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.
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? — […]
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 […]
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 […]
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 […]
The Connection Between Bankruptcy and Divorce
Bankruptcy generally takes precedence over divorce. Your bankruptcy filing is specific to your credit report and social security number, in other words your bankruptcy filing does not impact your spouse’s credit. You can file bankruptcy without your spouse’s consent. If you are living in the same household you should know that is likely required that […]
Top 3 Reasons Not To Reaffirm a Mortgage in Bankruptcy
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Bankruptcy debtors should not reaffirm a mortgage. Reaffirmation of debt in bankruptcy prevents the debt from being discharged, a process explained in greater detail by Kevin Gipson in Chapter 7 Bankruptcy and the Reaffirmation Agreement. Yet, lawyers continue to debate whether to reaffirm a mortgage, without […]
Bankruptcy and Divorce: What to Expect Before, During and After Filing
Stark & Stark Family Law Seminar Series Wednesday, June 8, 2016 from 5:30 PM to 6:30 PM (EDT) Marlton, NJ Bankruptcy and Divorce: What to Expect Before, During and After Filing June 8, 2016,5:30-6:30pm Refreshments to follow This presentation will discuss what to expect during a divorce that involes bankruptcy at all stages. Our co-host […]
