The pandemic led the Governor of New Jersey to place a moratorium on foreclosures and evictions during the pandemic. In addition, Governor Murphy signed into law Order 229 which prohibited public and private electric gas and water utilities from disconnecting because...
Chapter 7
Know these two important bankruptcy laws when you file
If you are filing for bankruptcy, it is important to know the different laws that are in place to help you. One of those is The Fair Debt Collection Practice Act, or FDCPA. The other is that you may not end up having all of your debts discharged in bankruptcy because...
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”.
Unemployment and credit card debt.
NJ Department of Labor is extending NJ unemployment for up to 20 additional weeks. In addition, Congress is discussing a further Stimulus package since the Federal Unemployment runs out end of July. For many people, this income is enough to cover normal living...
How long does a bankruptcy stay on your record?
Bankruptcy can offer you relief from the overwhelming burden of debt, but it can also impact your finances. Record of a bankruptcy filing will remain on your credit report for years, and the filing will be considered in calculating your credit score. As a result, it...
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...
I DON’T WANT TO INCLUDE MY CAR IN MY BANKRUPTCY
Whether I am in my office in Willingboro New Jersey or in Northeast Philadelphia I often hear the same statement when a client comes in to file a Chapter 7 bankruptcy- "I don't want to include my car in the bankruptcy ". While keeping a car is generally not a...
Keeping Your Home In A Chapter 7 Bankruptcy
The increase in exemptions available in New Jersey to protect the equity in your home has made it easier to keep your home in a Chapter 7 Bankruptcy. As of April 1, 2019 the exemption a home owner is allowed under federal exemptions, which are used in New Jersey,...
Bankruptcy Trustee Suing College to Recover Tuition Paid By Debto
Bankruptcy trustee suing college to recover tuition. What happens when you pay your child's college tuition and then file a chapter 7 bankruptcy within the next couple of years? Some bankruptcy trustees are suing the colleges to get the money back to pay the...
Risk for Cosigner When Bankruptcy is Filed
At one time or another, most people have been asked to cosign a loan. The request is made because the credit of the borrower prevents that borrower from getting credit on their own. When someone agrees to cosign a loan, they are doing more then just lending their...

