Bankruptcy and Mortgage Modification
Most homeowners who have defaulted on their mortgage have heard the term or tried for a “Modification of Mortgage,” in short a modification. A modification is a change of the terms of the original mortgage agreed to by the lender and borrower. A Mortgage modification is likely to include the following: Reduction in interest rate […]
Steps Prior to Filing for Bankruptcy
Filing bankruptcy is not something people want to do, rather something they have to do for various different reasons. When a person or married couple makes the decision to file for bankruptcy there are a few guidelines they should follow to make the bankruptcy procedure as easy and quick as possible. 1. Consult with an […]
How much does a bankruptcy cost?
There is no doubt that a person files for bankruptcy when they are not in the best financial position. Accordingly, a question that we are asked daily is “How much are bankruptcy fees.” First, the court filing fees including credit counseling, debtor education and a credit report total about $400.00 for a Chapter 13 and […]
Unsecured Debts in Chapter 13 Plans
Chapter 13 Bankruptcy filers generally have to pay a regular monthly payment to the Chapter 13 Trustee. The subject monthly payment is determined by the amount necessary to cure mortgage arrears over a period of up to 5 years or disposable monthly income, in the event any exists. The Bankruptcy Code strictly regulates for the […]
Stripping Unsecured Junior Liens
On or about January 17, 2012, Sadek Law Office filed an adversary proceeding against a major mortgage servicer for among other things, stripping a wholly unsecured junior mortgage lien. The subject real property at issue was valued less than the first mortgage amount of $180,000.00 thereby deeming the second mortgage lien as “wholly unsecured.” Through […]
Sadek Law Offices, LLC 2011 Year in Review
As the year 2011 comes to an end I, Brad J. Sadek, managing attorney, would like to extend thanks to our staff of attorneys and paralegals for another successful year. Further, I would like to extend my gratitude to our clients whom we get the pleasure of providing legal assistance to. As we enter our […]
Wage Garnishment Pennsylvania
Pennsylvania Bankruptcy
Philadelphia Bankruptcy Lawyer
Reasons to file Chapter 13 Bankruptcy in Pennsylvania
Philadelphia, PA Chapter 13 Bankruptcy
New Bankruptcy Median Income Standards
Pennsylvania Bankruptcy Median Income Standards
Protection for Federal Income Benefits
Bankruptcy Lawyer Philadelphia
Chapter 13 Hardship Discharge
Chapter 13 Bankruptcy Discharge Philadelphia
Cramming Down and Lien Stripping in Chapter 13 Bankruptcy
Chapter 13 Bankruptcy Lien Stripping and Cramming Down
Chapter 13 Bankruptcy Debt Limits
Chapter 13 Bankruptcy Debt limits
Creditor Objections in Bankruptcy Filing
Many of the bankruptcy cases and referrals that Sadek Law Offices, LLC handles involves litigation ancillary to a bankruptcy filing. The litigation is usually commenced by a bankruptcy creditor filing a motion for relief from the automatic stay imputed by virtue of section 362 of the Bankruptcy code. It is statutory law in Bankruptcy law […]
Steps to Getting a Mortgage
Mortgages, Bankruptcy