"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/
The Divorce Toolkit: Your Essential Guide to Financial Planning - with Jamie M. Lima
Divorce Dialogues
33 minutes 44 seconds
1 month ago
The Divorce Toolkit: Your Essential Guide to Financial Planning - with Jamie M. Lima
What are some unique challenges that mid-career professionals face during divorce?
Jamie M. Lima is a renowned certified divorce financial analyst and certified financial planner who specializes in helping mid-career professionals navigate the financial complexities of divorce. As the founder of Allegiant Divorce Solutions and the creator of the Secure Split app, Lima draws on over 20 years of experience to guide clients through asset division and retirement planning, with a particular focus on managing complex workplace benefits like stock options and pension plans. He believes that financial planning is crucial during divorce proceedings, as it helps individuals avoid common pitfalls and make decisions that align with their long-term financial goals. By working closely with tax professionals and leveraging tools like the Divorce Toolkit, Lima empowers clients to prioritize their future and make informed financial decisions, ensuring a secure post-divorce financial future.
Key Takeaways
->Involving financial professionals early in the divorce process is crucial for making informed decisions and planning accordingly.
->The Divorce Toolkit provides resources for understanding topics like dividing retirement accounts, tax impacts, alimony, child support, and budgeting calculators.
->Financial planning tools like the Divorce Toolkit help in streamlining financial planning for divorcing couples, attorneys, mediators, and certified divorce financial analysts.
->Financial planning expertise is essential in managing asset division, retirement planning, and tax implications during divorce.
->Mid-career professionals facing divorce may encounter complex financial challenges related to workplace benefits like stock options, pension plans, and tax implications.
->Alimony, or spousal support, aims to provide financial resources for the out spouse to adjust to single life, cover living expenses, and support individuals during the post-divorce transition period.
Connect with Jamie M. Lima:
https://allegiantds.com/
https://www.linkedin.com/in/jamielima/
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/
