Bankruptcy Mistakes Homeowners Make When Filing Chapter 7 When filing bankruptcy as a homeowner, few terms cause more anxiety than “abandonment.” It sounds alarming, and many people assume it means they are being forced to give up their home. In reality, misunderstanding abandonment is one of the most common—and costly—bankruptcy mistakes homeowners make. In Chapter […]
How Bankruptcy Treats Transfers to Friends and Family — What Lee Perlman Wants You to Know
How Bankruptcy Treats Transfers to Friends and Family If you’re considering filing for bankruptcy, you might be tempted to transfer money, a car, or other valuable property to a friend or family member to protect it. While that might seem like a straightforward shortcut, bankruptcy law often views such transfers very differently. The trustee — […]
How Much Debt Do You Need to File for Bankruptcy?
Have you ever wondered if there is a specific amount of debt you need before you can file for bankruptcy? Is it ten thousand dollars? Fifty thousand? Does it have to reach six figures before the Court will consider your situation? The truth may surprise you, and understanding it could make all the difference in […]
Can Bankruptcy Stop a Utility Shut Off in Its Tracks?
Picture this. You come home and there is a utility shut off notice taped to your door. Suddenly, you’re facing the possibility of losing power, water, and access to the basic things that keep your life running. The panic sets in fast. But what if I told you there is a way to stop that […]
Why Waiting to File Bankruptcy Could Cost You More Than You Think
If you are drowning in debt or struggling with relentless collection calls, waiting to file bankruptcy might feel like buying time, but in reality, it could be costing you thousands. The Cost of Waiting: Why Delay Makes Debt Worse Many people wait far too long before considering bankruptcy. And by the time they do, the […]
How Bankruptcy Can Help Save Your Home from Foreclosure
Are you looking for a way to save your home from foreclosure? Foreclosure is one of the leading reasons people file for bankruptcy, often triggered by unexpected life events like job loss, medical emergencies, or other financial struggles that make mortgage payments unaffordable. If you are behind on your mortgage payments or facing foreclosure, you […]
Finding Hope Through Bankruptcy: A Thanksgiving Reflection on Helping Clients
Is it odd to be thankful I am a bankruptcy lawyer? As we approach the Thanksgiving holiday, I am reminded of the importance of supporting others during difficult times, especially when it comes to navigating financial distress. The season of gratitude offers a powerful reminder of why my work as a bankruptcy lawyer is so […]
Famous Figures Who Faced Bankruptcy: Surprising Stories of Financial Struggle
Did you know that Abraham Lincoln, one of the most revered presidents in American history, filed for bankruptcy? In this post, we’ll explore five famous individuals who faced financial hardships, shedding light on their journeys and the lessons learned. 1. Abraham Lincoln Abraham Lincoln struggled with financial difficulties throughout his life, particularly as a storekeeper. […]
Rising Veterinary Costs and Their Impact on Pet Owners
Veterinary costs have spiked by 7.6% over the past year, leaving pet owners and animal lovers reeling from the financial impact of keeping their beloved companions healthy. This increase is not just a number; it is a significant factor in financial distress for many, especially in states like New Jersey. Why Veterinary Costs Are Rising […]
How Gambling Can Affect Your Life Into Bankruptcy
Gambling is often perceived as a fun and exciting activity, but it can quickly turn into a financial nightmare for many. The average gambler loses a staggering $20,000 a year, and with the rise of online gambling, this issue has become more pervasive. A recent study shows that 16 to 24-year-olds in the United States […]
