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Steps to Take When Your Bankruptcy Case is Dismissed

One of the worst outcomes any debtor could deal with is having their bankruptcy case dismissed. And it can happen to anyone, even celebrities. For example, music star Lil’ Kim dealt with a possible bankruptcy dismissal this summer after a trustee rejected her Chapter 13 repayment plan. A dismissal is bad because it means all…

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6 Things to Get Together Before Filing for Bankruptcy

As Philadelphia bankruptcy lawyers we often see some cases go south because of problems with the disclosures all debtors are required to give during the process. From forgetting to include a creditor to failing to disclose an asset, these oversights can slow down your case at best and see you convicted for bankruptcy fraud at…

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What You Need to Know About Being Sued for Debts in New Jersey

Our bankruptcy practice covers New Jersey as well as Pennsylvania. In the past we’ve already discussed being sued for debts in Pennsylvania. We thought it would be a good idea to cover New Jersey here on our blog as well. Unlike Pennsylvania, New Jersey is not a kind and friendly place to be caught up…

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5 Things Bankruptcy Can Do for You

Though it’s sometimes portrayed as the darkest of all dark financial fates, bankruptcy is a vital part of the capitalist system and was built into our code of law for a reason. It’s a valid way to handle a debt problem that’s gotten out of control. Filing for bankruptcy is a big decision. But if…

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What You Should Know About Filing Bankruptcy in Your Golden Years

Bankruptcy among older Americans is on the rise. Seniors who have worked hard all their life and expected to enjoy a peaceful retirement often find themselves beset on all sides by medical bills, loans, and credit card bills which start eating into their nest egg and eating into their savings very quickly. Other social and…

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Are You About to Become the Victim of a Debt Collection Scam?

As Philadelphia bankruptcy attorneys we meet people who are in over their heads with bad debt every day. Some of them face calls from legitimate debt collectors. But some are also being hounded by fraudulent debt collectors. Debtors who are hounded by calls every day sometimes have trouble telling the difference, and could wind up…

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Tips for Tackling Medical Debt

Medical debt is a huge contributor to personal bankruptcy. In fact, it’s the number one reason why Americans file bankruptcy. It doesn’t take much for hospital bills to go spiraling out of control. Try these strategies if you’re struggling with medical debt. Appeal Insurance Company Decisions A denial from your insurance company can be financially…

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Received a letter from one of these entities or law firms? The foreclosure process could have started

The foreclosure process is a complex one in Pennsylvania.  It is a process that no one ever intends or desires to go through.  However, the more one knows about the process the better they can navigate the foreclosure maze and increase their chances of keeping their home for years to come.  Generally, an individual or…

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Do You Have to Be Behind on Your Bills to File for Bankruptcy?

As Philadelphia bankruptcy attorneys the most common mistake we see people making is waiting too long to file bankruptcy. Fear keeps a lot of people from facing their financial situation head on and seeing it for what it is. Most people wait until every bill is behind schedule, interest is accruing at an alarming rate,…

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Will I Lose My Stuff During a Bankruptcy?

The idea you’ll lose all your stuff in bankruptcy is perhaps the biggest misconception people have about bankruptcy, and the number one fear that ensures people wait too long to file. Plenty of clients come to our offices with visions of someone carting off everything they own in a moving van. Fortunately, that never happens.…

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9 Risk Factors that Might Make a Creditor Challenge Your Bankruptcy

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…

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In The News: Navient Student Loan Lawsuit

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…

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What is a Mortgage Cram Down?

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…

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Does the IRS Hire Private Collection Agencies?

Accruing a massive amount of debt to the IRS is one of the scariest things that can happen to a person. Private collection agencies can certainly pile on the stress. Here’s the short answer: sometimes the IRS uses private collection agencies, sometimes they don’t. Attempts to hire private debt collectors to retrieve IRS debt have…

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Income Tax Advantage of Personal Bankruptcy

Although the word bankruptcy may not sound appealing at first, there are many advantages of filing bankruptcy.  This article will concentrate on the often overlooked income tax advantage of filing Consumer Bankruptcy.  Outside of the bankruptcy realm, if a debt is forgiven or deemed uncollectible for less than the full amount due and owing, the…

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