COVID-19: Bankruptcy Filing
COVID-19 is an unprecedented situation and the resulting financial uncertainty is a stressful and troubling position to be in. Thankfully, there are many bankruptcy options available for those that are struggling.
Celebrities declare bankruptcy too
Some of the most famous and well-known actors, business people and socialites have filed for bankruptcy.
Bankruptcy and repossession
Filing for bankruptcy may seem intimidating, but Chapter 13 and Chapter 7 can help you and your future. These provide the opportunity to reset your financial status and even gain back repossessed items.
5 Post Bankruptcy Tips to Remain Debt Free
After filing bankruptcy, you can follow these 5 tips to remain debt free and continue enjoying your financial freedom.
Should I reaffirm my Mortgage Debt After Bankruptcy
The primary advantage of reaffirming a mortgage is accelerating an increase in credit score(s) after a bankruptcy discharge.
Sadek Chosen as Top Philadelphia Bankruptcy Attorneys
Sadek Bankruptcy Law Offices Chosen as Top Philadelphia Bankruptcy Lawyers Sadek Bankruptcy Law Offices Law Offices has been recognized by My Fox Philly’s MojoAwards as the top rated bankruptcy law firm in the Philadelphia area. The Mojo competition is conducted weekly, highlighting a different type of business each week. Since the competition for best bankruptcy […]
Don’t delay contacting a Philadelphia Foreclosure Defense Attorney
Philadelphia Foreclosure Defense Attorney It is too common for our office to receive a phone call from a homeowner the day of or before a real estate mortgage foreclosure sale or real estate tax sale inquiring whether they may save their home from auction. Generally speaking, the closer to the auction of real estate the […]
Motion for Relief from Stay in Chapter 13 Bankruptcy
A Motion for Relief from the Automatic Stay imputed in bankruptcy is filed by a Creditor, usually a mortgagee or automobile lender, and alleges that the Petitioner in Bankruptcy has fallen behind on post-petition mortgage or vehicle payments. For example, if a Petitioner files a Chapter 13 Bankruptcy Plan and fails to make their post-petition […]
Chapter 7 Bankruptcy as a First Option, Not a Last Resort
A recent blog by Steve Rhode of Huff Post was titled “Why a Chapter 7 Bankruptcy Should Be Your First Option and Not a Last Resort.” It discussed the financial benefits of exploring bankruptcy first in order to best address relieving debt. In Philadelphia and its surrounding counties, those dealing with credit card debt, collection […]
Business Bankruptcy and Social Media Accounts
On April 3, 2015 it was decided that social media accounts may be deemed property of a bankruptcy estate. The principle was confirmed in the bankruptcy matter known as In re CTLI, LLC (Bankr. S.D. Tex,. Apr. 3, 2015). The facts of the case were that the Chapter 11 Business Debtor doing business as Tactical […]
Improve Credit Score After a Bankruptcy Filing
One of the most common questions I receive is “How can I improve my credit after a bankruptcy filing?” My advice involves making timely and regular payments on a mortgage or rent, a vehicle if the Petitioner owns one and equally important, not incurring any new debt after a bankruptcy filing. Further, our firm recommends […]
2014 Year in Review
With our growing and busy practice, it is rare that we have time to reflect on the past year and look forward to progressing into 2015. In 2014, Sadek Bankruptcy Law Offices expanded in both personnel and office locations. In 2014, our firm welcomed two new staff members. In May of 2014, our office hired […]
Modification of a Chapter 13 Bankruptcy Plan
A Chapter 13 Bankruptcy repayment plan lasts between 36 and 60 months. During that period of time there are many events that may happen which may diminish or enhance one’s ability to repay their creditors under a Confirmed Chapter 13 repayment plan. Change in circumstances that are cause for a modification of a confirmed bankruptcy […]
What to bring to the Bankruptcy Hearing
In every bankruptcy case, whether a Chapter 7 Bankruptcy matter or a Chapter 13 Bankruptcy matter, the petitioner must attend a 341 Meeting of Creditors. I most recently wrote a blog entry regarding the 341 Meeting and the questions most frequently asked at the Meeting on August 31, 2012. In this blog, I would like […]
Credit Reports and Charge Off
It is common for a debt to be listed as a “charge-off” on a credit report. Some consumers have mistakenly viewed a charge-off as a positive indicator on their credit report, because the phrase charge-off may be interpreted as the consumer no longer owes or is responsible for payment of the debt. In fact, the […]