As Cognition Slips, Financial Skills Are Often the First to Go APRIL 24, 2015 Francis, 84, with his daughter-in-law, Helen Clark. He has mild dementia, and his family says his former wife took advantage of him. Credit Max Whittaker for The New York Times By TARA SIEGEL BERNARD Submitted by New Jersey Bankruptcy Attorney, Lee […]
Identity Theft Poses Extra Troubles for Children
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. The note that arrived in the mail, dated March 25 and addressed to my grade-school-age daughter, said what we had expected and feared: Like tens of millions of other Americans, including untold numbers of children, she may have fallen victim to thieves who gained access to Social […]
Tips for the Future Care of Disabled Family Members
Submitted by New Jersey attorney Lee Perlman. Christine Salerno is like many other single working mothers with small children, but her days are often packed with even more emotional highs and lows: Her 4-year-old daughter, Lily, with soft brown eyes and a wide smile, was found to have Rett syndrome, a rare neurological disorder, last […]
How Avoiding Bankruptcy Can Backfire
Submitted by the Law Offices of Lee M. Perlman. In the world of personal finance, credit concerns and debt issues, there is no single issue that is more misunderstood than bankruptcy. Recently the Federal Reserve Bank of New York came out with an exceptional report on the bankruptcy reform of 2005 — which made it […]
Subprime Borrowers Often Lured by High-Fee Credit Cards
UNSOLICITED credit card offers can sound especially appealing to people with blemished credit, or a sparse borrowing history, since they lack alternatives. But cards targeting subprime consumers — those with low credit scores — can get these borrowers into deeper trouble. So-called fee harvester cards offer very low credit limits, but also charge high upfront […]
Why You Should Tell Your Children How Much You Make
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. Originally published here, by the New York Times. Scott Parker once withdrew his entire month’s salary in $1 bills in an effort to show his family the value of money. Credit Jim McAuley for The New York Times When Scott Parker wanted his six offspring to know […]
NJ Bankruptcy Court Undergoing ‘Generational Change’
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. Originally published by the New Jersey Law Journal here. View the original print article here. In what one lawyer termed a “generational change,” New Jersey’s bankruptcy court is in the process of being remade due to a series of retirements and one death that by mid-2015 will […]
Are unpaid debts a military career-killer?
Military personnel who have trouble handling their personal finances can very quickly find their duty status, potential promotions and even military careers in jeopardy. And, over time, the lingering burden of debt can add stress to their personal relationships and damage their credit profile. But does that debt have to be a career-killer? Servicemembers, veterans […]
Ask These Questions to Expose a Fake Debt Collector
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. Originally published here by lifehacker.com It’s no secret that debt collectors will resort to some shady tactics to get money out of you, but what’s worse is when someone posing as a debt collector tries to get you to cough up cash you may not owe. The […]
Consumer Advisory: 7 ways to keep medical debt in check
By Gail Hillebrand Debt collection is the top complaint we’ve received since September 2013. Out of all debt types, medical collections make up 52 percent of collection accounts on credit reports, far outpacing all other types of debt. Medical collections are so widespread, that an estimated 43 million consumers with an account in collection have […]
