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In New Jersey, after a mortgage lender has obtained a final foreclosure judgment, they can schedule a Sheriff’s Sale of the property. It is important to know that the Sheriff’s Sale won’t happen immediately because there is a specific process that must be followed....
Social media sites such as Instagram, Facebook and TikTok continue to grow in popularity. These sites have impacted many aspects of society, including the practice of bankruptcy law. While social media sites give people a chance to connect with friends and family,...
Bruce Levitt, of Levitt & Slafkes is pleased to announce a victory in the case of Techbiz Solutions, Inc.,vs. Beverly Patton, in which he successfully vacated a tax lien foreclosure judgment which allowed our client to get back her home. In New Jersey, homeowners...
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...
A Chapter 13 bankruptcy can be a lifeline for individuals and families facing unmanageable debt. It can also help you save your home from foreclosure. One important aspect of a Chapter 13 bankruptcy is that it must be feasible. In this blog post we will discuss what...
This blog will discuss an important new case in New Jersey in the area of tax lien foreclosure. This case can be helpful to New Jersey property owners who have recently lost their property in a tax lien foreclosure. Imagine you own a house worth almost...
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...
How Does A Reverse Mortgage Work? Many older adults use reverse mortgages to manage house payments or to tap into their home equity without having to sell their home. The loan is called a "reverse mortgage" because over time the mortgage balance increases, rather than...
If you are in a Chapter 13 bankruptcy and because of changed circumstances you can’t make your Chapter 13 Plan payments, the bankruptcy rules allow you to convert your case to a Chapter 7 bankruptcy. What Does Conversion Mean? Converting your Chapter 13 case means...
When and How to Modify a Chapter 13 Bankruptcy Filing for a Chapter 13 bankruptcy can be a lifeline for individuals struggling with overwhelming debt. When you file a Chapter 13 bankruptcy, you are required to submit a repayment plan that must be approved by the...