What Is the FHA Bankruptcy Waiting Period?
Bankruptcy and FHA Loans: What You Need to Know An FHA loan is a mortgage loan that is insured by the Federal Housing Administration. It gives first-time buyers and other borrowers a chance to buy a home with more lenient terms. However, as with many financial decisions, getting an FHA loan can be impacted by […]
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 […]
Should I Negotiate With the IRS Myself or Hire a Tax Attorney?
The Internal Revenue Service (IRS) collects trillions of dollars annually from businesses and individuals in the US alone. This money goes towards various government programs and services that help to keep the country running smoothly. If you’re like most people, you probably don’t know a lot about taxes. And if you’re trying to negotiate with […]
How Can The Latest Federal Interest Rate Increase Affect Your Money?
US citizens are facing another federal interest rate increase that could mean troubling developments for your money. Consumers and businesses are preparing to spend more money on interest payments in the upcoming months as one of the central bank’s strategies to combat inflation. By increasing the current federal interest rate, federal funds become more expensive, […]
What Military Personnel Should Know About Bankruptcy?
Armed forces personnel, like everyone else, can become overly indebted, resulting from unexpected medical bills, moving costs, or other financial issues. It is possible and legal for military personnel to file for bankruptcy in situations like this. Military personnel is allowed by law to file for bankruptcy under Chapter 7 or Chapter 13; you might […]
Declaring Bankruptcy: Debt Relief Options for Senior Citizen
Being in debt for senior citizens is a more severe problem than being in debt as young adults. Whether preparing for retirement or trying to make ends meet on a fixed income, it is true. You may need expert assistance deciding on your optimal debt-reduction approach. Filing for bankruptcy might be the easiest way to […]
How Often Can You File for Bankruptcy and Receive a Discharge?
Filing for bankruptcy and receiving a discharge can provide the fresh start you need. If you have filed for bankruptcy in the past, you may wonder if you are eligible for another discharge. A Philadelphia-area bankruptcy attorney will discuss your situation. Bankruptcy and Debt Relief You can file for Chapter 7. It requires the liquidation […]
Philadelphia Lawyer Explains Bankruptcy or Debt Consolidation: Which Is the Better Option for You?
The combined debt of US households is now over $15.6 trillion. As the cost of living rises, it can be easy to fall into the spiral of debt and soon feel you can get out. So what are the options when all else seems to fail? Debt consolidation and bankruptcy are the two main choices, […]
How to Rebuild Your Credit Score After Bankruptcy?
If you’ve recently filed for bankruptcy or are preparing to do so, you’re not alone. Believe it or not, over 434,000 Americans filed for bankruptcy in 2021, and even more in years prior. Fortunately, bankruptcy doesn’t have to be the end of the world for you or anyone else who’s filed it. With the right […]
Stop Creditor Harassment: Bring an End to Unlawful Collection Actions
Are you struggling with debt and enduring endless calls and letters from debt collectors? Creditor harassment is disruptive and puts unnecessary stress on debtors. You may have factors beyond your control that have led to your debt, and you may be working hard to pay it off. Constant reminders of what you owe are not […]
How to Deal With the Coming Wave of COVID-19 Bankruptcies in Philadelphia
In 2021, many major businesses filed for bankruptcy, such as J. Crew, Golds Gym, JC Penny, Pier 1 Imports, and more. Small companies were not exempt, and many worried that the post-pandemic trend would increase bankruptcy filings. Are you struggling with debt related to your business and thinking about filing for bankruptcy in Philadelphia? A […]
Can You File for Bankruptcy in Philadelphia, PA If You are Unemployed?
When the COVID pandemic struck in 2020, bankruptcy filings dropped by about 30%. Experts attribute this decline to stimulus checks and financial support from the government. However, the number of people seeking bankruptcy just two years later is increasing once again. Bankruptcy offers a fresh start, but it’s not an available option for everyone. If […]
Can I keep my tax return in bankruptcy?
Learn from Sadek Bankruptcy Law Offices, a local Philadelphia based law firm, if you can keep your tax return when filing for bankruptcy in this short video.
What Is the Role of a Bankruptcy Trustee?
Understanding the job of this court-appointed administrator can give debtors a better idea of what to expect during the 341 meeting and bankruptcy process.
Bucks County – stop upcoming sheriff sales
If your home is about to end up in a sheriff sale, you still have time to take action!