Posts by Brad Sadek, Esquire

Strategies to Stay Financially Secure During the Holidays

The holidays are upon us, and we at Sadek & Cooper want to see you overcome the financial challenges that they may bring.  Whether it is buying gifts for loved ones, paying for travel expenses, or hosting dinners for extended family, the holidays involve spending.  Many people rely on credit cards to make ends meet…

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Top 3 Financial Websites

As a debt relief attorney that deals with people in financial distress, I believe it is extremely important for my clients to educate themselves about credit, savings, consumer lending practices and trends.  For bankruptcy purposes one must complete a credit counseling course and a debtor educational course.  These courses are about 30 minutes long each…

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Do I need a Bankruptcy?

Bankruptcy, like most legal services is something that people generally do not want to do.   When finances are no longer manageable, bankruptcy is something that people need to do.  Most people have heard the word “Bankruptcy,” but are unsure when to consider a Bankruptcy filing.  Below are a few examples of the situations we…

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Why Bankruptcy isn’t as Scary as You Think

Quakertown, PA Foreclosure Lawyer

The term bankruptcy usually comes with a negative perception. Many people automatically think financial ruin, business closures, and tarnished credit. And of course, no one starts a business or begins a career hoping for bankruptcy, but in reality, it can actually be a very positive thing for the filer. The problem is most people don’t…

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Does Timing Matter When Filing for Bankruptcy?

Quakertown, PA Bankruptcy Lawyer

Not everyone who is struggling with debt needs to file bankruptcy. But there are a number of reasons why someone may consider it. While medical debt tops bankruptcy cases in the US, credit card debt, mortgage debt, and a failed business are other common motivators for filing. If you fall under one of these categories…

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The Three Types of Debt Borrowers Should Understand

All of your debts fall into one of three categories, and different bankruptcy chapters treat them differently. Knowing the types of debt you’re carrying can help you and your attorney make strategic decisions. They won’t be the only determinant of which chapter you file. You still can’t file Chapter 7 if you don’t pass the…

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In the News: Relief for Veterans

This year, the passage of the HAVEN Act brings new relief to veterans who are facing financial distress. The abbreviation stands for “Honoring American Veterans in Extreme Need,” and corrects a major problem faced by military borrowers. Prior to the passage of the act, bankruptcy courts could use the Department of Defense disability payments to…

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In the News: Discharge vs. Arbitration

Recently, a judge in the Eastern District of Pennsylvania made a ruling which could impact any Pennsylvania resident who has signed arbitration agreements with any creditor. “On September 17, the Eastern District of PA granted a creditor’s request to compel arbitration over a plaintiff’s argument that the arbitration agreement he had signed was void as…

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Medical Centers Growing Aggressive About Debt Collections

Medical bills have been a leading cause for bankruptcy cases for a long time. Over half of most people’s unpaid debt comes from medical bills. But in some parts of the country, hospitals are all but forcing bankruptcies with aggressive debt collection practices that leave former patients in dire straits. Many hospitals have generous financial…

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