Bankruptcy

A recent bankruptcy case highlights the issue of how, through the assistance of experienced and competent counsel, and use of the bankruptcy law protections, a bankruptcy debtor could legally protect their assets from their creditors and how the specific issues...

A huge mistake that many of my clients make is that the cash in their 401k plans or IRA accounts in order to pay off debt. Most of these clients have already made this mistake prior to meeting with me.  Their intentions...

I'm sure many of you are receiving all kinds of offers from credit card companies offering low interest rates, 0% to 2.99% on balance transfers or new purchases.  These seem the perfect opportunity to pay off those higher interest rate...

Many clients have delayed coming in for a consultation because they fear they won't qualify for a bankruptcy.  Most of the time, they have this fear because of misinformation they have received from friends or family or even from creditors.  The...

The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA ) became operative on October 17, 2005. A little more than six months later, the Case-Shiller index of real estate values reached their peak and began a free-fall that hasn't stopped yet. (http://www.ritholtz.com/blog/wp-content/uploads/2011/04/2011-Case-SHiller-updated.png )...

Even though more Americans are piling on debt, fewer are seeking help in trying to get their finances back on track. Poverty in this country has increased, unemployment rates continue to hover around 9% according to the U.S Department of...

I have discussed in a previous post the eligibility requirements for a loan modification under the HAMP program, now I would like to give you some idea how the mortgage company will determine if you will be offered a modification. ...

Late in 2010, the New Jersey Supreme Court had issued a moratorium on foreclosure filings in New Jersey by six of the largest banks, including GMAC, Bank of America, JP Morgan Chase, Wells Fargo, City Bank and West One. The...

Fear of the unknown, pride, uncertainty, misinformation, stubbornness, distraction, and cash flow are just some of the reasons that keep people from getting their financial life  in order with a bankruptcy filing.  The problem is that without it you may...

Everyone it seems is attempting to get a loan modification these days. Anyone that has attempted to modify their mortgage knows that the process can be extremely frustrating. One way to make it somewhat less frustrating is to make sure that you...