In an effort to stay abreast of the most current events in bankruptcy matters, Bruce Levitt attended the National Association of Consumer Bankruptcy Attorneys 21st Annual Convention, held in San Diego on April 26-28, 2013. Some of the topics that were covered...
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Month: April 2013
How to Eliminate Your Second and Third Mortgages From Your Home
If you have more than one mortgage on your home and the value of your home is less than what you owe on it under your first mortgage, you may be allowed to "strip" the subordinate mortgage lien in a Chapter 13 bankruptcy. Many homeowners obtained second mortgages in...
Facing Foreclosure in New Jersey? Bankruptcy may be the answer
If you are being threatened with the foreclosure of your home, it might be time to consider filing for bankruptcy protection. As soon as you file your bankruptcy case, the automatic stay is effective. The stay prohibits any collection activity, including a foreclosure...
How Chapter 7 Bankruptcy Can Benefit You
Individuals filing for bankruptcy protection most commonly file under Chapter 7 or Chapter 13. Check back with us to learn more about Chapter 13. This blog will focus on the advantages of a Chapter 7 filing:Discharge of unsecured debts. Most personal debts are...
Is a New Jersey Bankruptcy Right for YOU?
A bankruptcy filing takes forethought and planning, but how do you know when it is the right time for you to file your case? There is no formula for determining the right time to file your case, but the circumstances below are indications that a bankruptcy may be...
Why Do a Loan Modification?
If you are struggling to pay your mortgage loan, a modification may be the answer to your troubles. A mortgage modification may lower your monthly payment to an amount you can afford, allowing you to stay in your home. Benefits of a loan modification may...
How to Eliminate Your Second and Third Mortgages From Your Home
If you have more than one mortgage on your home and the value of your home is less than what you owe on it under your first mortgage, you may be allowed to "strip" the subordinate mortgage lien in a Chapter 13 bankruptcy. Many homeowners obtained second mortgages in...
How Chapter 7 Bankruptcy Can Benefit You
Individuals filing for bankruptcy protection most commonly file under Chapter 7 or Chapter 13. Check back with us to learn more about Chapter 13. This blog will focus on the advantages of a Chapter 7 filing: Discharge of unsecured debts. Most personal debts are...