In 2005, the Bankruptcy Code was amended. Part of the amendment included a formula to be used by the courts to determine if an individual is eligible to file a Chapter 7 case. This formula is referred to as the "means test." The purpose of the means test is to prevent...
Let Our 30 Years Of Experience Work For You
Month: May 2013
Bruce Levitt Talks Bankruptcy
Bruce Levitt talks bankruptcy in an interview with laws.com. Click on the links to read more of this interview or law in general.
Casey Anthony’s Chapter 7 Bankruptcy
Casey Anthony filed a Chapter 7 bankruptcy case earlier this year. You probably recall that Ms. Anthony was charged with murdering her two year old daughter, Caylee. At first Anthony alleged that her daughter was kidnapped by her nanny, and then she changed her story...
Own an iPad? Check These Legal Apps Out!
Modern technology is an amazing thing, if you can keep up with it! If you own an iPad or iPhone, you may want to take a look at these apps to see if they can make your life run a little smoother:· WestlawNext....
Bankruptcy Dollar Amounts Increased April 1, 2013
Various dollar amounts in the Bankruptcy Code were increased for cases filed on or after April 1, 2013. As a result, several official bankruptcy forms have been revised to reflect the new dollar amounts, including the official Proof of Claim form, as well as a number...
Facing a New Jersey Foreclosure? You aren’t alone.
Recent foreclosure statistics for New Jersey are alarming. While the rest of the country appears to be emerging from the recession in the housing market, foreclosures are still on the rise across New Jersey. CoreLogic shows the Garden State with the second highest...
Can You Pay Student Loan Debt With Your Credit Card & Discharge It in bankruptcy?
We have seen recent discussions regarding whether a recent graduate can pay his or her student loan with a credit card, then file for bankruptcy and discharge the debt as an unsecured credit card debt. While this strategy may seem like a good plan for circumventing...
Shelley Slafkes & Bruce Levitt – Speakers at Recent Bankruptcy Seminar
On April 16, 2013, Shelley Slafkes and Bruce Levitt were speakers at a live Continuing Legal Education (CLE) Seminar titled "Consumer Bankruptcy 101: Adding Chapter 7 & 13 Bankruptcy to Your Practice." As premier bankruptcy attorneys, Shelley and Bruce gave advice...
Doctors Filing Bankruptcy in New Jersey
According to a recent MoneyCNN.com article, many doctors are being pushed into filing for bankruptcy protection. While many physicians are able to keep their practice going after their bankruptcy filing, for some it ends their career. According to the article , it is...
Chapter 7 and Chapter 13 Bankruptcy
The two main types of consumer bankruptcy filings are Chapter 7 and Chapter 13. Below is a short summary explaining the differences between each type of filing. Chapter 7 You must be eligible to file a Chapter 7 case. To determine if you qualify, you must pass the...