Posts by Brad Sadek, Esquire

Should Government Employees Consider Filing for Bankruptcy?

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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…

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In the News: The Government Shutdown and Bankruptcy Court

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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…

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Don’t Let These 5 Bankruptcy Myths Lead You Astray

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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…

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In the News: Boy Scouts May File Bankruptcy

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If you’ve been struggling with the moral implications of filing for bankruptcy, struggle no more. After all, the Boy Scouts of America are known, among other things, for being “thrifty, brave, clean, and kind.” Yet even that famous BSA thrift hasn’t stopped them from needing to consider a Chapter 11 bankruptcy. Though the organization hasn’t…

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How Hard is It to File Chapter 7?

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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…

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What Is An Emergency Bankruptcy Filing?

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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…

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Your Bankruptcy Checklist

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If you’re thinking about filing for bankruptcy in the near future there are some steps you should take to get prepared. Following this checklist will make the entire process go a lot smoother. Step 1 – Stop taking out new debt. Stop using your credit cards and don’t apply for any more accounts. Spending too…

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End Debt, Save Your Marriage

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Financial problems are the number one reason why people get divorced. In fact, some experts even suggest waiting to get married if you are carrying a lot of debt. Obviously not an option if you’re already married, struggling, and in trouble. Why does debt make couples fight? You certainly don’t walk into a financial conversation…

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How to File Chapter 7 With No Money

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If you’re contemplating bankruptcy you’re aware court fees and lawyer’s fees are most likely in your future. This concern keeps a lot of people from filing bankruptcy when they should. If you’re afraid bankruptcy will cost more than you can pay, read on. Recognize this form of bankruptcy is already designed for people with low…

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