Menu
Call us Today to Set Up
A Free Case Evaluation
Search
Call us Today to Set Up A
Free Case Evaluation
${site.data.firmName}${SEMFirmNameAlt}
Take Control of Your Financial Future
${site.data.firmName}${SEMFirmNameAlt}
Get The Fresh Start You Deserve
973-323-2953
Se Habla EspaƑol
Contact Us
View Our Practice Areas

Bankruptcy Law Archives

Credit Counseling and Bankruptcy

Credit Counseling and Bankruptcy.jpgBankruptcy is a measure of last resort when it comes to debt relief. In fact, bankruptcy laws and the courts are designed to specifically protect people who actually need the relief, and not people who don't actually need it. This is because there is a delicate balance of the property rights of creditors to money they are owed versus the rights of debtors to get out of the prison of insurmountable debt.

Forgiveness of Debt Income

Forgiveness of Debt Income.jpgWhen you have made the tough decision to file for bankruptcy relief and the dust has settled, the absolute last thing you want to think about is preparing your tax return. However, in order to rebuild your credit after bankruptcy, it is really important to make smart financial decisions and to be consistently aware of traps. One debt-related subject that is often misunderstood is how debt forgiveness is treated when it comes to your taxes.

Bankruptcy Mistakes to Avoid

Bankruptcy Mistakes to Avoid.jpgThe purpose of bankruptcy is to provide much-needed relief to debtors who are unable to repay their outstanding debts. This relief brings the ability to sleep better at night, without the constant stress of trying to make minimum payments, of constantly struggling to make ends meet, and of aggressive creditors. However, it is entirely possible to jeopardize and harm your ability to reap the benefits of bankruptcy.

What Are the Effects of a Stay in Bankruptcy Proceedings?

What Are the Effects of a Stay in Bankruptcy Proceedings.jpgBankruptcy offers relief and protection to people who have unsuccessfully exhausted all avenues to get out from under their debt. It is fortunate that these legal options exist, as the non-stop efforts of aggressive debt collectors, repossession attempts, and the threat of foreclosure can take an incredible psychological toll. If you are facing a financial crisis, your should speak with a bankruptcy attorney to learn about your options.

5 FACTORS TO CONSIDER IN DECIDING WHETHER TO FILE BANKRUPTCY BEFORE DIVORCE

5 FACTORS TO CONSIDER IN DECIDING WHETHER TO FILE BANKRUPTCY BEFORE DIVORCE Bankruptcy and divorce are two of life's most upsetting challenges and are often intertwined.  Financial stress may be a factor in the decision to get divorced.  Divorce itself may cause financial stress.  We are often asked by people headed for both bankruptcy and divorce which should come first?  Read on to learn more about what to consider when deciding which you should file first: bankruptcy or divorce?

Understanding Debt Classifications in Bankruptcy

Understanding Debt Classifications in Bankruptcy.jpgBankruptcy proceedings are often intense and incredibly complex. For the uninitiated, the terms that attorneys and judges throw around often sound like a different language. Nevertheless, if you are interested in learning more about bankruptcy, it is important to learn some of the fundamental concepts so that you can make well-informed decisions.

A Checklist for Your Post Bankruptcy Life

A Checklist for Your Post Bankruptcy Life.jpgThe choice to file for bankruptcy is a difficult one. In short, bankruptcy proceedings are not a pleasant experience and involve a lot of hard work and difficult decisions. However, once you get to that well-earned finish line and obtain a discharge order, you really have an opportunity to take some control over your financial future. In doing so, we would recommend that you consider the following ideas:

Our bankruptcy attorneys will help you escape debt and
face the future with optimism.

Email Us For A Response

Begin Your New
Financial Life
Today

Office Location

Levitt & Slafkes, P.C.
515 Valley Street
Suite 140
Maplewood, NJ 07040

Phone: 973-323-2953
Fax: 973-313-1240
Map & Directions

google map