Federal laws do limit what kind of bankruptcy you can file based on your economic circumstances and also how frequently you can file.
Chapter 13
Chapter 13 Can Save Homes As New Jersey Mortgage Moratorium Ends
As a result of the Coronavirus, New Jersey imposed a mortgage moratorium to temporarily stop mortgage foreclosures from proceeding to help people keep their homes. However, on November 15, 2021 that moratorium ended. As a result, foreclosures can again proceed....
Is it possible to end Chapter 13 bankruptcy early?
If you are going through a Chapter 13 bankruptcy and suddenly find yourself in the position where you could pay off the bankruptcy early, you may want to know if it’s possible to do so. The truth is that you cannot typically finish the plan early unless you’re willing...
Is it Possible to Have Too Much Debt to File a Chapter 13 Bankruptcy?
So what happens if your debt exceeds those limits? You can still file a chapter 11 bankruptcy to deal with the debt. A chapter 11 is more expensive and more complicated, but it generally allows you to accomplish the same thing.
USING CHAPTER 13 TO PAY REAL ESTATE TAX LIENS
Generally the tax lien purchasers will not accept from the homeowner monthly payments but only the entire balance owed. That is where a Chapter 13 can be used. It would allow you to pay the back real estate taxes over 3 to 5 years.
Getting a house after Chapter 13 bankruptcy
The good news is that most people who go through Chapter 13 bankruptcy have an opportunity to get a loan for a new home in as little as a year.
CAN I DISMISS MY BANKRUPTCY CASE?
Can I dismiss my bankruptcy case if I decide to not proceed with the bankruptcy. The answer is, “it depends”.
What is a Chapter 13 repayment plan?
A Chapter 13 repayment plan is one that allows you to keep your assets and repay mortgage or car arrears and a portion of your debts through a monthly payment program. The Chapter 13 repayment plan, as a part of Chapter 13 bankruptcy, allows you to repay a portion of...
SHORT SALE, DEED-IN-LIEU, FORECLOSURE AND CHAPTER 13 BANKRUPTCY
When you fall behind with your mortgage, the lender can file a foreclosure for the purpose of selling your home and paying the proceeds towards what you owe them. If you can afford to make your mortgage payments and pay the missed payments over 5 years, you can file a...
McDowell Law PC Bankruptcy Case Issue Before Supreme Court In October 2020
Daniel Reinganum, Esquire an attorney at McDowell Law, PC in Maple Shade New Jersey argued in bankruptcy court that when a debtor files for bankruptcy after their vehicle has been repossessed but before it has been resold, the creditor must return the vehicle without...