Published in New Jersey Law Journal February 15, 2020 In this unique moment in time, bankruptcy practitioners and consumer protection counsel can, and should, work together and use their concerted expertise to move beyond the discharge. By Joshua Denbeaux, Lee M. Perlman and Heidi Spivak | February 11, 2021 at 12:00 PM With 2020, with its […]
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 […]
Covid-19, the CARES Act & Bankruptcy – What has changed?
Attorney Bill Colarulo is joined by Bankruptcy Attorney Lee M. Perlman to discuss Covid-19, the CARES Act & Bankruptcy. Specifically, the following areas are addressed: ✅What is bankruptcy and what are the different types available to individuals? (Chapter 7 and Chapter 13) ✅What effect does bankruptcy have on someone’s credit? ✅Foreclosures & the CARES Act […]
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 […]
When Can I Get a Mortgage After Bankruptcy?
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 […]
‘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 […]
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 […]
