The conversation typically starts with something like “my friend filed chapter 7 bankruptcy and wiped out a ton of debt without paying anything!” Or, “I read online that a chapter 7 is better, so that’s what I want to file.” It’s true that filing a Chapter 7 bankruptcy case is a great way to get […]
REBUILDING YOUR CREDIT FOLLOWING A BANKRUPTCY DISCHARGE
Many people think that the act of filing bankruptcy will affirmatively prevent them from re-establishing their credit; that their life, in essence, is over, but this could be further from the truth, and, in fact, the opposite is true. A bankruptcy will not prevent you from obtaining new credit following a bankruptcy discharge. In the […]
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 […]
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 […]
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 […]
Americans Are Going Bankrupt From Getting Sick
Doctors’ bills play a role in 60 percent of personal-bankruptcy filings. Submitted by New Jersey Bankruptcy Lawyer, Lee Perlman. In April 2016, Venus Lockett was about to give a speech at an event she volunteered for near her home in Atlanta. She was already stressed. The previous night, she had stayed up late making her […]
How To Prevent Child Identity Theft By Freezing Your Kid’s Credit
More than 1 million kids were victims of identity theft last year. By Casey Bond Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Identity theft is a constant threat these days. With the number of major data breaches that have occurred in the past few years, such as the unprecedented Equifax breach in 2017, […]
Millions of Americans are swimming in debt but can’t stop spending
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman A recent study from finance company Northwestern Mutual shows the average American now has $38,000 in debt, not including mortgages. Buzz60’s Sean Dowling has more. Buzz60 Originally published here by USAToday.com
How To Get A Mortgage When You Have Bad Credit
A low credit score isn’t always a deal breaker. Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Bad things happen to good people, and bad credit is sometimes one of them. It can be a pain: A poor credit score makes it tougher to get approved for credit cards and loans. And when you […]
