Levitt & Slafkes Legal Blog
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...
How to Properly Value Your Home in Bankruptcy
It is important to properly value your home in both a Chapter 7 and Chapter 13 bankruptcy. This blog will discuss why a proper valuation is important and the types of available valuations. Why is it Important to Get a Proper Home Valuation? There are many reasons it...
FILING FOR BANKRUPTCY WITHOUT AN ATTORNEY IS A DIFFICULT ROAD
Individuals can file bankruptcy without an attorney which is called filing pro se. However, seeking the advice of a qualified attorney is strongly suggested because bankruptcy has long-term financial and legal outcomes. Learning what is necessary to file a Chapter 7...
LOWERING YOUR CAR PAYMENTS IN BANKRUPTCY WITH A CRAMDOWN
Do you have a car payment that you can’t afford on a car that has depreciated in value? While you may be concerned about getting rid of your unsecured debts such as credit cards in bankruptcy, you are still worried about a car payment that you cannot afford. If so,...
NEW SMALL BUSINESS BANKRUPTCY LAW COMING SOON
Businesses experiencing financial difficulties have long been permitted to seek the protection of Chapter 11 of the Bankruptcy Code to attempt to reorganize their debt. Unfortunately, as many of those businesses find out, a Chapter 11 restructuring normally proves to...
It’s the New Year. Get a Financial Fresh Start
As 2020 approaches, you are probably thinking about your New Year’s resolutions. This year, consider making a resolution to lose your debt! When you file a Chapter 7 or Chapter 13 Bankruptcy, you are able to eliminate the majority, if not all of your debt. Just think,...
Can I Surrender up My Car in a Chapter 7 Bankruptcy?
If you don’t want to keep your car (and the debt) in a Chapter 7 Bankruptcy you can give up the car. One of your largest monthly expenses maybe for a car loan you can no longer afford or on a car that is worth much less than you owe on it. If so, you can surrender...
Can I Keep My Car if I File Chapter 7 Bankruptcy in New Jersey?
Most people who we meet with ask if they can keep their car if they file Chapter 7 bankruptcy because they need it to get to work, to school and in general to live their life. Whether you can keep your car in a Chapter 7 depends upon many factors including whether...
WHAT ASSETS CAN I KEEP IN A CHAPTER 7 BANKRUPTCY-EXEMPTIONS
In Most Chapter 7 Cases Bankruptcy Exemptions Allow People to Keep to Keep Their Property After Bankruptcy Many people are afraid that if they file for Chapter 7 bankruptcy, they will lose their house, their car and all of their personal property. Most Chapter 7...
