Inflation and the price of food and fuel all continue to rise. Salaries are increasing but are not expected to keep pace with inflation. Rent prices are rising 4x faster than income. That’s the bad news. But wait, there’s more bad news: financial distress can weigh heavy on the average consumer, and ongoing stress about […]
How Does Bankruptcy Affect Your Client’s Personal Injury Case?
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. You might be saying “that is all well and good, but what happens when the defendant in a personal injury action files for bankruptcy?” What do you do? The simple answer is STOP everything. When a debtor files for bankruptcy they gain the protection of the automatic […]
Bankruptcy Is a Big Risk for Unmarried Couples Who Split Up
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. An unfortunate truth is that when someone is injured in an accident, they are almost always going to be suffering a financial hardship on top of their injuries. For this reason, you confirm the bankruptcy status of your client. Are they in an active bankruptcy? Are […]
Bankruptcy after Mortgage Forbearance and Moratoriums
For many people, the Covid-19 pandemic created an unprecedented financial sinking ship. But there are ways to get back on dry land. The government has thrown out lifelines specifically aimed at keeping people in their homes. The two most used by consumers in Covid created financial deep water are mortgage forbearance, and a moratorium on […]
Marrying Consumer Protection With Bankruptcy Practice
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 […]
