Top 7 Reasons to Consider Filing for Bankruptcy

bankruptcy attorneys pa

Over the years, our Philadelphia, Pennsylvania based Bankruptcy law firm has filed thousands of consumer bankruptcy cases.  In each case, the goals of our clients have been fairly similar; to achieve a fresh financial start or to reorganize their financial affairs. Although our clients financial goals are similar, the reasons they seek our assistance varies […]

New Mortgage Rules to go into Effect

The Consumer Financial Protection Bureau, stemming from the 2010 Dodd Frank Act, was implemented for the purposes of educating the borrowing public and to ensure that future extensions of credit are suitable for the borrower(s). On January 10, 2014 a new set of standards will go into effect targeting the mortgage industry, specifically the origination […]

Can I Purchase a Home after filing Bankruptcy?

Can I Purchase a Home after filing Bankruptcy? The answer to this question, is the too frequent legal answer, “It Depends.” Credit scores a/k/a FICO scores and interest rates are in an inverse relationship, meaning, the higher the credit score, the lower the interest rate. Our credit scores are the lead factor in determining 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 […]