You’ve come to the conclusion that you need to file for bankruptcy as a means of getting your finances back on track. However, if you don’t consider the impact it will have on your future, as well as the steps you can take to protect yourself, you could soon find...
Law Office of Robert Braverman, LLC
What debts aren’t eligible for a discharge during bankruptcy?
Bankruptcy is a legal process that allows someone unable to repay their debts to eliminate or discharge those debts. While there are many parts of bankruptcy that are beneficial, such as the automatic stay that stops collection activity, for most people, the discharge...
Can creditors stop the discharge of a debt during bankruptcy?
Although bankruptcy is a system intended to protect individuals and businesses from financial hardship, the law also includes many protections for financial institutions and those owed money by people seeking a discharge.
Many debt solutions cause more problems for you
Most people who commute for their job have heard pitches from a debt solution company at some point on the radio. Some companies advertise consolidation, offering to let people cut the interest rate they pay on their credit card balances. Other companies may offer...
The CARES Act and Bankruptcy
In response to the financial impact of the Coronavirus, Congress passed the CARES Act which provides individuals and businesses various forms of relief, such as stimulus checks and increased unemployment. The CARES Act also includes provisions that specifically impact...
Small Business Bankruptcy and Stay at Home Orders
As Stay at Home Orders continue because of Covid 19, Small Businesses will continue to be hit hard financially. Whether your business is a Salon in Cherry Hill New Jersey closed completely, a restaurant in Maple Shade New Jersey whose business has been reduced to...
Social Distancing, Bankruptcy and Foreclosures in New Jersey
Mortgage companies were proceeding against home owners in arrears before we all knew what Social Distancing was, and they will continue after the Coronavirus goes away. However, at least in New Jersey there is a 90 day moratorium on foreclosures. Eventually, the...
Bankruptcy and the Coronavirus
The coronavirus ( COVID 19 ) has had an impact on bankruptcy and the bankruptcy courts just like it has had an impact on all aspects of life. However, bankruptcy remains a viable option to deal with its impact on financial circumstances both during and after the virus...
Bankruptcy Relief for Family Farmers
The Family Farmer Relief Act of 2019 was recent passed to make bankruptcy more readily available for the struggling family farmers. While a streamlined form of bankruptcy is available in Chapter 12 of the bankruptcy code, it was only available to family farmers with...
BANKRUPTCY HELP FOR VETERANS
The Haven Act of 2019 is intended to help more veterans qualify for Chapter 7 Bankruptcy. Prior to the law change the bankruptcy courts would include Veteran Disability Benefit Payments in the calculation of disposable income even though Social Security Disability...