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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 […]

Strip-off second mortgage in bankruptcy.

Saturday , 5, October 2013 Comments Off on Strip-off second mortgage in bankruptcy.

Bankruptcy Lawyer in Middletown NJ. Strip-Off that second mortgage in a Chapter 13 A Cram-down, commonly referred to as a “strip-off,” is when a debtor strips off and avoids the secured status of the second mortgage because there is insufficient value in the property to secure any part of it. This is a great way […]

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 […]

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 […]

You owe thousands of dollars to various creditors, including credit card companies and healthcare providers.  However, you have a decent stash of cash that cannot be protected via an exemption and you are afraid that the court will take your cash and distribute it to your creditors.  Sound familiar? We all want to hold onto […]

A Gambler’s Bankruptcy: Knowing When to Fold ‘Em

Saturday , 21, September 2013 Comments Off on A Gambler’s Bankruptcy: Knowing When to Fold ‘Em

Have you taken cash advances or markers in order to obtain funds for gambling?  The odds are not in your favor that you actually were able to win with the money borrowed and repay the lines of credit.  In the past, bankruptcy courts regularly found gambling debts to be non-dischargeable.  In recent times, however, the […]

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 […]

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