"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/
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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: The Role of Parents in Teaching Money Management - Ed Vargo
Divorce Dialogues
38 minutes
1 month ago
Bonus: The Role of Parents in Teaching Money Management - Ed Vargo
"If you don't know about the money, you don't have control over the money or access to the money."
Ed Vargo, the founder of Burning River Advisory Group and Enlighten Her, is a fervent advocate for financial literacy, particularly focusing on empowering women. Inspired by his immigrant mother's struggles with financial independence, Ed has dedicated his career to providing compassionate financial guidance to help women achieve equality through financial strength. He emphasizes the significance of teaching financial literacy from a young age, advocating for parents to model positive financial behaviors for their children and encouraging open discussions about money within families. Vargo also highlights the impact of financial misunderstandings on relationships, especially during divorce, underscoring the importance of assembling a knowledgeable support team and fostering financial education to promote harmony and independence.
Key Takeaways:
->Ed Vargo emphasizes teaching children about money management from a positive perspective and modeling good money behavior.
->Communication about money values and decisions is crucial in relationships to avoid disharmony and resentment.
->Open dialogue about money in relationships can prevent conflicts and build financial harmony.
->Educating oneself about family finances, especially during divorce, is essential to avoid being at a disadvantage.
->Enlighten Her offers resources like white papers on money myths and steps to take during divorce to empower women in managing their finances.
->Early intervention in divorce proceedings is crucial to avoid post-settlement regrets and make informed decisions.
->Enlighten Her aims to empower women to take control of their finances and make informed decisions, especially during major life events like divorce.
Connect with Ed Vargo:
https://www.linkedin.com/in/joe-zweben-17676434a/
https://www.instagram.com/joezweben_/
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/
