Issues can arise when your landlord files bankruptcy such as what happened when a Northeast Philadelphia owner of multiple properties filed bankruptcy. http://www.philadelinquency.com/2015/12/31/what-do-you-do-when-your-landlord-is-bankrupt/ Generally, if...
Month: July 2016
Waiting Periods for Multiple Bankruptcy Filings
The type of bankruptcy initially filed where a discharge is received is a determining factor in the number of years that must pass before a debtor can refile for bankruptcy and again receive a discharge. Whether living in towns such as Moorestown, New Jersey or...
Chapter 7 Bankruptcy Eligibility as Determined by the Means Test
The bankruptcy means test is a significant factor in determining who can file for debt forgiveness through Chapter 7 bankruptcy. See http://www.csmonitor.com/Business/Saving-Money/2016/0718/Why-the-bankruptcy-means-test-matters. It takes into account your...
Student Loan Debt Relief in Bankruptcy
As a general rule, student loans are not discharged in bankruptcy. However, 'Undue hardship' allows bankruptcy judges to forgive student loan debt when filing for personal bankruptcy. Congress has never defined 'undue hardship' in the Bankruptcy Code. Case...
When You File Bankruptcy, You Can Stop Repossession
Creditors may try to repossess your car, truck or your motor home if you are behind in payments. Filing for bankruptcy will stop asset repossession. If you file bankruptcy, creditors cannot repossess assets such as a car. If you are behind with your...
Negotiating Mortgage Interest Rate Reductions and Credit Term Extensions with Banks
Divorce, loss of income and illness have caused a number of homeowners in Cherry Hill, NJ, Mount Laurel, NJ and other New jersey towns to fall behind with their mortgage. Filing a Chapter 13 bankruptcy to pay missed mortgage payments over time is not the only option...