Learn how long it takes to get an FHA, VA, USDA, or conventional mortgage loan after Chapter 7 or Chapter 13 bankruptcy. Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. Filing for bankruptcy doesn’t have to put a damper on your home buying dream—at least not for long. Lenders have eased requirements, opening the […]
This Is What Happens To Your Debt When You Die
There’s a chance your family could be on the hook for it. Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. If you own valuable assets when you die, that can be a bright spot during an otherwise incredibly difficult time for your loved ones who stand to inherit. But if you also have a […]
New Jersey man fights to keep his house, seeks reversal of $12.5M ruling in junk fax suit
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman LITTLE ROCK, Ark. (Legal Newsline) – A New Jersey man whose business is in Chapter 11 bankruptcy and who might lose his home is fighting a $12.5 million judgment against him in an Arkansas court because of what he maintains was the innocent sending of a […]
‘Too Little Too Late’: Bankruptcy Booms Among Older Americans
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman By Tara Siegel Bernard Aug. 5, 2018 For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for […]
For some consumers, bankruptcy is the solution to crushing debt
Although student loan debt is difficult to discharge in bankruptcy, most other forms of consumer debt can be eliminated or reduced. One of the biggest downsides to bankruptcy is the hit to your credit report, because it remains there for seven to 10 years. Consulting with a bankruptcy attorney — often for free — can […]
My Husband Got Secret Credit Cards and Maxed Them Out
What to do when your partner ruins their credit — and credibility. Here’s how to fix financial infidelity. Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. By Cheryl Strayed and Steve Almond April 17, 2018 Dear Sugars, My husband and I are both 30. We’ve been married five years. Several months ago, we decided […]
Personal bankruptcy is not a rich people problem
By Jana Kasperkevic • Apr 10, 2018 Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. When we think of bankruptcy, we often think of celebrities who have gone broke, companies that failed and crooks who are trying to cheat the system. But as it turns out, bankruptcy is most common among middle-class Americans. On […]
Obtaining Different Types of Credit after a Bankruptcy
Lending Tree recently performed a study on the cost of bankruptcy and applying for credit after bankruptcy. Read the complete study here.
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 […]
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 […]
