Submitted by New Jersey Bankruptcy Lawyer, Lee. M. Perlman After a recent client meeting, I realized just how impactful financial conversations can be. It is truly amazing to see positive changes in a family’s life after what seems like a relatively straight forward, simple conversation. I met with this couple almost a year ago and […]
A Student Loan System Stacked Against the Borrower
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. “It feels like I’m being set up to fail.” That’s how Patrick Wittwer, 31, described his experience trying to repay his roughly $50,000 in student loans. Between misdirected payments by one of the companies servicing his loan and the abusive collection tactics he encountered when he […]
7 Bad Financial Habits and How to Fix Them
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman Most of the modern world is built on a foundation of credit. We have credit readily available for just about everything. Want to buy something? No need to wait, just take out a loan. But this very foundation at the core of the economic machine can […]
Think Students Can’t Declare Bankruptcy? Think Again
Bankruptcy is supposed to give debtors a fresh start—unless they’re struggling with student loans. But a little-known provision is helping these borrowers take their creditors to court. Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. In 2005, Chuck Stewart’s life had come to a screeching halt. His partner was in the hospital with a […]
5 ways to avoid predatory student loan scams
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. If you’ve got student loans, chances are you’ve seen an email or Facebook ad that says something like this: “Call now to qualify for President Obama’s Student Loan Forgiveness program.” Sounds official, but that voice in the back of your head saying you should probably be wary is right. […]
Life After Bankruptcy: When and How Your Business Can Get Its Financial Groove Back
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. When you’re in the trenches of a financial failure, filing for bankruptcy can feel like the end of the world. Your business has failed. You may feel like your career is over, like your life is ruined. But if you take a step back, evaluate your […]
Fannie Mae Lowers Mandatory Waiting Period After Bankruptcy, Short Sale, & Pre-Foreclosure
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. Mandatory Waiting Period Reduced To 2 Years It’s getting easier to get approved for a mortgage. Following in the FHA’s footsteps, Fannie Mae has reduced the mandatory waiting period for a mortgage after bankruptcy, short sale, or pre-foreclosure. Borrowers no longer need to wait 4 years […]
11 myths about student loan forgiveness
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your options, keep in mind that everything you read (or hear — even […]
7 free apps that help you save money without thinking about it
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman Raise your hand if you want to save more. Okay, keep it raised if you feel like there just isn’t enough time to figure out your budget or calculate how much you should be putting away. Well, all that is about to change. There are tons […]
Student loan debtors using Chapter 13 bankruptcy to buy time on payments
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. By Tim Grant / Pittsburgh Post-Gazette David King grew up on public welfare as a young man in Ambridge. Five years ago, he got married and moved his wife into a low-income housing project in Imperial. He was only earning $7.40 an hour at a part-time job. […]
