Lending Tree recently performed a study on the cost of bankruptcy and applying for credit after bankruptcy. Read the complete study here.
How to raise your credit score after bankruptcy
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Q. I have a 525 credit score. I own a house, car and truck with all my other debt paid off the in last three months, and I have a bankruptcy coming off after 10 years in March. What should I expect for a score? — […]
Annual Holiday Luncheon 2017 – Law Offices of Lee M. Perlman
Our staff enjoying some well deserved holiday festivities at our annual, always anticipated, holiday lunch This year everyone really loved the great food, and company of course, at Cherry Hill’s Farm and Fisherman restaurant.
Navigating the Financial Side of a Relationship
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Couples can fight about anything, it’s just a fact of relationships. But arguments about money have a tendency to be particularly toxic, since they’re layered with deep emotional and personal history. In fact, researchers have shown there’s a direct relationship between the number of times a […]
The Reasons More Older Americans Are Filing For Bankruptcy
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Ada Noda was an 80-year-old great-great grandmother when, in 2008, medical bills from her 2004 emergency open-heart surgery were more than she could ever afford. She ultimately filed Chapter 7 bankruptcy. Now, nine years later, the feisty widowed matriarch from St. Augustine, Fla. says her decision […]
Debt Restructuring
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. If you’re struggling under the weight of your debt, you may have heard of debt restructuring as a way to get some relief. You may have even heard that you can get some of your debt forgiven through the debt restructuring process, allowing you to get […]
Bankruptcy timeline: Rebuilding credit
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman You’ve filed for bankruptcy. Now it’s time to start rebuilding your credit. It will be hard to get credit at the start, but it won’t be impossible. The bankruptcy on your record means you will have to pay more to borrow money, since you’ll probably be […]
What is a loan modification?
A modification to an existing loan made by a lender in response to a borrower’s long-term inability to repay the loan. Loan Modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three. Why would someone need a loan modification? If you […]
What to Do if You Have Medical Debt
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman The share of people with medical debt has fallen in recent years, but past-due medical bills remain a stubborn burden, especially among younger adults, according to reports published this month by the Urban Institute. “It’s more common than you think,” said Signe-Mary McKernan, a senior fellow […]
What are errors that show up in credit reports?
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Errors in credit reports may occur. Some common errors are: Identity errors: Errors made to your identity information (wrong name, phone number, address) Accounts belonging to another consumer with the same or similar name as yours (this mixing of two consumers’ information in a single file […]
