Posts by Brad Sadek, Esquire

The vast number of bankruptcies we deal with are pretty routine. While bankruptcy exemption schedules are exceedingly complex and while it is intensely possible to make big mistakes that cause deep, heart wrenching problems, we don’t tend to see a lot of debtors getting challenged by creditors. Yet the idea of facing down creditors scares…

As Philadelphia bankruptcy attorneys we speak to people who are in over their head with student loan debt almost every week. So we have been watching the news very carefully to keep track of developments in the nationwide student loan crisis. Today’s hot news is a story about a class action law suit against a major…

If you’re considering Chapter 13 Bankruptcy because you want to save property you might have already heard of a “mortgage cram down” which can save you a great deal of money on loans. Some of our clients have even had fears about this term, as they thought it might mean they would be required to…

Maybe you paid it. Maybe it’s just so old you don’t even remember it. Or maybe it doesn’t even belong to you, just someone who shares your name. Whatever the cause, it’s a zombie debt, a debt that’s hard to slay because it just seems to keep coming back. And it can be some of…

One of the options many of our clients consider before showing up for their free consultation is a credit counseling service. These services are not to be confused with the mandatory credit counseling all bankruptcy filers have to go through. One gets involved in managing parts of your financial life, while the other is an…

So your financial situation is getting worse and one of your debts has gone to collections. While you shouldn’t panic, there are plenty of things you can do at this point to make your financial life a lot worse. Here are seven things you should avoid at all costs. Ignore the initial letter. When your…

When you file for bankruptcy you will, at some point, find yourself at a 341 hearing. This hearing is also called the meeting of the creditors hearing. You, your attorney, any creditors who wish to show up and your trustee will be present. For the most part, these hearings are not terribly exciting, though we…

As Philadelphia bankruptcy lawyers we are often confronted with clients who are concerned about filing. Some of those concerns are tangible, physical worries, like whether they’ll be able to keep the house or whether they will ever be able to get credit again.Others are far more emotional. And one of the most prominent emotions, the…

It starts happening almost as soon as you start getting behind on your bills. Some, or all, of those bills get sent on to third-party collection agencies. When that happens, the calls start, sometimes multiple times a day. If you make the mistake of answering the phone you’ll be badgered, shamed, and cajoled into paying…