If you are feeling overwhelmed by the child support or alimony payments you have been ordered to pay and are considering filing a Chapter 7 or Chapter 13 bankruptcy, it is important to understand that family support payments are considered non-dischargeable debts in...
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Year: 2015
Understanding New Jersey Foreclosures
If you are severely delinquent on your mortgage loan payments and you believe your lender will soon be taking action, it is important to understand how foreclosure works in New Jersey. Foreclosure is the legal process where the lender obtains a court order allowing it...
Considerations in a Business Chapter 7 Case
If you are a business owner struggling with debt, you should consider consulting with an experienced bankruptcy attorney to explore your debt relief options. The attorneys at Levitt & Slafkes can review your individual circumstances and help you understand the...
Do I still have to pay “Charged Off” Debt?
If you are working to resolve your debt, it can be confusing to fully understand which debt relief option is best for you. When a creditor "charges off" your debt, many consumers incorrectly believe it means that they no longer owe the debt. Sadly, this is far from...
Stop a Garnishment before you Lose Money
If you believe your wages or bank account are about to be garnished by a creditor, or you have already received notification that a garnishment has been filed, it is time to consider filing a personal bankruptcy case before you lose money. How does it work? Once you...
New Jersey Foreclosure Deficiency Balances
If you have lost your home in a foreclosure, you may be shocked to learn that you still owe a debt to your mortgage lender! Although the real estate market is slowly recovering, most homeowners in New Jersey have borrowed more than what their home is worth. Thus, when...
Options for Fighting a Foreclosure
If you are struggling to pay your mortgage loan payments and you believe that foreclosure is in your future, don't ignore the problem. The quicker you take action, the more likely you are to obtain a positive result. Avoiding foreclosure, even by filing for...
Filing Bankruptcy when you are Self-Employed
If you are self-employed and considering filing a Chapter 7 or Chapter 13 bankruptcy case, it is important to understand there are a few unique factors that should be considered before you file. You should confer with a knowledgeable personal bankruptcy attorney for...
Common Mistakes to Avoid When Heading Into Bankruptcy
If you are tired of struggling financially and you are ready to do something about your debt, it may be time to consider filing for bankruptcy. By filing a Chapter 7 or Chapter 13 case, you can eliminate your debt and obtain a fresh financial start. When you are...
Levitt & Slafkes Celebrates Victory
Our firm is proud to announce a major victory in bankruptcy court. We represented a married couple that filed for Chapter 13 protection. The couple had a condominium association lien filed against them and we sought to strip it off as unsecured debt. The following...