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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 […]

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 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 […]

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 […]

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