the Eastern District of Pennsylvania made a ruling which could impact any Pennsylvania resident who has signed arbitration agreements with any creditor. “On September 17, the Eastern District of PA granted a creditor’s request to compel arbitration over a plaintiff’s argument that the arbitration agreement he had signed was void as…

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Medical Centers Growing Aggressive About Debt Collections

Medical - Medical Centers Growing Aggressive About Debt Collections

Medical bills have been a leading cause for bankruptcy cases for a long time. Over half of most people’s unpaid debt comes from medical bills. But in some parts of the country, hospitals are all but forcing bankruptcies with aggressive debt collection practices that leave former patients in dire straits. Many hospitals have generous financial…

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Can I Buy a Car During Chapter 13?

BuyingACar - Can I Buy a Car During Chapter 13?

It’s almost impossible to live and work without a car. And unlike houses, cars tend to break down at the worst possible moment. They wear out and they become more expensive to fix than to replace. If this happens during Chapter 13 bankruptcy, will you be able to get a new one? As it happens,…

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How to Spot a Student Loan Scam

StudentLoan - How to Spot a Student Loan Scam

There are few debts more stressful than student loans. While in cases of extreme hardship they can be discharged through bankruptcy it’s very hard to do so. That means plenty of Americans are feeling the strain of huge payments and debt loads they may never see the end of. And scammers are stepping in to…

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Can I Get a Mortgage During Chapter 13 Bankruptcy?

BuyingAHouse 1024x683 - Can I Get a Mortgage During Chapter 13 Bankruptcy?

Most of the people who file Chapter 13 bankruptcy are trying to save a home they already have. But in some cases, people who are working their way through a Chapter 13 plan start considering a home purchase. And if you’re one of them, take heart: it is 100% possible to get a mortgage while…

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How Bankruptcy Can Save Your House

SaveHome - How Bankruptcy Can Save Your House

Facing foreclosure? You can run out of options fast. You apply for a mortgage modification, only for the bank to deny it. You try to catch up, and you find it impossible. You try to stall through any of the legal remedies open to you, and you fend off scammers. But you’re really only buying…

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How to Spot a Foreclosure Scam

Fraud alert - How to Spot a Foreclosure Scam

You’re vulnerable when you’re facing foreclosure. You’re under a lot of stress, and you may not know what you should do to protect your home. So if you’re in this situation, it’s very important for you to know the signs of a mortgage scam so you don’t lose money you can ill-afford to lose. Asking…

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