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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 […]

Military Service and Bankruptcy in New Jersey

Saturday , 5, October 2013 Comments Off on Military Service and Bankruptcy in New Jersey

Bankruptcy in Neptune NJ. Military service presents a unique opportunity to serve our country. However, sometimes while performing those duties which call during times of service, difficult financial stresses may appear on the home front. Our Country’s representatives have enacted laws to help those in the military who are overwhelmed by debt in the United […]

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 […]

Your timeshare and Bankruptcy.

Saturday , 5, October 2013 Comments Off on Your timeshare and Bankruptcy.

Bankruptcy Lawyer in Tinton Falls NJ. What will happen to my timeshare in Bankruptcy?  Many of debtors who contact us for a free consult have a timeshare condominium. They want to know what will happen to this asset upon filing bankruptcy. Many debtors just want to get rid of the timeshare because all too often the […]

Bankruptcy Lawyer in Asbury Park NJ. What happens to Condominium Association Fees in Bankruptcy? Filing for bankruptcy allows consumers to discharge most of their debts.  In 2005 when when the bankruptcy laws  changed through BAPCPA, various homeowners associations (HOA’s) lobbied Congress for special protection.Due to the efforts of those lobbyists not all homeowners’ association fees […]

Bankruptcy: Borrowing for College Tuition 101

Tuesday , 24, September 2013 Comments Off on Bankruptcy: Borrowing for College Tuition 101

In most cases a bankruptcy should have no impact on eligibility for federal student aid. Title IV grant or loan aid (including the Perkins loan program) will not be denied an applying student who has filed bankruptcy exclusively on the record of their past Bankruptcy. Financial aid administrators are not permitted to use a former […]

Inherited assets which arise during bankruptcy can present issues because they are not exempt under New Jersey bankruptcy law and are subject to liquidation as part of the bankruptcy estate that is created when a bankruptcy is filed. However, there are estate-planning devices that can help to protect potential assets that may be inherited during […]

Chapter 7 Bankruptcy: It can happen to anyone!

Thursday , 19, September 2013 Comments Off on Chapter 7 Bankruptcy: It can happen to anyone!

A New Jersey resident, Dionne Warwick, is bankrupt. The singer and actress who was a regular at the top of the Billboard chart for four decades, has filed bankruptcy. She owes more than $10 million in back taxes and has only $10 left at the end of each month after paying expenses, according to her […]

What you can learn from a professional athlete’s Chapter 7 bankruptcy.

Thursday , 19, September 2013 Comments Off on What you can learn from a professional athlete’s Chapter 7 bankruptcy.

The average professional athlete in the U.S. will make more in one season than most of us earn in our entire lives, however despite those staggering salaries, 78% of NFL players, 60% of NBA players and a very large percentage of MLB players (4x that of the average U.S. citizen) file bankruptcy within just years […]

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