Posts by Brad Sadek, Esquire

Can I Include Medical Debt in a Bankruptcy?

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If you’re like 2 million other Americans, you may struggle with medical debts, even if you have insurance.  Medical care costs are skyrocketing, insurance covers less than it ever did, and premiums are through the roof if you’re lucky enough to have it all. Some people struggle to pay for routine doctor’s visits. If the…

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Can I Buy a Car After Bankruptcy?

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While Philadelphia is blessed with a pretty good Walk Score at 79, most of our bankruptcy clients find they both need and want to have a car. And while some people walk out of bankruptcy declaring they will never sign on to get another car payment ever again, preferring to get a cheap used car…

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Why Bankruptcy Increases Your Credit Score

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Afraid your credit score will never recover if you choose to file bankruptcy? You’re not alone. As Philadelphia bankruptcy attorneys, we hear this fear a lot. The amount of misinformation out there doesn’t help. But believe it or not, you don’t have anything to be afraid of. Bankruptcy actually improves most people’s credit score. Here’s why. If…

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When Should Chapter 13 Be Used as a Stalling Tactic?

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In a previous post we discussed how some clients file a Chapter 13 bankruptcy as a legal stalling tactic, one that gives them some time to maneuver into a better position. As you can imagine, this isn’t a strategy one embarks on lightly. It can, however, be an appropriate strategy when one is using a…

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4 Bankruptcy Pitfalls to Avoid

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Bankruptcy doesn’t have to be terrifying. Done right it almost starts to seem a little banal. Your lawyer will tell you to take a step or sign a document. You’ll do it. The process will continue until you get your discharge. However, there are ways to add mountains of additional and unnecessary stress to the…

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Why You’ll Definitely Get Credit Card Offers After Bankruptcy

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Afraid you won’t get any credit card offers after bankruptcy? Believe, at best, you’ll be stuck with a small, secured credit card? As Philadelphia bankruptcy lawyers we hear this fear every day. Fortunately, there’s good news. Typically, credit card offers come pouring in directly after your discharge. There are several reasons. First, your credit score…

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Department of Education Evaluates Undue Hardship

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Student loans are incredibly difficult to discharge in bankruptcy. There was a time when you couldn’t discharge them at all. Eventually, undue hardship provisions offered a way forward for some borrowers. As Philadelphia bankruptcy attorneys, we’ve been pleased to help a few of our clients escape the difficulties associated with an excess of student loan debt.…

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Modifying Your Home Loan While in Bankruptcy

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Many clients who are trying to save their homes try loan modification before they try bankruptcy. It’s not a bad idea. The problem is, many banks turn loan modification into a frustrating, slow-moving, labyrinthine process. Often, the process does not move fast enough to protect a homeowner from foreclosure on its own. Back payments and…

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New Jersey Tops the Nation for Foreclosures

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Many people think of the 2008 housing crisis as something which came and went over the course of four years. Over and done with. For some, however, the nightmare never stopped. The 2017 statistics are out, and they place New Jersey at the top of the nation for the number of foreclosures that took place…

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Federal Courts: Foreclosures Must Comply with FDCPA

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If you are in the middle of a foreclosure proceeding at some point there’s a good chance you’ll stop receiving notices from your bank. Instead, you’ll be receiving notices from whatever foreclosure attorney represents your bank as they move through the steps required to relieve you of your home. Though it has been a hotly…

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