When a homeowner is struggling to pay his or her mortgage, it is important to consider every debt relief option. One effective option for homeowners to consider is a short sale, which involves the mortgage lender agreeing to allow the homeowner to sell the property...
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Bankruptcy Options for Businesses
If you are a business owner who is drowning in debt, it may be time to consider filing a business bankruptcy. Depending upon the financial situation your company is facing, you may want to reorganize or liquidate the business. If you are a sole proprietor or you have...
Defending Creditor Lawsuits in Bankruptcy
When you file for bankruptcy protection, the automatic stay prevents creditors from filing lawsuits against you. However, there is a procedure within the bankruptcy court called filing an "adversary proceeding," which is a lawsuit that is filed within your bankruptcy...
Student Loan Relief Scam Busted!
According to the Consumer Financial Protection Bureau (CFPB), a student loan debt relief scam has illegally been tricking borrowers into paying for federal loan benefits. Student Aid Institute, Inc., misrepresented to consumers that it was affiliated with the...
Common Foreclosure and Loan Modification Scams
People who are overwhelmed by debt are unfortunately also targets for con artists. Scammers have learned that desperate people often make rash decisions when trying to improve their financial troubles. One area where scammers prey on individuals in financial distress...
Are You in the Financial Danger Zone?
If you are struggling to make ends meet, the thought of filing for bankruptcy has probably crossed your mind. It is likely a scary thought, but it shouldn't be. The media consistently reports on businesses and celebrities that seek debt relief and makes it sound like...
Top 3 Reasons Individuals Don’t File Bankruptcy…and Miss Out!
We continue to be surprised by the number of people we meet who desperately need debt relief but who refuse to consider filing for bankruptcy protection because of misinformation they have about bankruptcy. Below are some common misconceptions: I will lose everything...
Is New Jersey’s Housing Market Really Recovering?
Reports are showing that New Jersey's housing market is slowly recovering. However, throughout New Jersey the average home sales are still lower than those in peak of the housing bubble.Tg Glazer, president of the New Jersey Realtors Association, stated "[w]e're not...
Should I File Bankruptcy if I Received and Inherited IRA?
If you are considering filing for bankruptcy relief and you have recently inherited an individual retirement account (IRA), it is imperative that you seek advice from a seasoned bankruptcy attorney. The United States Supreme Court made a ruling in 2014 that a debtor...
Debt Relief: A New Approach to Employee Recruitment
With the student loan crisis facing thousands of millennials, companies are taking note and starting to offer debt relief options as a recruitment perk. Most graduates do not care about gym memberships and free snacks as much as they want help with their student loan...