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What is a cross-collateralization agreement? A cross-collateralization agreement is a type of consumer contract that provides for property to be used as collateral for two or more loans. For example, a cross-collateralization agreement could provide that your car serves as collateral for a credit card and personal loan, in addition to your car loan. This […]

For most people the answer is yes, but even in 2017 I still come across clients with usurious (and illegal) mortgage interest rates. If your residential mortgage interest rate is several points above prime, keep reading! Pennsylvania’s Loan Interest and Protection Law Pennsylvania’s Loan Interest and Protection Law, 41 P.S. 101, et, seq., establishes a […]

Are you thinking about eliminating or restructuring your debt through bankruptcy? Do you qualify? As of November 1, 2016, the median income data for Pennsylvania has increased. This median income data is used to determine whether or not a debtor qualifies for a Chapter 7 Bankruptcy. In a Chapter 13 case, the median income is used […]

It has been estimated that around 80% of all new homes are part of a condominium or homeowners’ association. There are good reasons for the popularity. Associations (when properly run) can make sure that the common areas of a development are maintained and relieve homeowners from some of the common maintenance obligations of home ownership. […]

As Benjamin Franklin once wrote, “in this world nothing can be said to be certain, except death and taxes.” Although you may never be able to completely rid yourself of tax debt, you may, however, be able to discharge some income tax obligations through bankruptcy. Types Of Tax Debt That Can Be Discharged in Bankruptcy. The […]