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 […]

Intersection of Divorce and Bankruptcy

Bankruptcy and Family Law issues often go hand in hand. Financial difficulties can often result in divorce and vice versa. Keeping that in mind, it is important to be aware of the numerous ways in which your or your spouse’s bankruptcy can potentially affect your or your spouse’s ability to pursue and obtain a divorce.