The CARES Act, passed by Congress in response to COVID-19, eliminated the penalty for early withdrawal of retirement funds. This was done to provide a source of assets for those struggling to pay their bills. The extra $600 weekly federal unemployment supplement that...
Bankruptcy Basics
3 Things You Must Know If You Are Married but Want to File Chapter 7 Bankruptcy Without Your Spouse
You Can File Bankruptcy Individually Even if Married It is a common misconception that both spouses must file bankruptcy together. Married couples can choose whether to file for bankruptcy together or individually. If, however, both spouses want to file for...
Can I Keep Money I Receive from a Personal Injury Lawsuit in Bankruptcy?
Many clients ask us if they can keep money that they get from a personal injury they suffered if they file bankruptcy. This blog will explain what a personal injury claim is, when it must be disclosed and how much money you can keep if you file bankruptcy. When a...
How to Properly Value Your Home in Bankruptcy
It is important to properly value your home in both a Chapter 7 and Chapter 13 bankruptcy. This blog will discuss why a proper valuation is important and the types of available valuations. Why is it Important to Get a Proper Home Valuation? There are many reasons it...
It’s the New Year. Get a Financial Fresh Start
As 2020 approaches, you are probably thinking about your New Year’s resolutions. This year, consider making a resolution to lose your debt! When you file a Chapter 7 or Chapter 13 Bankruptcy, you are able to eliminate the majority, if not all of your debt. Just think,...
WHAT ASSETS CAN I KEEP IN A CHAPTER 7 BANKRUPTCY-EXEMPTIONS
In Most Chapter 7 Cases Bankruptcy Exemptions Allow People to Keep to Keep Their Property After Bankruptcy Many people are afraid that if they file for Chapter 7 bankruptcy, they will lose their house, their car and all of their personal property. Most Chapter 7...
All I Want for Christmas Is……DEBT RELIEF!
Christmas is a time when you want to focus on family and the joy of the season. If you are drowning in debt maybe the best Christmas present you could give your family is a financial fresh start. In most cases, the primary goal of filing a Chapter 7 or Chapter 13 case...
6 Things to Look for When Hiring a Bankruptcy Attorney
If you are struggling to pay your bills and you are being harassed by aggressive creditors, it might be tempting to hire the first attorney you find. However, choosing your Chapter 7 or Chapter 13 lawyer is one of the most important decisions you can make, so you want...
Top 5 “Must Ask” Questions When Shopping for a Foreclosure Defense Attorney
Choosing a foreclosure defense lawyer is a very important decision and you want to get it right. Here are what we believe are the top 5 questions you must ask a foreclosure defense attorney before hiring them. Number 1: Are You Licensed to Practice Law in New Jersey?...
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...