Menu
Call us Today to Set Up
A Free Case Evaluation
Search
Call us Today to Set Up A
Free Case Evaluation
${site.data.firmName}${SEMFirmNameAlt}
Take Control of Your Financial Future
${site.data.firmName}${SEMFirmNameAlt}
Get The Fresh Start You Deserve
973-323-2953
Se Habla EspaƑol
Contact Us
View Our Practice Areas

Chapter 13 Archives

Bankruptcy: What is the Limit on Assets for Chapter 13 Eligibility?

Bankruptcy What is the Limit on Assets for Chapter 13 Eligibility.jpgWhile many debtors find Chapter 7 bankruptcy to be an attractive choice for filing due to the discharge available in three to six months, if they cannot pass the Means test, they must file for Chapter 13 instead. Known as the income-based bankruptcy, Chapter 13 offers many different benefits to the filer; for instance, if your home is under threat of foreclosure, it will be stopped immediately with the automatic stay, an injunction which prohibits creditors from pursuing any collections activity throughout the duration of the bankruptcy. If you are behind on payments, they can also be included in the repayment plan, allowing you to catch up-if you are also making your normal monthly.

Understanding the Different Types of Bankruptcies

Thumbnail image for Understanding the Different Types of Bankruptcies.jpgUnless you have filed for bankruptcy previously or are an experienced bankruptcy attorney, you probably have many questions about the differences between Chapter 7, Chapter 11, and Chapter 13 bankruptcies, whether one would be right for your situation.

Chapter 7 & Chapter 13 Bankruptcy: Three Fears That Keep Debtors from Filing

Chapter 7 & Chapter 13 Bankruptcy Three Fears That Keep Debtors from Filing.jpgThere is often a lot of emotion attached to how and when we spend money. For instance, we spend when we are happy, we indulge in retail therapy when we are bored or sad, and we may even feel depressed when we cannot pay the bills. While mismanagement of money is sometimes the reason for our financial downfall, more often it is due to an unexpected life event like a major illness, car accident, loss of job, or even divorce.

After Bankruptcy: Plan for Good Financial Health

after bankruptcy plan.jpgIf you are considering bankruptcy or have just filed, you are probably looking forward to exiting a dark time. Financial problems can happen to anyone-but no matter the level of accomplishment or income you may have achieved, people often feel embarrassed when they file Chapter 7 or Chapter 13 bankruptcy. Hundreds of thousands of people file bankruptcies every year in the United States, often doing so after years of struggling to keep up with the ever-increasing cost of living. And as you may have experienced, mild financial problems escalate quickly when an unexpected (and expensive) event occurs like the loss of a job, illness, divorce, and more.

Managing Your Stress Levels When Money is Tight

Managing Your Stress Levels When Money is Tight.jpgYou can probably relate to the ups and downs of trying to get by financially today. Millions of others around the US are feeling the stress of balancing the household budget also, especially as the cost of living continues to rise while wage increases for many either are insufficient or are completely nonexistent. The way we feel when we have a positive grip on our finances can be hard to describe-but the reverse can often be defined as disturbing, anxiety-inducing, and downright nightmarish. Much of this stems from feeling helpless-and you very well may be somewhat helpless to pay numerous bills, especially if you have been hit hard by a medical issue, unemployment, divorce, overwhelming student loan debt and more.

On the Verge of Bankruptcy & Divorce: Filing with a Strategy in Mind

on the verge of.jpgAs most will attest, marriage and money can be a complex combination. When you got married, you and your spouse likely merged finances with a positive outlook, looking forward to all the benefits of a strong partnership. As the years pass though, there are inevitable challenges which must be weathered together-and finances are often connected to them in one way or another.

Avoid Any Question of Fraudulent Behavior When Filing for Bankruptcy

avoid any question of.jpgAlthough most debtors preparing to file for bankruptcy are under serious financial duress, they may still have issues regarding spending and asset allocation that require consideration in pre-planning. You may be eager to get your case rolling along-whether filing for Chapter 7 bankruptcy or Chapter 13-but it is imperative that you consult with your attorney regarding your entire financial picture, including all open accounts, recent purchases on credit, property exchanges that could raise concerns, and more.

After the Bankruptcy Discharge: Forging Ahead on a Positive Note

after the bankruptcy.jpgWhile many still see a stigma attached to the process of filing for bankruptcy, just as many debtors (and some in the public eye) are completely upfront about their financial struggles. You may have friends or family who have filed after extreme financial challenges. While they began the process in a state of stress, once their debts were discharged you may noticed them announcing their joy on social media, calling loved ones, and celebrating overall. This is indeed a time for rejoicing, as the discharge of debts represents a clean start and new control over finances.

Chapter 7 & Chapter 13: What is Bankruptcy Pre-Planning?

Chapter 7 & Chapter 13 What is Bankruptcy Pre-Planning.jpgLike millions of others before you in the US, you may have decided to file bankruptcy due to an overwhelming amount of debt. You probably never expected to be in such a position, but life is full of surprises and unfortunately, they are not always good when it comes to finances. If you have been struggling with a torrent of medical bills after a car accident, the loss of your job, a difficult divorce, or maybe even all these events in the past few years, filing for bankruptcy may be the best solution.

How Many Times Can I File for Bankruptcy?

How Many Times Can I file for Bankruptcy.jpgThe goal behind filing for bankruptcy is to pave a new financial path for yourself, free of debt. The stories behind bankruptcy vary, however, and are often the result of unexpected, even catastrophic events. And just because something happens once, unfortunately, does not mean it can't happen again.

Our bankruptcy attorneys will help you escape debt and
face the future with optimism.

Email Us For A Response

Begin Your New
Financial Life
Today

Office Location

Levitt & Slafkes, P.C.
515 Valley Street
Suite 140
Maplewood, NJ 07040

Phone: 973-323-2953
Fax: 973-313-1240
Map & Directions

google map