New Jersey Bankruptcy and Foreclosure Defense Law Blog

How Do I Stop Foreclosure in New Jersey?
If you’re a New Jersey homeowner facing foreclosure, you’re certainly not alone. In fact, New Jersey has among the highest foreclosure rates of any state in the country. Because of the current moratorium on evictions and foreclosures during the COVID-19...

Can Rental Debt Be Discharged Through Bankruptcy?
In today’s economy, renting an apartment or home is quite common. Nearly 40% of people in the United States are renters, and many of them are facing financial hardship. If you have lost your job or are experiencing other financial difficulties you may find yourself...

Should You Stop Paying Bills Before Filing for Bankruptcy?
One of the most common questions debtors ask before filing for bankruptcy is whether they should stop paying their bills or other expenses. After all, if you are already struggling to make ends meet and anticipate having your debts discharged, it may seem like a waste...

Statute of Limitations: Is There a Time Limit on Debt Collection?
No matter who you are, getting a call from a debt collector can be a daunting experience. Just because you owe a debt, however, does not always mean that you are legally obligated to pay it. Under the law, creditors have a window of opportunity to file a...

What Happens When You Declare Bankruptcy?
Given the current economic climate, many Americans are forced to consider what happens when you declare bankruptcy. Whether a job loss, illness, divorce, or another unexpected turn of events has you looking at bankruptcy, here's your guide to understanding the...

Bankruptcy & Divorce : 5 Things to Consider in Deciding Which to File First
Bankruptcy & Divorce are two of life’s most difficult challenges. They often occur together as financial stress might lead to divorce and divorce itself might cause financial problems. As a result, you may be thinking about filing for both bankruptcy and divorce...

3 Things to Consider When Your Small Business Can’t Pay its Debts
As a result of the pandemic many small businesses have shut their doors and many more are struggling to survive. A significant number of small businesses continue to accumulate debt and many cannot meet the day to day expenses necessary to continue operating. Small...

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...