For years, New Jersey homeowners saw their homes rise in value. During this time, many homeowners took out second or third mortgages or home equity loans. Even now, eight years after the beginning of the housing crisis, many homeowners are still underwater in their...
Let Our 30 Years Of Experience Work For You
Year: 2016
Students Paying on their Parents’ Loans
In a new twist on the student loan crisis, this year has seen a growing number of students paying on their parent's loans. The problem started with the Parent PLUS loan system, a system that is notorious for granting parents large amounts with few strings attached. To...
Dance Mom’s Prison Sentence
Dance Mom Abby Lee Miller is due in court this month to be sentenced for her role in a bankruptcy fraud case. The case began nearly four years ago, when Miller filed for Chapter 11 bankruptcy, claiming her business made only $8,899 per month. This misstatement might...
Military Service and Bankruptcy
If you are on active military duty, a disabled veteran, or planning to enlist in the armed forces, you may be wondering how your military status may affect your bankruptcy. If you are a member of the armed forces, you have the same right to file for bankruptcy...
BEWARE OF LOAN MODIFICATION SCAMS
On December 31, 2016 the Home Affordable Modification Program ("HAMP") which has helped homeowners save homes for the past six years is scheduled to expire. Homeowners who have applications for modifications which are submitted up to that date will still be eligible...
How the Trustee Thinks
Every Chapter 7 or Chapter 13 bankruptcy filing requires a 341(a) Meeting of Creditors. While your creditors are notified of this meeting, in practice creditors rarely attend. Instead, generally the only people present at this meeting are you, your attorney, and the...
How will a bankruptcy affect my children?
If you are the parent of minor children, you may be worried about how declaring bankruptcy may affect their lives. The good news is that for most filers, a bankruptcy does not negatively affect their children. An experienced bankruptcy attorney can help you...
New Webinar on Reverse Mortgages
Levitt & Slafkes is proud to announce that on November 7, 2016, attorney Bruce Levitt will be leading a continuing legal education webinar on the subject of reverse mortgages. Together with attorney Victor Medina of the Medina Law Group, these two attorneys will...
3 Celebrities who have Comeback after Bankruptcy
Many Americans are struggling to get by or just barely make it. If you have fallen behind on bills, mortgage payments, or other debt you are not alone. Many celebrities have filed for bankruptcy in order to have a fresh financial start, and ended up making a comeback...
Consumer Rights in the Supreme Court this Term
If you are applying for a job, it is likely that your potential employer will search for your name online. It is becoming increasingly more common to find companies using online information as part of a formal or informal background check before extending a job offer....