"Well, I want to do something that could help the ordinary person. I never wanted to get into law to work for a big corporation. Helping people is what I care about." - Jeffrey Peltz
Jeffrey Peltz, a seasoned Brooklyn-based attorney with nearly four decades of experience, seeks to change the narrative surrounding bankruptcy by emphasizing its role as a strategic financial tool rather than a moral failing. With a compassionate approach that prioritizes clients' needs over corporate interests, Peltz argues that bankruptcy should be seen as a business decision, not a source of shame. He highlights the common misconception that bankruptcy should be avoided at all costs, noting that this belief often leads individuals to make damaging financial choices, such as depleting retirement funds or falling for scams. By offering personalized guidance and treating clients like family, Peltz strives to demystify the bankruptcy process, helping individuals understand that it can offer a fresh start, particularly in the context of divorce and other financial challenges.
Key Takeaways
->Viewing bankruptcy as a business decision rather than a source of shame is crucial for guiding clients through financial difficulties.
->Certain debts like spousal support, child support, student loans, taxes, parking tickets, penalties, and court charges are not dischargeable in bankruptcy.
->Bankruptcy can be a first step towards rebuilding credit, with FICO scores potentially increasing by an average of 100 points over a year.
->Common misconceptions about bankruptcy include the belief that it is a personal judgment or a black mark on one's character.
->Bankruptcy hearings are now conducted via Zoom due to COVID-19 restrictions, providing convenience for clients.
Connect with Jeffrey Peltz:
https://www.aaalawyer.com/
https://www.linkedin.com/in/jeffreypeltz/
Connect with Katherine Miller:
https://www.linkedin.com/in/kemiller1/
https://miller-law.com/
All content for Divorce Dialogues is the property of Katherine Miller and is served directly from their servers
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"Well, I want to do something that could help the ordinary person. I never wanted to get into law to work for a big corporation. Helping people is what I care about." - Jeffrey Peltz
Jeffrey Peltz, a seasoned Brooklyn-based attorney with nearly four decades of experience, seeks to change the narrative surrounding bankruptcy by emphasizing its role as a strategic financial tool rather than a moral failing. With a compassionate approach that prioritizes clients' needs over corporate interests, Peltz argues that bankruptcy should be seen as a business decision, not a source of shame. He highlights the common misconception that bankruptcy should be avoided at all costs, noting that this belief often leads individuals to make damaging financial choices, such as depleting retirement funds or falling for scams. By offering personalized guidance and treating clients like family, Peltz strives to demystify the bankruptcy process, helping individuals understand that it can offer a fresh start, particularly in the context of divorce and other financial challenges.
Key Takeaways
->Viewing bankruptcy as a business decision rather than a source of shame is crucial for guiding clients through financial difficulties.
->Certain debts like spousal support, child support, student loans, taxes, parking tickets, penalties, and court charges are not dischargeable in bankruptcy.
->Bankruptcy can be a first step towards rebuilding credit, with FICO scores potentially increasing by an average of 100 points over a year.
->Common misconceptions about bankruptcy include the belief that it is a personal judgment or a black mark on one's character.
->Bankruptcy hearings are now conducted via Zoom due to COVID-19 restrictions, providing convenience for clients.
Connect with Jeffrey Peltz:
https://www.aaalawyer.com/
https://www.linkedin.com/in/jeffreypeltz/
Connect with Katherine Miller:
https://www.linkedin.com/in/kemiller1/
https://miller-law.com/
Bonus: Avoiding Pitfalls: Family Home Financial Models - with Melissa Murphy Pavone
Divorce Dialogues
28 minutes 43 seconds
1 month ago
Bonus: Avoiding Pitfalls: Family Home Financial Models - with Melissa Murphy Pavone
"You really want to know what your priorities are and then you want to know what your spouse's priorities are, because they might be different." - Melissa Murphy Pavone
Melissa Murphy Pavone is a seasoned certified financial planner and divorce financial analyst, whose 18 years of experience in the field are deeply influenced by her personal experiences as a child of divorce. She founded Mindful Divorce Partners to guide clients through the intricate financial challenges of divorce with clarity and assurance. Melissa stresses the importance of proactive and holistic financial planning, focusing on understanding settlement options, tax implications, and the long-term effects of financial decisions, especially when children are involved. Her approach goes beyond mere numbers, helping clients design balanced and sustainable financial plans that align with their future goals and risk tolerance, while avoiding common pitfalls such as retaining the family home without considering its long-term financial impact.
Key Takeaways:
->Working with a financial planner post-divorce is crucial for navigating the transition to saving for oneself, contributing to retirement, and bridging the financial gap left by alimony and child support.
->Understanding priorities in financial assets during divorce negotiations is key to ensuring a fair and balanced outcome, particularly when children are involved.
->Having a financial planner as a supportive ally can provide guidance tailored to risk tolerance and financial goals for a secure future post-divorce.
->Offering fee-for-service and assets under management advisory models allows financial advisors to tailor their services to best suit individual circumstances and goals, especially in divorce scenarios.
->Educating clients on the importance of having an emergency fund and considering tax implications is crucial in making informed decisions about the family residence in divorce settlements.
Connect with Melissa Murphy Pavone:
https://www.linkedin.com/in/melissamurphypavone/
https://mindfulfinancialpartners.com/about/
https://mindfulfinancialpartners.com/
Connect with Katherine Miller:
https://www.linkedin.com/in/kemiller1/
https://miller-law.com/
Divorce Dialogues
"Well, I want to do something that could help the ordinary person. I never wanted to get into law to work for a big corporation. Helping people is what I care about." - Jeffrey Peltz
Jeffrey Peltz, a seasoned Brooklyn-based attorney with nearly four decades of experience, seeks to change the narrative surrounding bankruptcy by emphasizing its role as a strategic financial tool rather than a moral failing. With a compassionate approach that prioritizes clients' needs over corporate interests, Peltz argues that bankruptcy should be seen as a business decision, not a source of shame. He highlights the common misconception that bankruptcy should be avoided at all costs, noting that this belief often leads individuals to make damaging financial choices, such as depleting retirement funds or falling for scams. By offering personalized guidance and treating clients like family, Peltz strives to demystify the bankruptcy process, helping individuals understand that it can offer a fresh start, particularly in the context of divorce and other financial challenges.
Key Takeaways
->Viewing bankruptcy as a business decision rather than a source of shame is crucial for guiding clients through financial difficulties.
->Certain debts like spousal support, child support, student loans, taxes, parking tickets, penalties, and court charges are not dischargeable in bankruptcy.
->Bankruptcy can be a first step towards rebuilding credit, with FICO scores potentially increasing by an average of 100 points over a year.
->Common misconceptions about bankruptcy include the belief that it is a personal judgment or a black mark on one's character.
->Bankruptcy hearings are now conducted via Zoom due to COVID-19 restrictions, providing convenience for clients.
Connect with Jeffrey Peltz:
https://www.aaalawyer.com/
https://www.linkedin.com/in/jeffreypeltz/
Connect with Katherine Miller:
https://www.linkedin.com/in/kemiller1/
https://miller-law.com/
