Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. You might be saying “that is all well and good, but what happens when the defendant in a personal injury action files for bankruptcy?” What do you do? The simple answer is STOP everything. When a debtor files for bankruptcy they gain the protection of the automatic […]
Bankruptcy Is a Big Risk for Unmarried Couples Who Split Up
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. An unfortunate truth is that when someone is injured in an accident, they are almost always going to be suffering a financial hardship on top of their injuries. For this reason, you confirm the bankruptcy status of your client. Are they in an active bankruptcy? Are […]
What do Bankruptcy and Taxes have in common?
It’s tax season again and that leads us to the inevitable array of questions about what happens to your tax refund if you have, or are thinking about, filing for bankruptcy. Many people rely on their tax refund to cover large expenses. Someone who is in bankruptcy, or is thinking about it, doubtlessly wants to […]
Bankruptcy after Mortgage Forbearance and Moratoriums
For many people, the Covid-19 pandemic created an unprecedented financial sinking ship. But there are ways to get back on dry land. The government has thrown out lifelines specifically aimed at keeping people in their homes. The two most used by consumers in Covid created financial deep water are mortgage forbearance, and a moratorium on […]
Waiting Too Long to File Bankruptcy Could Leave You Stuck in the Financial Sweatbox
One year ago, the words “Covid-19” began to trickle into the nightly news. No one could have foreseen that “Covid-19” would quickly become synonymous with “global pandemic” or that it would devastate so many ordinary Americans. Our health, safety and welfare has been turned upside down. The impact cannot be minimized as Covid-19 has touched […]
10 Things Personal Finance Bloggers Need To Get Right About Bankruptcy
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Too many personal finance bloggers need to sharpen their game when it comes to bankruptcy. Personal finance bloggers do so much good promoting better financial habits and deeper understanding of money. But too often they drop the ball when it comes to bankruptcy. One, they get […]
When Does a Small Business File for Bankruptcy? And 8 More Questions
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman The coronavirus is expected to permanently shut millions of small businesses in the next several months. Here are issues for owners to consider. All the forecasts point in the same direction: A wave of small-business bankruptcies is coming. More than 40 percent of the nation’s 30 […]
What Happens To Your Brain And Body When You’re Stressed About Money
Your financial woes could literally be making you sick. Americans are stressed out. And, in many cases, money is the top cause of that stress. Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Originally published here by the Huffington Post. In fact, a recent survey by Credit Sesame found that 82% of those who […]
Why So Many 55+ People Are Going Bankrupt and How to Bounce Back
What bankruptcy means for your personal finances Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. The number of people 55 and older filing bankruptcies has skyrocketed since 1991, and that’s even more true for those 65 and older. Bankruptcy can offer a fresh start if you’ve fallen on tough times and are unable to […]
Credit Scores Trend Upward After Bankruptcy
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman After bankruptcy, credit scores go steadily up, says a 17 year study released by the Consumer Financial Protection Bureau. Got that? Go UP. Every year. Importantly, credit scores start improving the same year that the bankruptcy is filed. Think on that for a moment. Creditors and […]
