When you explore or file for Bankruptcy, you are taking the first steps to improving your financial "health", but it is important to remember your personal and mental health, too. Financial distress can be stressful and overwhelming. Per a study from Northwestern...
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Year: 2019
Effective Defenses to a Foreclosure Lawsuit
A defense is a reason why the Plaintiff (the Bank in a foreclosure lawsuit) should not win their case. You tell the Court your defenses when you answer the summons and complaint. You must then prove your defenses in Court. If you prove your defenses then the...
BRUCE H. LEVITT HAS BEEN CERTIFIED AS A MEDIATOR
Levitt and Slafkes, P.C. is pleased to announce that Bruce H. Levitt has been certified as a civil case mediator in the State of New Jersey. In order to become a mediator Mr. Levitt completed the Civil Mediation Training Course offered by the New Jersey Institute for...
Shelley and Bruce Attended the National Association of Consumer Bankruptcy Attorney’s 27th Annual Convention
In an effort to stay abreast of the most current events in bankruptcy matters, Bruce Levitt and Shelley Slafkes attended the National Association of Consumer Bankruptcy Attorneys 27th annual convention held in Cleveland on May 16-19, 2019. Some of the topics that were...
What Are Mortgage Servicer Abuses?
It is a fact that mortgage lenders make mistakes. Those mistakes often result in homeowners paying more than they are supposed to. There are also many homeowners who are being foreclosed upon that have been victims of mortgaging servicing abuse. The lawyers at...
What is an Individual Chapter 11 Bankruptcy?
It's unlikely that you will choose to file for Chapter 11 bankruptcy. Most people file for Chapter 11 only because they do not qualify for Chapter 7 or Chapter 13 bankrupcy. Chapter 11 is a more complicated chapter and therefore attorney's fees are significantly...
NEW DEBT LIMITS FOR CHAPTER 13 BECAME EFFECTIVE APRIL 1, 2019
Individuals have several options when filing bankruptcy. Chapter 13 is often preferred for individuals with regular income who wish to keep their homes that have equity and other secured assets. In a Chapter 13 filing, the court will approve the debtor's three to...
The Threat of Foreclosure
The threat of foreclosure can be an incredibly unnerving experience. Despite your best efforts, you have been unable to keep up with your mortgage payments, which has led to the stress of phone calls, notices, and threats that you will lose your home. And to make...
Secured and Unsecured Debt and Why it Matters in Bankruptcy
If you are in debt and are considering filing bankruptcy, one of the main questions on your mind is likely whether the bankruptcy will discharge (eliminate) your debt. The answer depends heavily on whether your debt is secured or unsecured. Having a basic...
What are the Tax Consequences of Settling Credit Card Debt?
If you are looking for an alternative to filing for bankruptcy protection, you may be considering settling your debt. In debt settlement, you negotiate with your lender(s) to pay a smaller amount than what is owed as payment in full. While this may seem like the...