Short Sales, Possible Tax Consequences and Bankruptcy
Short Sales, Possible Tax Consequences and Bankruptcy

Given the state of the real estate market and the large mortgage debt that many people find themselves in, many of my clients find themselves upside down on their residences.  One of the questions I get asked most often by...

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Bankruptcy Filing and The Automatic Stay
Bankruptcy Filing and The Automatic Stay

One of the most stressful situations that my client's are facing or have faced prior to the filing of their bankruptcy case, is the constant harrassing phone calls and correspondence that they are receiving from their creditors. Many of my...

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Choose Your Bankruptcy Attorney Wisely
Choose Your Bankruptcy Attorney Wisely

If you are contemplating the filing of a bankruptcy, then your have obviously experienced some trying financial times. The overwhelming percentage of people that file bankruptcy file because they have experienced some type of event that has tipped that delicate...

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How a Chapter 13 Can Help You Reduce Your Burdensome Car Payment
How a Chapter 13 Can Help You Reduce Your Burdensome Car Payment

Are you currently paying a burdensome car payment; a payment that is much too high for the vehicle that you are driving. Is the high monthly payment effecting your ability to pay other bills and to properly budget your income. ...

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The Truth About Debt Consolidation
The Truth About Debt Consolidation

We've all heard those radio or television advertisements that claim that they can consolidate your credit card debt and settle it so that you only have to pay as little as 5% of what you actually owe. Sounds great doesn't...

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The Real Estate Market and How a Chapter 13 May Help
The Real Estate Market and How a Chapter 13 May Help

Five or six years ago the real estate market was booming. It seemed that values would just continue to escalate as there was no end in sight to the real estate boom. Many people refinanced during this period or took...

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Bankruptcy and Your Credit
Bankruptcy and Your Credit

As a bankrutpcy attorney, one of the most frequently asked questions that I receive is how will the bankrutpcy filing effect my credit. Most people come in with the pre-conceived (and incorrect) notion that they will have terrible credit for...

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Some Receipts Not Counted as Income in Chapter 7 or Chapter 13 Bankruptcy Cases
Some Receipts Not Counted as Income in Chapter 7 or Chapter 13 Bankruptcy Cases

A main issue in any Chapter 7 or Chapter 13 Bankruptcy case is the calculation of what is known as "current monthly income".    This issue is the often the most important one in determining whether a debtor qualifies for...

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Chapter 7 and 13 Consumer Bankruptcy and Tax Returns
Chapter 7 and 13 Consumer Bankruptcy and Tax Returns

When the Bankruptcy Code was changed in 2005, significant changes were made to the tax return filing requirements for Chapter 7 and Chapter 13 consumer bankruptcy debtors.   The changes increased the need for a Debtor and their counsel to...

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Sheriff’s Sale Adjournments after filing Chapter 7 or Chapter 13 Bankruptcy in New Jersey
Sheriff’s Sale Adjournments after filing Chapter 7 or Chapter 13 Bankruptcy in New Jersey

When a Chapter 7 or a Chapter 13 Bankruptcy is filed and a Sheriff's Sale of a property is scheduled, New Jersey Law does not necessarily require that the mortgage company cancel the Sheriff's Sale.  Instead, the Plaintiff may adjourn...

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