As tax season approaches, we are often asked “can I keep my tax refund if I file a Chapter 7 Bankruptcy?” This blog will provide a general answer to this question. It is important, however, to consult a bankruptcy attorney to determine the best strategy for your...
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Chapter 7 Bankruptcy
The Bankruptcy Means Test and How Does It Works
Updated with latest median income (set starting November 1, 2023) If you are struggling with debt, bankruptcy may offer a way for you to eliminate some or all your debt and get a fresh start. Unless most of your debt is business or tax debt, you must pass the...
Protecting Your Co-Debtor in Bankruptcy
When you file bankruptcy your co-debtors can be affected. How they are affected depend mostly on the type of debt is involved and whether you file a Chapter 7 or Chapter 13 bankruptcy. In this blog we will discuss the impact of your bankruptcy filing on your...
12 Things to Know About the Meeting of Creditors in a Chapter 7 NJ Bankruptcy
Do you have overwhelming debt that you cannot pay and are thinking about filing bankruptcy to get a fresh start? A common question people ask us when they are thinking about filing bankruptcy is, “will I have to go to Court if I file bankruptcy?” In almost all cases,...
Are Homeowners Association Fees Discharged in Bankruptcy?
Are homeowners’ association (HOA) fees and assessments dischargeable in bankruptcy? This is a question we often get from people who live in condominiums or communities that require all homeowners to be a part of an HOA and pay monthly fees and sometimes special...
5 Reasons Why Bruce Levitt Is The Right NJ Bankruptcy Lawyer for You
Filing for bankruptcy can be a stressful and overwhelming experience, but having the right bankruptcy lawyer by your side can make all the difference. Bruce Levitt, a partner at Levitt and Slafkes in Maplewood, New Jersey, is an experienced NJ bankruptcy lawyer who...
Why You Need a Bankruptcy Attorney Who Can Offer Personalized Attention
If you are reading this blog, you are likely overwhelmed with unmanageable debt and have decided to see if bankruptcy might help. You should commend yourself for taking the first step to improve your finances and know you don’t have to approach this process alone. We...
Chapter 7 & Chapter 13 Bankruptcy: Three Fears That Keep People from Filing
There is often a lot of emotion attached to how and when we spend money. For instance, we spend when we are happy and often also indulge in retail therapy when we are bored or sad. While mismanagement of money is sometimes the reason for our financial downfall, more...
6 Questions to Ask a Bankruptcy Attorney at Your First Appointment
Curious about how bankruptcy works and if it might be right for you? The first step is to set up a consultation with an experienced NJ bankruptcy lawyer. Many people are nervous about this first meeting since it involves discussing something as personal as their...
All About Exemptions: An Exploration of Which Assets I Can Keep If I File a NJ Chapter 7 Bankruptcy
Most People Keep All of their Property After a Chapter 7 Bankruptcy A person who files bankruptcy, known as a debtor, is allowed to keep a certain amount of property in order to get a fresh start after bankruptcy. The property a debtor is allowed to keep is called...