Landlords and debtors are ready to start collecting missed payments. While this news is disheartening, there is still hope. If you are behind on rent or mortgage payments, now is not the time to give up.
For many individuals, filing for bankruptcy has been the only hope they have for regaining their financial footing and keeping their homes. For those who have filed or are going to fill for bankruptcy, questions about the way that COVID-19 stimulus checks may affect the process weigh heavily on their minds.
Learn about the Philly Labor Debt Relief Program and other helpful financial tips for families suffering due to COVID-19.
Suffering from debt and trying to figure out what to do? Looking for a debt relief program? Find out answers to these questions and more in this conversation with attorney Brad Sadek.
Have any questions about your stimulus, creditors, or your financial options in these uncertain times? Watch (or read) the following conversation with attorney Brad Sadek as he answers all of the above.
Some of the most famous and well-known actors, business people and socialites have filed for bankruptcy.
1. Do Not Incur Post Bankruptcy Unsecured Debt Whether you have filed for a Chapter 7 Discharge or a Chapter 13 Reorganization of debt, potential lenders will most likely send offers for new credit. Potential lenders target Petitioners post bankruptcy because their finances are under control. The offers of credit are usually in the form […]
We live in difficult economic times. It is often beyond one’s control if he or she loses a source of income, or has a family financial emergency that makes it difficult or impossible to pay all the bills in a given month. For instance, if the inability to make your required credit card payments continues, […]
A reaffirmation agreement is entered between the Petitioner in Bankruptcy/borrower and a secured lender prior to a discharge in Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. A reaffirmation Agreement is signed by the Debtor and Lender and filed with the Bankruptcy Court and most importantly waives discharge of the mortgage or otherwise secured debt. The […]
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 […]