Posts by Brad Sadek, Esquire

In a previous post we talked a little bit about filing bankruptcy without your spouse. We wanted to take a moment to go a little deeper, and to share more of the advantages that can be gained by keeping your husband or wife out of your bankruptcy case. See also: End Debt, Save Your Marriage.…

Considering a bankruptcy? You may be surprised to know your spouse doesn’t necessarily have to file just because you do. One of you can file while the other does not. Each of you can file separate bankruptcy cases. You can file a joint bankruptcy case. We’ll cover the reasons why someone might choose to file…

As Philadelphia bankruptcy attorneys we often hear from clients who are concerned they’re choosing the wrong type of bankruptcy. As a sort of safety measure, they want to know if they can change a Chapter 7 to a Chapter 13, or a Chapter 13 to a Chapter 7. And the answer is yes! You can.…

1 in 3 Americans may have a serious need to file for bankruptcy. At least, that’s what a recent survey indicates. 33% of Americans are worried they will max out their lines of credit if they have to make a purchase of $100 or more. Default rates are up across all loan types. Interest rates…

Trust the government to issue its own employees tone-deaf advice about surviving furloughs, or being forced to work without pay, with cheerful advice like, “become a dog-walker or a babysitter!” Whoever wrote that advice must still be drawing a paycheck. Other advice: garage sales, Etsy stores, cutting expenses. As if there is a garage sale…

It’s been nearly a month since the latest government shutdown began. Bankruptcy cases are federal cases, which means the shutdown is already having an impact on Americans filing Chapter 7 or Chapter 13. Bankruptcy courts remain open at the moment, but already cases are severely delayed. They were already overburdened, and now they are having…

Everyone’s heard of bankruptcy, but you’d be surprised how few people really know about it. As Philadelphia bankruptcy attorneys we hear misconceptions about bankruptcy every day. These myths keep good people from seeking the legal relief they need. That’s why we wanted to take the time to get them all cleared up. Myth #1: Bankruptcy…

If you’ve started to consider your bankruptcy options then you might initially be hoping for a Chapter 7 bankruptcy. After all, you already know most of your debts get discharged entirely at the end of a Chapter 7 case, whereas a Chapter 13 case will require you to make some payments. But if getting all…

An emergency bankruptcy filing is often the last resort of people who wait too long to seek protection. You’d end up having to file one if you are facing immediate foreclosure, eviction, wage garnishment, or repossession. When an attorney files an emergency bankruptcy petition for you they’ll file what’s called a “skeletal petition.” This is…