When to File Bankruptcy in Pennsylvania or New Jersey
Signs It’s Time to File for Bankruptcy in Pennsylvania and New Jersey Signs it may be time to file for bankruptcy when all your debts grow beyond what your income and assets can reasonably handle. If bills, collection action, and rising credit card balances create circumstances you can’t recover from, deciding when to file bankruptcy […]
Deferment vs Forbearance
When it comes to forbearance vs deferment, both deferment and forbearance terms describe a pause or delay in payment obligations. However, deferment and forbearance are different. The difference between deferment vs. forbearance is that deferment typically means there is an approved delay where interest, penalties, and obligations are suspended for a defined period for specific […]
What Can You Not Do After Filing Bankruptcies?
You have filed for bankruptcy, and your confirmation hearing is complete. Now you may ask yourself, “What can you not do after filing bankruptcies?” At Sadek Bankruptcy Law Offices, we help clients throughout Pennsylvania and New Jersey understand the limitations and obligations that come after bankruptcy. We also help guide them toward steps that protect […]
COVID-19 and Bankruptcy Considerations
COVID-19’s Impact on Bankruptcy The coronavirus pandemic has left many individuals and families struggling with mounting debt, making it harder to stay afloat financially. Whether you’ve lost a job, faced business closures, or dealt with unexpected medical expenses, you’re not alone in feeling the weight of these challenges. If you’re considering a fresh start through […]
How Much Does it Cost to File Bankruptcy in Philadelphia?
This answer does depend on the Chapter of Bankruptcy, whether a Chapter 7 or Chapter 13 and the complexity of the matter as well, but generally legal fees and costs prior to filing are around $2,000 in Philadelphia.
Will I Lose My House if I File Chapter 13 Bankruptcy?
Falling behind on mortgage payments creates stress that’s hard to ignore, especially when your home is at risk. Will I lose my house if I file Chapter 13 bankruptcy? This is one of the most common questions individuals ask to prevent foreclosure. The answer depends on how the bankruptcy process is managed and whether the […]
When to Hire a Bankruptcy Lawyer
Have you been wondering when to hire a bankruptcy lawyer? If the bills are piling up, debt collectors won’t stop calling, and it feels like there’s no end in sight, you have options. For many individuals and families across Pennsylvania and New Jersey, knowing the right time to seek legal help has made all the […]
How Much Equity Can I Have in My Home and Still File Bankruptcy?
Table of Contents Understanding Home Equity in Pennsylvania and New Jersey Bankruptcy Filings Struggling with debt and worried about losing your home? One of the most pressing questions for homeowners considering bankruptcy is, “How much equity can I have in my home and still file Chapter 7 or Chapter 13?” Your home is one of […]
How Bankruptcy Can Help Philadelphia Consumers Get A Fresh Start
Bankruptcy is a legal process that helps people get rid of their debts and start over. It is designed to give consumers who are overwhelmed with debt a fresh start. In Philadelphia, bankruptcy can be a powerful tool for those struggling to make ends meet. This article will explore how bankruptcy can help Philadelphia consumers […]
How Long Does It Take To File Bankruptcy?
How Long Does Bankruptcy Take? Compared to many other areas of law, bankruptcy is a very quick and powerful process for the filers. But exactly how long does it take to file bankruptcy? Generally speaking, the Chapter 7 Bankruptcy process can be completed within four months of filing. A Chapter 13 Bankruptcy, which involves a […]
Why Was My Bankruptcy Dismissed & Can I Re-File?
Sadek Bankruptcy Law Offices has over 60 years of combined experience in filing Chapter 13 matters in the Bankruptcy Courts for the Eastern District of Pennsylvania and the District of New Jersey. The Eastern District of Pennsylvania includes Philadelphia, Bucks, Delaware, Montgomery, Chester, Berks, Northampton, and Lehigh Counties. The District of New Jersey includes every […]
Ways to Cut Your Expenses And Get Out of Debt on a Low Income
You’re not alone if you struggle to pay off your credit card debts. In 2022, the average American household holds nearly $9,000 in credit card debt. You were figuring out a way to spread out a low income-is always challenging. However, these seven steps may help you find your way out of debt. 1. Figure […]
What Happens if My Cosigner Files for Bankruptcy?
When you’re feeling insecure, filing for bankruptcy is a significant and stressful time. If one of your cosigners or guarantors decides to file for bankruptcy, this can contribute to more complications. You can get your financial life back on track with the proper knowledge and support team. Here’s what you need to know about cosigning […]
Debt Negotiation – What are the advantages of working with a Debt Negotiation Attorney?
Are you struggling to make minimum payments on your credit obligations? Are you facing relentless harassment calls from debt collectors? If you’re unsure how to alleviate your financial stress, you’re not alone. Hundreds of hard-working Philadelphians grapple with debt every day. Due to a relatively low average wage in the area, many still may not […]
What Can You Do If A Debt Collector Violates The FDCPA?
If you’re facing debt collector harassment, you’re not alone. It’s a widespread problem. Fortunately, there are things you can do to stop creditor harassment and protect your rights. The first step is understanding your rights under the Fair Debt Collection Practices Act (FDCPA). The FDCPA is a federal law that protects consumers from certain types […]