When you find yourself in the terrible position of overwhelming debt, you may feel trapped and paralyzed. You don't have enough resources to pay off your creditors, you've maxed out your credit cards, and you've taken on terrible new loans to pay off older loans. You...
While bankruptcy is a measure of last resort, its purpose is clear: to provide an overwhelmed debtor with some much needed relief. This relief comes in the form of the discharge of a wide range of qualifying debt. At the end of the day, this is supposed to translate...
Obtaining a discharge of debt from a bankruptcy court is designed to relieve the debtor of having to repay those debts. In theory, this should give some peace of mind and reassurance to a debtor that they can move forward with their lives. Unfortunately, some...
For any homeowner, the prospect of foreclosure is a nightmare. You house is part of your American Dream, your biggest investment, and where your children sleep. Sadly, foreclosure happens a lot as people find themselves in circumstances where they are no longer able...
The New Jersey Appellate Division recently held that a third-party creditor cannot go after real estate owned jointly by spouses to satisfy a judgment that had been entered against one of the spouses. In Jimenez v. Jimenez, Docket No. A-2495-16T1, the plaintiffs...
Debt struggles can be an incredible burden on a person's mental and emotional well being. The constant stress of a growing pile of unpaid bills, the ever-rising interest penalties, and your inability to make ends meet can result in a desire to turn off the lights and...
If you are struggling with debt, you are well aware of this timeless fact: creditors are relentless in their pursuit of money. They are willing to engage in all manner of collection efforts, including harassing letters and phone calls to get what they believe they are...
Bankruptcy is a process in which debtors either give up assets or reach a payment plan in order to pay off creditors, with the ultimate goal of discharging all qualifying debt. There is a lot of hard work and emotional energy that goes into accomplishing this feat....
Bankruptcy 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...
When 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...