New Jersey Bankruptcy Blog
Posted on Mar 28, 2018
Generally speaking, if your general unsecured debts are below $394,725 and your secured debts are below $1,184,200, you will be eligible for relief under a Chapter 13 bankruptcy. These limits are ...
Continue reading "Chapter 13 Debt Limits" »
Posted on Mar 21, 2018
To figure out if your income is low enough for you to file for a Chapter 7 bankruptcy, the bankruptcy means test was created. It uses a formula that is essentially designed to prevent high wage ...
Continue reading "The Bankruptcy Means Test" »
Posted on Aug 28, 2017
Debt relief laws can sometimes be incredibly complicated. If you’re facing mortgage arrears or other secured debt payments you cannot catch up on, or an overwhelming amounts of general unsecured ...
Continue reading "Chapter 13 Bankruptcy Case Example; Mortgage Arrears - Secured Creditors" »
Posted on Aug 21, 2017
The most popular mortgage modification program prior to December 31, 2016 was of course the US Government's backed Home Affordable Mortgage Program, also known as "HAMP". The HAMP mod, ...
Continue reading "Post HAMP Mortgage Modifications - Expected Terms and Other Points" »
Posted on Aug 7, 2017
Mortgage Modification – Clearing out Arrearages (and at times some or all of the Negative Equity from the old Mortgage) Clients retaining our services to apply for and hopefully procure a ...
Continue reading "Mortgage Modification - Clearing Out Arrearages" »
Posted on Jul 27, 2017
When the bottom fell out of the housing market in 2008, the federal government was forced to take action. With one out of ten homeowners delinquent on their loans, the government convinced servicers ...
Continue reading "History of Mortgage Modifications" »
Posted on Jul 14, 2017
Consumer Litigation Powerful New Tools to Procure Mortgage Modifications - Federal Cause of Action Prior to January of 2014, homeowners who were actively engaged with servicers in an attempt to ...
Continue reading "Powerful New Tools to Procure Mortgage Modifications - Federal Cause of Action" »
Posted on Jun 14, 2017
In 2016, taxpayers owed up to $458 billion to the Internal Revenue Service (IRS). Many people fall behind in taxes for various reasons; however, falling behind in your payments can often snowball the ...
Continue reading "Is Discharging Federal & State Income Tax Debt Possible?" »
Posted on Jun 9, 2017
Bankruptcy can be stressful enough without worrying about overly aggressive chapter 7 trustees. However, people going through bankruptcy should understand that chapter 7 trustees have a strong ...
Continue reading "How to Deal with Aggressive Chapter 7 Trustees" »
Posted on Jun 5, 2017
Today, American students owe more than $1.4 trillion in student loan debt, all of which is spread out among about 44 million borrowers. Considering the average class of 2016 graduate had $37,172 in ...
Continue reading "Can I Discharge My Student Loans?" »
Posted on Sep 20, 2013
The most popular Modification program out there today is the US Government's backed Home Affordable Mortgage Program, also known as "HAMP". The HAMP mod, if granted, usually provides the ...
Continue reading "The Now-Defunct US Government's Backed Home Affordable Mortgage Program ("HAMP")" »
Posted on Sep 13, 2013
Homeowners in default on their mortgage payment obligations can represent themselves in connection with the filing of their own home mortgage modification application (hereinafter "mod ...
Continue reading "Mortgage Loan Modifications Applications Benefits of Retaining a Professional" »
Posted on Apr 3, 2013
How does Chapter 7 work? A Chapter 7 is typically filed with the US court in the district in which the client resides. Your petition should include a list of all your assets and debts. Many debts ...
Continue reading "Looking for a Chapter 7 Bankruptcy Attorney in Northern New Jersey?" »
Posted on Sep 28, 2012
Our attorneys are pleased to announce the launch of our New Jersey Bankruptcy Blog with an RSS feed available here.
Continue reading "Welcome to our New Jersey Bankruptcy Blog" »