Posts by Brad Sadek, Esquire

Can I File Bankruptcy With a Reverse Mortgage?

ReverseMortgage 1024x683 - Can I File Bankruptcy With a Reverse Mortgage?

If you’re one of the many seniors who is exploring the possibility of bankruptcy and you’ve got a reverse mortgage, this is an important question to ask. The short answer is you can file for bankruptcy. The long answer is: but it can get complicated. Here are some questions you should be asking yourself, and…

Read More

5 Things You Should Know About Collection Agents

CollectionAgent - 5 Things You Should Know About Collection Agents

Collection calls are annoying. They’re stressful. They’ve been known to reduce strong individuals to tears, and they’ve been known to wring money out of people who will have to go without groceries or medicine to satisfy them. That’s why it’s extremely important to realize what you’re dealing with. And what your rights are. #1) Collection…

Read More

Should I Pay Any Debts During the Automatic Stay?

PayInvoice - Should I Pay Any Debts During the Automatic Stay?

One of bankruptcy’s best powers is its ability to grant you relief from creditor actions through the legal method known as the Automatic Stay. The automatic stay keeps creditors from contacting you or taking any legal action against you. For many borrowers, that means you’re not going to write another check to most of your…

Read More

What Happens to My House During Bankruptcy?

house 3050112 640 - What Happens to My House During Bankruptcy?

If worries about your house are keeping you from filing for bankruptcy, you are not alone. Lots of people are afraid that bankruptcy automatically means losing the house.  In truth, much depends on your bankruptcy strategy. And developing the right one will mean asking a series of important questions.  Are you current on your payments,…

Read More

Is Using a Bankruptcy Petition Preparer a Good Idea?

laptop 3175111 640 - Is Using a Bankruptcy Petition Preparer a Good Idea?

When you’re in a state of financial distress it’s natural to become overwhelmed with the idea of spending any money at all. So it’s no big surprise that some people turn to “petition preparation services” to try to file their bankruptcy. But these services can be as bad, if not worse, than trying to go…

Read More

Will Bankruptcy Stop Me From Getting a Small Business Loan?

open sign 1617495 640 - Will Bankruptcy Stop Me From Getting a Small Business Loan?

If you’ve got an eye on an entrepreneurial venture, the thought of filing for bankruptcy might be especially scary. Will bankruptcy kill your dreams of business ownership for good? The short answer: “Probably not.” The long answer takes a little more explanation. Your personal credit score will improve. Sure, the narrative the credit card companies…

Read More

What Are the Steps of a Chapter 7 Bankruptcy?

accountant 4008603 640 - What Are the Steps of a Chapter 7 Bankruptcy?

It is always hard to take a step when you don’t know what’s going to happen. That’s why we wanted to take the time to walk you through the steps of a Chapter 7 bankruptcy. This can also help you get prepared for the bankruptcy process so that you reap the maximum amount of benefit…

Read More

Why People File for Bankruptcy

hypertension 867855 640 - Why People File for Bankruptcy

While many people would like to dispute it, numbers don’t lie. The American Journal of  Public Health recently ran a study which discovered medical debt accounts for 66.5% of all bankruptcies. See also: Tips for Tackling Medical Debt. Student loans account for 32%. That means only 2% of bankruptcies are caused by credit card debt.…

Read More
Call Now Button