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December 2016 Archives

Stripping Liens from Your Home in a New Jersey Bankruptcy

Stripping Liens from Your Home in a New Jersey Bankruptcy.jpgFor years, New Jersey homeowners saw their homes rise in value. During this time, many homeowners took out second or third mortgages or home equity loans. Even now, eight years after the beginning of the housing crisis, many homeowners are still underwater in their mortgages, owing more than their home is worth.

Students Paying on their Parents' Loans

Students Paying on their Parents Loans.jpgIn a new twist on the student loan crisis, this year has seen a growing number of students paying on their parent's loans. The problem started with the Parent PLUS loan system, a system that is notorious for granting parents large amounts with few strings attached. 

Dance Mom's Prison Sentence

Dance.jpgDance Mom Abby Lee Miller is due in court this month to be sentenced for her role in a bankruptcy fraud case. The case began nearly four years ago, when Miller filed for Chapter 11 bankruptcy, claiming her business made only $8,899 per month.

Military Service and Bankruptcy

Military Service and Bankruptcy.jpg If you are on active military duty, a disabled veteran, or planning to enlist in the armed forces, you may be wondering how your military status may affect your bankruptcy. If you are a member of the armed forces, you have the same right to file for bankruptcy protection as a civilian. In fact, special exemptions apply to military bankruptcies that can help discharge debt that might not otherwise be eligible.

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