Many of our clients have been responsible with their finances all of their lives, but they had an unexpected negative event occur in their life that devastated them financially. The most common examples of negative events that lead to a bankruptcy filing are loss of a...
Many people who meet with us want to know if they can keep their car if they file for Chapter 7 bankruptcy. This is very important because the car is needed for many people to get to work or to school As with most things, the answer is "it depends." However, most...
On November 17, 2014 our very own Bruce Levitt will be the moderator and a speaker at a seminar sponsored by the New Jersey Institute for Continuing Legal Education (ICLE) called "Bankruptcy Basics 2014." This program is designed for lawyers who do not handle...
One of the most common questions we get from our clients is whether they can buy a home after filing for bankruptcy, and if so, how long they must wait to be eligible to do so.The short answer to the first question is "yes," you will be able to buy a new home...
When you emerge from bankruptcy, you have a fresh financial start. Thus, it is important to have a clear strategy for re-establishing good credit and finances after bankruptcy. Below are a few tips to consider: Establish your household budget. It is important for your...
When you are facing financial troubles, it can result in a wide variety of emotions. Financial distress often causes embarrassment, depression, shame and anger. Allowing these emotions to build and go unresolved can have a significant negative impact on your health....
If you are like many adults, your role with your parents has shifted. You are now the caretaker and they are in need of your assistance. When you have a parent that is struggling financially, it is natural to want to help them. In today's economy, many grown children...
If you have tax liens recorded against you and you are considering filing a personal bankruptcy, it is important to understand how they will be handled in your case. Your personal liability to pay the tax lien is discharged in your bankruptcy filing; however, the lien...
When you decide to file a personal bankruptcy, it is important to understand that you will make a full financial disclosure to the court. In other words, you should be prepared to discuss your assets, debts, income and expenditures openly and thoroughly with us. When...
If you are facing financial struggles and you have more than one mortgage on your home, you should consider filing a Chapter 13 bankruptcy case. There are many benefits offered by a Chapter 13 filing. It is a flexible and comprehensive tool for handling all of your...