Cibik & Cataldo

Many people find themselves on the brink of bankruptcy through no fault of their own. You are not alone many people have been in your shoes and have gotten a fresh start. Check out our latest post for the top 10 reasons why people file for bankruptcy.

Out of all bankruptcies, Chapter 7 is the most common among individuals who are having serious financial problems. In this process, a court-appointed trustee is responsible for overseeing the liquidation of your assets. Assets are considered anything that you own that has value. These assets are used to pay off your creditors. If you have any other unsecured debts, it will be erased.

#FromRichtoPoorFriday! Did you know the #pianoman himself, Elton John, declared bankruptcy in 2002 due to large amounts of debt associated with his many properties around the world? Credit: Shutterstock #tinydancer #eltonjohn #bankrupcty #celebrity #bankrupt

#tbt to answering the question on our #blog: Can I Lose my Engagement Ring in Bankruptcy? https://bit.ly/2zC3sZo #bankruptcy #engagement #engagementring #shesaidyes #bridetribe #brideandgroom #attorney #attorneyatlaw #lawyer

From the Philly Record column Understanding Bankruptcy, Michael A. Cibik, Esq. answers the question Another Way How to Miss Out on Discharging Credit Card Debt? https://bit.ly/2RB50KH #bankruptcy #bankrupt #bankruptcylawyer #lawyer #attorney #attorneyatlaw

Before you head out to your favorite stores for some killer deals, here are 4 smart tips for shopping on a budget, so you don’t kill your wallet! https://bit.ly/2APwu9W #blackfriday #tips #deals #shopping #shoptilyoudrop

Wishing you and yours a very Happy Thanksgiving! #happythanksgiving #thanksgiving #holidays #familytime #thankful

Black Friday is creeping up fast. Be sure to not go (deeper) into debt for #BlackFriday deals...https://fxn.ws/2RDq435 #debt #shopping #blackfridayshopping

Featured this week for #FromRichtoPoorFriday is Walt Disney! In 1921, Disney filed for #bankruptcy after his Laugh-O-Gram Studio failed, leaving him in debt. By 1928, Disney recovered and created our favorite mouse, Mickey Mouse! Credit: Wikimedia #WaltDisney #WaltDisneyWorld #Bankrupty #Bankrupt #MickeyMouse

Monday’s here! Can you go to jail for not paying your bills? Our blog has the answers! https://bit.ly/2AJi8b0 #MonopolyMondays

It’s another #FromRichtoPoorFriday! Did you know Mike Tyson declared #bankruptcy in 2003, sharing that he was $27 million in #debt?? Credit: Shutterstock #boxer #celebrity #bankruptcylaw #bankrupt

Due to a lack of cash flow, many restaurants are finding themselves filing for bankruptcy. https://bit.ly/2ySDUH4 #restaurants #law #legal #attorney #eatwell #yumyum

Happy #MonopolyMonday! Should you try to keep your home while filing for bankruptcy? Read our blog about it to find out: https://bit.ly/2AIjrH2 #Monopoly #Bankrupt #Bankruptcy #HouseForSale #Attorney #AttorneyAtLaw