If you have tax liens recorded against you and you are considering filing a personal bankruptcy, it is important to understand how they will be handled in your case. Your personal liability to pay the tax lien is discharged in your bankruptcy filing; however, the lien...
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Year: 2014
How Is My ‘Household Income’ Calculated in Bankruptcy?
When you decide to file a personal bankruptcy, it is important to understand that you will make a full financial disclosure to the court. In other words, you should be prepared to discuss your assets, debts, income and expenditures openly and thoroughly with us. When...
Could Lien Stripping Help You Keep Your Home?
If you are facing financial struggles and you have more than one mortgage on your home, you should consider filing a Chapter 13 bankruptcy case. There are many benefits offered by a Chapter 13 filing. It is a flexible and comprehensive tool for handling all of your...
The Truth About Student Loans in Bankruptcy
You have probably heard that it is extremely difficult to discharge student loans in Chapter 7 and Chapter 13 bankruptcy filings. So, what happens to your student loan when you file a personal bankruptcy? The answer varies depending on your unique situation, the kind...
Got Debt? Time to Take Action
If your paycheck is no longer going as far as it used to and your bills are piling up, it is time to get real about your debt and consider filing a Chapter 7 or Chapter 13 bankruptcy. If you are wondering how you know when it is "the time" to file your case, the first...
When Collection Efforts Get Nasty: Securing Strong Legal Counsel
The statement in a recent national news article that about one in every seven adults across the country "is being pursued" by a debt collector conjures up the image of a nation on the run.A recent report by the Center for Responsible Lending (CRL), a nonprofit group...
Proven Bankruptcy Counsel: Strong Advocate Against Medical Debt
When medical debt rears its ugly head, what emerges as immediately notable are the disturbing numbers associated with it. Here are just a few. Statistics supplied by the national health policy group Kaiser Family Foundation indicate that more than 30 percent of all...
Debunking Misconceptions: What Really Underlies Credit Card Debt
A common viewpoint espoused by some people seeking to explain why certain consumers in New Jersey and elsewhere face a significant level of credit card debt goes something like this: Those people simply don't manage money as well as do others with lower debt levels....
Study Helps Answer Questions Related to Credit Card Debt
Using credit cards and promptly paying off monthly balances is often touted as a smart and easy way to boost one's credit score. But life isn't that simple. A spouse may lose his or her job, a child's illness may require an unplanned trip to the ER or a furnace could...
Failure to Extend Unemployment Benefits Impacts an Estimated 2.3 Million Americans
When opening the newspaper or turning on the television, New Jersey residents are likely to find reports detailing signs of the U.S. economic recovery. While the financial positions of many Americans have improved since 2008, for an estimated 2.3 million Americans...