New Jersey Bankruptcy and Foreclosure Defense Law Blog
Owner of Triple Crown Winner American Pharoah Files for Personal Chapter 7 Bankruptcy in New Jersey
Many Americans are currently struggling to get by or are just barely hanging on. If you have fallen behind on paying your credit cards, medical debt, rent or other bills it is important to know you are not alone. Many famous people have filed for bankruptcy in order...
5 Options that may be Available after a Mortgage Forbearance Ends
Mortgage Forbearance 101 A mortgage forbearance is when your mortgage servicer or your lender allows you to stop or reduce your mortgage payments for a limited period of time. Your mortgage servicer is the company to which you send your mortgage payments. A mortgage...
Can I Get Rid of My COVID-19 Medical Debt in Bankruptcy?
There have been many news stories about people receiving large bills as a result of COVID-19 care. Hopefully you are not one of them. This really causes double financial problems-loss of income as a result of being sick and medical bills. Sometimes this result from...
Extra $600 CARES Act Unemployment is Over. Should I Use My Retirement Money to Pay Credit Card Debt?
The CARES Act, passed by Congress in response to COVID-19, eliminated the penalty for early withdrawal of retirement funds. This was done to provide a source of assets for those struggling to pay their bills. The extra $600 weekly federal unemployment supplement that...
My PPP Loan Proceeds Are Being Used Up: What Next?
According to a recent Goldman Sacks survey, by the first week of August approximately 84% of businesses will have exhausted the loans that they have received from the government through the Paycheck Protection Program (“PPP”). Yet, New Jersey remains in Stage Two of...
New Jersey Allows Foreclosure Judgments to be Entered
Early on in the COVID-19 pandemic the New Jersey courts placed a hold on the entry of final judgments of foreclosure. That meant that although foreclosures were allowed to be filed, the cases could proceed only up to the filing of a motion for a final foreclosure...
Attorney Bruce Levitt Wins a Lawsuit and Helps a Family Get Back Their Home Lost to a Tax Lien Foreclosure
Bruce Levitt of Levitt and Slafkes is proud to announce a victory in New Jersey State Court in the case of BV001 REO Blocker, LLC v. HB (USA) Properties, LLC, Docket No. F-002097-19 (Sup. Ct. N.J. April 17, 2020), where he successfully vacated a tax lien foreclosure...
What to Do If You Can’t Pay Your Rent Due to the Coronavirus
Many thousands of New Jersey household are already facing financial difficulties because of COVID-19. As a result, many renters will not be able to pay this month’s rent. There are also many renters that are already behind on their rent and may be facing a court date...
NJ Sheriff Sales Remain on Hold
Since Governor Murphy put a stay in place Order in New Jersey, every county Sheriff in New Jersey has either cancelled or suspended scheduled foreclosure sales. Below is information available on various Sheriff websites from the middle and northern counties of New...
Comprehensive Update: Mortgage Relief During Covid-19 Crisis
As the current crisis continues, daily information is coming out regarding mortgage relief programs and foreclosure suspensions. The attorneys at Levitt & Slafkes continue to monitor these programs as they relate to New Jersey homeowners. The following is the...