Bankruptcy and NFL Draft

This Thursday, April 30, 2015 is the NFL Draft. There, college players who lack any experience but have the world of potential will receive millions of dollars to play the game they love. It sounds great, but, a recent article in the April 15, 2015 edition of the Washington Post suggests otherwise. The article states […]

FHA Back to Work Mortgage Program

Recently, the Federal Housing Administration moved to relax its guidelines and expedite the waiting period to secure a mortgage for borrowers who “experienced periods of financial difficulty due to extenuating circumstances”. The program exemplifies the FHA’s willingness to help those who have endured a financial situation beyond their control. The program is generally known as […]

The Omitted Creditor in Bankruptcy?

This blog stems from a Chapter 7 client who asked “What happens if a creditor is not listed?” It is Sadek Bankruptcy Law Officess’ common practice that prior to a bankruptcy filing we review a 3 source credit report and collect all bills from our clients to ensure all creditors are listed on a Bankruptcy […]

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 […]

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.

Credit Card Accountability, Responsibility and Disclosure Act (“CARD”)

This post will serve as a follow-up to the August 21, 2009 post regarding new CARD laws.  On February 22, 2010 the next wave of CARD laws go into effect.  The new enactments focus on credit card laws and regulations to improve consumer awareness and financial management.  The four (4) principal changes going into effect on […]