"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/
Preventing Conflicts and Financial Disputes in Real Estate Division - with Michael W. Goldstein
Divorce Dialogues
47 minutes 33 seconds
5 months ago
Preventing Conflicts and Financial Disputes in Real Estate Division - with Michael W. Goldstein
"Trust can be helpful for several reasons. One is that having assets in a trust makes it easier when a person dies because the trust assets don't go through the Surrogate's Court." - Michael Goldstein
Michael Goldstein, a seasoned New York attorney with over thirty years of experience, brings a wealth of knowledge to the complex issue of dividing real estate during divorce. With a focus on the intricacies of jointly owned properties, such as the marital home and investment properties, Goldstein offers practical insights and a compassionate approach to resolving these disputes. He emphasizes the importance of addressing real estate matters in divorce decrees to prevent legal complications post-divorce, considering critical financial factors like down payments, mortgage payments, and property maintenance. Beyond real estate, Goldstein also advises on utilizing trusts and updating estate plans to protect assets and ensure proper distribution, highlighting their value in safeguarding against unintended consequences during divorce proceedings.
Key Takeaways
->Having a written agreement in place can help avoid potential conflicts and ensure clarity on property ownership, expenses, and potential rental income.
->Updating beneficiaries on wills, life insurance policies, and financial accounts during divorce is crucial to avoid unintended consequences.
->Trusts can be a smart tool in divorce planning, offering protection for assets from divorce, bankruptcy, creditors, or bad decisions.
->Written agreements are essential in divorce cases to prevent disputes in the future, regardless of the level of trust between parties.
->Goldstein and Miller emphasize the importance of written agreements for property ownership to avoid disputes and conflicts in the future.
Connect with Michael W. Goldstein:
https://www.atty1.com/
https://www.linkedin.com/in/michael-w-goldstein-6aba8410/
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/
