Live Chat Software

Call us Today to Set Up A
Free Case Evaluation

Call Us Today To Set Up
A Free Case Evaluation

Levitt & Slafkes, P.C. - Essex County Bankruptcy Attorneys

Get The Fresh Start You Deserve

Levitt & Slafkes, P.C. - Essex County Bankruptcy Attorneys
GET THE FRESH START YOU DESERVE

PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us virtually. Please call our office to discuss your options.

COVID-19 Information 

Bankruptcy &
Debt Relief For
Individuals and
Businesses

Chapters 7, 11
and 13

FIND OUT MORE

Foreclosure
Defense &
Mortgage
Litigation

Saving Homes
Fighting Banks

FIND OUT MORE

Loan
Modifications

Preventing
Foreclosure

FIND OUT MORE

Commercial and 
Bankruptcy
Litigation

State Federal &
Bankruptcy Court

FIND OUT MORE

Bankruptcy & Debt Relief For
Individuals and Businesses

Chapters 7, 11 and 13

Find Out
More

Foreclosure Defense &
Mortgage Litigation

Saving Homes Fighting Banks

Find Out
More

Loan Modifications

Preventing Foreclosure

Find Out
More

Commercial and Bankruptcy
Litigation

State Federal &
Bankruptcy Court

Find Out
More

Judge Debunks Common Bankruptcy Myths

| Sep 3, 2016 | Bankruptcy Basics |

This summer, Chief United State Bankruptcy Judge Jason Woodard met with community leaders and debunked common bankruptcy myths. Judge Woodard presides over the northern district of Mississippi, the poorest district in the nation. That district, like so many others nationwide, is seeing a gradual decrease in monthly filings, trending toward a leveling off of bankruptcy filings from year to year.

In a rare glimpse into the mind of a distinguished bankruptcy judge, Judge Woodard took the time to dispel common misconceptions about bankruptcy filings. One of the pervasive beliefs about bankruptcy is that those who file for bankruptcy are financially irresponsible. At Levitt & Slafkes, P.C., we know that nothing could be further from the truth. Many of the underlying causes of financial distress have little to do with a bankruptcy filer’s financial responsibility and more to do with family and personal circumstances beyond the filer’s control.

In his remarks Judge Woodard told the crowd that financial irresponsibility was not among the common causes of the bankruptcies he presides over. “A lot of times it’s driven by market forces, it’s driven by divorce or illness or a job loss,” Judge Woodard said.

Judge Woodard summed up in one word the bankruptcies in his district: necessary. For many, filing bankruptcy is not merely one of several options to regain control of their financial lives. For many people, bankruptcy is the only choice that can give them the fresh financial start they need.

As part of his remarks, Judge Woodard dispelled these and other myths and explained the bankruptcy process to the community group. Summing up for the crowd, Judge Woodward remarked, “so part of what we talked about today is what bankruptcy is and why it’s necessary for some many people especially here in Mississippi, the poorest state in the union.”

Our attorneys help clients throughout New Jersey decide whether bankruptcy is necessary in their situation. If you are struggling with debt, we can help. Now is the time to schedule a free initial consultation at Levitt & Slafkes, P.C. to see what our attorneys can do to give you a fresh financial start. Contact our attorneys online by filling out the form or by calling 973-323-2953 to schedule a free initial consultation.

Archives