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 […]
Better bankruptcy laws could save your life
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman In recent years, political and economic circles have engaged in much debate—and handwringing—over rising income inequality and the future of entitlement programs like Social Security, Medicare, and Medicaid. And these two issues are inextricably linked, as programs like Social Security can help lessen income inequality by […]
Why I Do Pro Bono Work by Lee M. Perlman, Esquire
I really enjoy doing pro bono work. For me it is the best kind of volunteer work because it is what I do best every day and enjoy while helping others. Having handled pro bono cases for over 20 years, I have found that the more you volunteer the more energizing it can feel. Handling […]
6 Tips for Avoiding the Worst Student Loan Repayment Traps
Submitted by New Jersey Bankruptcy and Student Loan Debt Lawyer, Lee M. Perlman. Whether or not you believe the allegations, the jaw-dropping dossier of sins that the Consumer Financial Protection Bureau accuses the nation’s largest student loan servicer of committing is useful for two crucial reasons. First, it’s a reminder of just how much can […]
