Levitt & Slafkes Legal Blog
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...
FOREGIVENESS 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...
5 Mistakes to Avoid when You’re in a Foreclosure in New Jersey
Just because you are behind on your mortgage it does not necessarily mean you will lose your house in a foreclosure. What happens often depends on how you respond to your situation and if you do so in a timely manner. Here are five mistakes to avoid that could help...
3 Things You Must Know If You Are Married but Want to File Chapter 7 Bankruptcy Without Your Spouse
You Can File Bankruptcy Individually Even if Married It is a common misconception that both spouses must file bankruptcy together. Married couples can choose whether to file for bankruptcy together or individually. If, however, both spouses want to file for...
How Long Do I Have to Answer a Foreclosure Complaint in New Jersey?
Many people call us wanting to know how long they have to file an answer to a foreclosure complaint that they have been served with. This blog will answer that very important question. A foreclosure action begins when the mortgage company files a complaint against...
Can I Keep Money I Receive from a Personal Injury Lawsuit in Bankruptcy?
Many clients ask us if they can keep money that they get from a personal injury they suffered if they file bankruptcy. This blog will explain what a personal injury claim is, when it must be disclosed and how much money you can keep if you file bankruptcy. When a...
