Discharging Student Loans in Bankruptcy

bankruptcy chapter 7 pa

Whether you approach the issue from the perspective of a parent, a student, a lender, a politician, or a university or college, student loan debt has been a hot topic during the past several years – and if current trends are any indicator, the issue is unlikely to resolve in the near future, especially not […]

Removing a Second Mortgage in Bankruptcy

In BANK OF AMERICA, N. A. v. CAULKETT the Supreme Court of the United States recently issued an opinion in a case regarding the removal of a second mortgage through Chapter 7 Bankruptcy.  In that case the Bankruptcy Debtors were ultimately unable to completely or partially reduce their second mortgage. The rule the Court sited […]

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 […]

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 […]

Weak Economy = More Bankruptcy? Think Again.

It has been nearly four years since the Bankruptcy laws were amended by the federal government.  Bankruptcy law is and continues to be a viable option for many individuals, married couples and businesses alike.  On a daily basis Sadek Law Offices, LLC, by virtue of bankruptcy laws and protections continues to discharge credit card debt, […]