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Blog - Cibik & Cataldo, P.C.

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What Happened Each Time Donald Trump Declared Bankruptcy

Nov 20, 2017 By: Mike Cibik

  How Trump’s Bankruptcies Differ from Others   Any business person will tell you that declaring bankruptcy is a common practice. Now when I say bankruptcy, I am talking about a business bankruptcy. This is how a business stays afloat unless the owner decides to sell it. It’s is a way for a business owner…

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The Top Five Reasons Why People File for Bankruptcy in Pennsylvania

Nov 17, 2017 By: Mike Cibik

Reason Why People File for Bankruptcy Filing for bankruptcy can save money and offer peace of mind. There are also the downsides. Bankruptcy is very expensive and takes up a lot of your time. At the end of the day, however, it’s very much worth it.   Here are some reasons why people file for…

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Why Puerto Rico Had to Declare Their Own Form of Bankruptcy

Nov 16, 2017 By: Mike Cibik

The U.S. Territory’s Struggles to Pay Off Creditors   There have been several times a city or municipality has declared bankruptcy because they ran out of money. Detroit, for example, declared bankruptcy in 2013 for 18 billion dollars. Bankruptcy was the only solution for the city. Why? Because there were many factors set up the…

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Pennsylvania Medical Bankruptcy: When to File Due to Medical Debt

Nov 13, 2017 By: Mike Cibik

  Pennsylvania Medical Bankruptcy: When to File Due to Medical Debt   No one plans to get sick or get into a debilitating accident. We pay exorbitant amounts for health insurance for such events. Depending on the health plan you have, it might only cover a fraction of the medical expenses one incurs. If you…

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How to Effectively Rebuild Your Credit After Filing For Bankruptcy

Nov 10, 2017 By: Mike Cibik

  How to Rebuild Your Credit After Filing For Bankruptcy   Would you believe that the concept of a credit score was created almost 30 years ago? The FICO (Fair Isaac Corporation) score was established in 1989. Before then, there was no uniform system of calculating one’s credit score. A person’s credit history was created…

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Understanding Bankruptcy: Top 3 Causes of Personal Bankruptcy in PA

Nov 08, 2017 By: Mike Cibik

Personal Bankruptcy and Its Evolution   When people hear the word “bankruptcy,” they cringe. That is understandable because of the stereotype that goes along with bankruptcy. We all have financial problems; the financial collapse of ten years ago is still plaguing people to this day. The world has changed, and so has our thinking when…

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We are a debt relief agency that helps people
seek bankruptcy protection under federal law

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