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OUR COMMERCIALS

Here are a few of our commercials that you may have seen on TV. We hope you enjoy watching them as much as we do making them.

06.03.2015 | by Kenny Steinberg

I'm being sued? Can I file for bankruptcy?

The caller sounded panicked:  “I’m so sorry I waited to call you.  And it’s probably too late to  do anything.  But I am being sued.  What do I do next?”

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05.19.2015 | by Kenny Steinberg

Most surprising thing about bankruptcy

I’ve been helping people with their financial issues for over three decades. So sometimes I take for granted what I think people may know about filing for bankruptcy. But it seems like
every day one of my potential clients says to me: “You mean I can keep that?” They seem surprised when I say “Yes.”
And I say that often. In fact, I say that almost always, no matter which type of bankruptcy might be the best solution, Chapter 7 or Chapter 13, even Chapter 11. So if you file for
bankruptcy, what are you allowed to keep?
Before I go there, a little background is necessary. Chapter 13 and Chapter 11 are reorganization-type bankruptcies that normally result in the client making payments on part or all
of their debt over a period of several years. Clients may have lots of things that they own, a house, cars, motorcycles, pension plans. And in almost all cases, our prepared  Chapter 13 or Chapter 11 Court plan to pay back the creditors allows the clients to keep everything.
Chapter 7 is the type of bankruptcy where you eliminate unsecured debt without having to pay it. There are limits to the amount of property you can retain, but the limits, here in
Pennsylvania, are reasonable. It is possible that your situation may differ, and you may actually be allowed to keep more than I am about to write about, or (rarely) less, so it is always best to call
us at Steidl and Steinberg and speak with us directly about your circumstances.
So what can you keep in a Chapter 7? Start with equity in a home that you live in up to about $23,000 for each owner of the home, or $46,000 per couple. Equity is determined by
looking at the actual value of your home, that is, what someone would pay for it in today’s market, and subtracting the amount owed on the mortgages, home equity loans and lines of
credit, and any other liens that are against the house.

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02.19.2015 | by Kenny Steinberg

Credit score and filing bankruptcy

We get it: you want to get rid of your debt or at least get it under control, but you don’t want to destroy your credit. And you think that one of those non-bankruptcy options will do the trick.

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02.16.2015 | by Tom Rose

Cash in Radio Shack gift cards

With the news that Radio Shack has announced Chapter 11 bankruptcy, and a majority of the stores will be closing quickly, many consumers see this as an opportunity to pick up some good bargains.

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12.23.2014 | by Kenny Steinberg

Don't lie to your bankruptcy lawyer

The article was tucked into a corner of a recent edition of the Pittsburgh Post-Gazette, Page 6, just five paragraphs. But it was screaming at me: “Man found guilty of bankruptcy fraud”. No capital
letters, just the statement. And I was curious.
Here is what happened, according to the article, a local businessman failed to tell the Bankruptcy Court that he owned several dozen antique weapons as well as a vacation home. Not enough, he
also didn't mention his vintage pre-World War II Ford, some snowmobiles, and income he had accumulated from the sale of some of his assets. The federal jury assigned to his case convicted him. He hasn't been sentenced yet, but I would guess that he will find it difficult to stay out of jail.

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