Since bankrupcy is a federal law, whether filing bankruptcy in Voorhees, New Jersey or Philadelphia, Pennsylvania, the information to be provided is the same. Section 521 of the bankruptcy code, entitled "Debtor's Duties" lists different requirements. The...
Law Office of Robert Braverman, LLC
Discharging Willful and Malicious Damages in Bankruptcy
Damages caused by willful and malicious injury to another person cannot be discharged in bankruptcy. Bankruptcy discharges many kinds of debt. However, there are some exceptions under Section 523 of the bankruptcy code. One type of exception relates to Willful and...
Reestablishing Credit after Bankruptcy
Each year a number of people file for bankruptcy protection as a responsible means of getting their financial lives back on track. Across the United States, over eight hundred thousand individuals filed for personal bankruptcy in 2015 and in New Jersey that number was...
Losing Security Deposits when a Landlord Files Bankruptcy
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...
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...
The Pros and Cons of Personal Bankruptcy
Pro: Bankruptcy can often be used to eliminate or significantly reduce unsecured debt.Con: Not all debt can be removed during bankruptcy, student loan debt, some taxes and child support obligations generally may not be discharged.Pro: An automatic...

