Maplewood, New Jersey Bankruptcy Law Blog
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...
What If I Can’t Pay My Mortgage or Trustee Payment in My Chapter 13 Because Of The Economic Slowdown From COVID-19
As of the date of this writing we are barely two weeks into what could likely be the largest financial meltdown since the Great Depression. We have already been contacted by many of our Chapter 13 clients who have lost jobs or have reduced income who want to know what...
An Update Regarding Relief on Car Loans and Leases During the Current COVID-19 Crisis
We hope that everyone reading this is safe and is healthy. If you have lost your job or been furloughed because of the COVID-19 crisis, you are beginning to make the difficult choice of deciding what bills to pay first. You might not have money to make your car loans...
Six Helpful Strategies for Dealing with Income Loss Due To the Coronavirus
We as a society are currently facing an unprecedented threat to both our physical and financial health. The internet and airways are full of offers of advice to help us protect our physical health. Not much has been written to address the severe financial hardship...
How to Get the Most Out of Your First Consultation with a Bankruptcy Attorney
Curious about how bankruptcy works and if it may be right for you? Your first step is to set up a consultation with an experienced bankruptcy lawyer. Many people are nervous about meeting with a lawyer for the first time; especially when it involves discussing...
FORGIVENESS OF DEBT INCOME EXCLUSION RENEWED AND EXTENDED
There is some good news for homeowners who have received and will receive debt forgiveness from their mortgage lenders in connection with mortgage modification, foreclosure or a short sale. The Qualified Principal Residence Indebtedness (“QPRI”) exclusion which...