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Bankruptcy Lawyer in Neptune NJ. What Happens When a Debtor Forgets to list a debt?  A common telephone call is one from a debtor expressing their concern that they forgot to list a creditor in their bankruptcy petition. Furthermore, they are concerned that they will still owe the debt as a result of their mistake. Depending […]

Discharging taxes in bankruptcy.

Saturday , 5, October 2013 Comments Off on Discharging taxes in bankruptcy.

Bankruptcy Lawyer in Long Branch NJ. Can I Discharge my Taxes in Bankruptcy? Can I Discharge my Taxes in Bankruptcy? The answer to this question is time sensitive. Most often debtors come into our offices seeking advice on their back income taxes.  As you will read below, they can be discharged if you meet the […]

Bankruptcy Lawyer in Eatontown NJ. Can I file Bankruptcy Again? How many times can I file Bankruptcy? . Can you file twice? Can you file a third time? The simple answer is yes. But repeat filers or what are sometimes referred to as “serial filers.” Sometimes those who filed bankruptcy in the past may find […]

Bankruptcy Lawyer in Millstone NJ. What questions can a Creditor ask at the Meeting of Creditors in Bankruptcy Court?  At the bankruptcy meeting of creditors the chances that the credit cards or other creditors will show up at the meeting of creditors ( also known as the section 341 hearing) is very slim; Most of the […]

What Should I Say at the Meeting of Creditors in Bankruptcy Court?

Saturday , 5, October 2013 Comments Off on What Should I Say at the Meeting of Creditors in Bankruptcy Court?

Bankruptcy Lawyer in Lakewood NJ. What Should I Say at the Meeting of Creditors in Bankruptcy Court? The most stressful part of the bankruptcy process for consumers seems to be their appearance before the trustee assigned to their case. Every consumer debtor who files for Chapter 7 or Chapter 13, will be examined by the […]

Will I lose my home if I File Bankruptcy?

Saturday , 5, October 2013 Comments Off on Will I lose my home if I File Bankruptcy?

Bankruptcy Lawyer in Toms River NJ. Will I lose my home if I file bankruptcy. Here is how it works. Section 362 provides that the filing of a bankruptcy operates as a stay against all acts to acquire property of the debtor or to recover a claim against the debtor that arose prepetition. Therefore any […]

Bankruptcy Lawyer in Brick NJ. What is a preference transfer in Bankruptcy?  The Bankruptcy Code allows debtors to keep assets with no equity or up to a fixed dollar amount, through a process of exemptions.  These exemptions are tools provided by the Bankruptcy Code to protect your assets and truly give you a fresh start. In […]

Bankruptcy and Divorce.

Saturday , 5, October 2013 Comments Off on Bankruptcy and Divorce.

Bankruptcy Lawyer in Jackson NJ. Bankruptcy and divorce; how do they affect each other? This is a very common question that is posed in our offices. Many of times our clients are recently divorced.  Because of the divorce they need to file bankruptcy due to the lost income which the ex-spouse had brought to the […]

Bankruptcy Lawyer in Point Pleasant NJ. When debtors have decided to file bankruptcy the looming question on their minds is commonly how long will it take before I have credit again? Unfortunately the answer is not in black and white and the answer fluctuates with the economic times. As the Great Recession has set in […]

Since the Bankruptcy Reform package “BAPCA” was passed in 2005 we have been stuck with a bright line formula called the means test. This test compares your income from the previous 6 months with allowable expenses which are taken from an IRS tax table. The test is pass or fail. However and experienced bankruptcy attorney […]