Bankruptcy

I have been a consumer bankruptcy attorney for over 23 years and during that time I have heard all kinds of unfounded fears that my clients had about Bankruptcy.  Most of these fears or concerns came from misinformation that my...

Here is a partial list of some famous people that have filed bankruptcy. I wanted to add this list here to hopefully alleviate some of the fear, shame or embarrassment issues that you may have when you are considering filing...

The Below article appeared recently in the Wall Street Journal. When I first became a lawyer, my first job was as the Staff Attorney for the Standing Chapter 13 Trustee in the Trenton and Camden vicinages. At that time student...

The Bankruptcy Case of Teresa Giudice - better known as one of the "Real Housewives of New Jersey" - and her husband provides an example of debtors who mindlessly leaped from a very hot frying pan into a much, much...

Chapter 7 Personal Bankruptcy Q & A: How Does a Chapter 7 Consumer Bankruptcy Effect Mortgage Foreclosure, Deficiency Judgments, Short Sales, Deeds In Lieu of Foreclosure & Personal Income Taxes. Mortgage Foreclosure - A Chapter 7 Bankruptcy Discharge DOES NOT...

This Article recently appeared in the New York Times. Come tax time, JPMorgan Chase will be able to write off the $1.5 billion in debt relief it must give homeowners to satisfy the terms of a recent settlement. But the...

New Study Demonstrates that Only 1 in 10 attempts by "Debt Settlement Companies" Prove Successful.   http://nacba.org/News/ConsumerAlertDebtSettlement.aspx Frankly, this supports what experienced Bankruptcy Lawyers have been advising their clients for many years. In many cases, we often advise clients that even...

The dollar amounts stated in various sections of the Bankruptcy Code are updated every three years, and April 1, 2013, is the date of the next update.   While all of the relevant dollar amounts adjust on April 1, the...

Question:  Can a Debt that Arises from a Divorce Proceeding ever be Discharged in a Bankruptcy Case? A.  Yes.    Although, as discussed further, debts which are in the nature of “alimony, maintenance, and support” (“Domestic Support Obligations”) cannot be...

A New Jersey Bankruptcy Court case decided in 2010 addressed the issue whether a Bankruptcy Petition filed by a divorced party who owed attorneys fees to the law firm representing his former spouse could be discharged.   The case also...