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June 30, 2017 David L. Stevens Bankruptcy

The Summary Judgment Standard & Bankruptcy

The opportunity for summary judgment (either partial or complete) is one of the great benefits of the federal rules, and one of the strongest reasons for parties in state court actions to remove...

June 14, 2017 Scura Law Firm Bankruptcy

When Is it Time to Consider Filing for Bankruptcy?

Considering filing for bankruptcy is never easy, in fact, it will probably be one of the most difficult financial decisions that one will make. Nevertheless, once the decision is made and people...

May 31, 2017 Christopher J. Balala Bankruptcy

Leaving Your Co-Debtor as the Sole Debtor

It is important for every individual who is filing bankruptcy to consider whether they want to file their case individually or jointly, with a spouse. Only spouses can file a bankruptcy petition...

May 30, 2017 David E. Sklar Bankruptcy, Repossession

Bankruptcy Is An Option to Deal with Debt From a Vehicle Repossession

If you have recently had a vehicle repossessed, you are probably feeling overwhelmed at the prospect of a large debt hanging over your financial future. Vehicle lenders tend to be aggressive in their...

May 24, 2017 Guillermo J. Gonzalez Bankruptcy

Are Income Taxes Dischargeable in Bankruptcy?

One of the most common misconceptions in bankruptcy is that income taxes are never dischargeable. In fact, you can discharge some back federal and state income taxes in Chapter 7 and Chapter 13...

May 15, 2017 David E. Sklar Bankruptcy, Chapter 7

Chapter 7 Bankruptcy and Its Effect on Owning A Home

When contemplating bankruptcy, one of the biggest trepidations that people often have is how it will affect their home. Will the bankruptcy cause their home to be lost? Will the mortgage lender...

May 3, 2017 Guillermo J. Gonzalez Bankruptcy

Will my 529 College Saving Plan Be Protected if I File for Bankruptcy?

A notable issue discussed in today’s news is the increasing costs of higher education in the United States. Congress has sought to help families pay for a child’s education by allowing them to pay...

May 1, 2017 Christopher J. Balala Bankruptcy

NJ Child Support Obligations in Bankruptcy

Bankruptcy can help an individual get caught up on missed child support payments (often called “arrears”). Child support is priority debt and is also generally non-dischargeable, meaning it gets paid...

April 28, 2017 Scura Law Firm Bankruptcy, Foreclosure

New Jersey Loan Modification vs. Bankruptcy Court’s Loss Mitigation Program

After the market crash of 2008, 2.6 million Americans lost their jobs, and 1.2 million properties were foreclosed in 2009 due to the recession. As a result, many of the mortgage lenders that accepted...

April 13, 2017 David L. Stevens Bankruptcy

What Actions are Prohibited by the Automatic Stay?

The moment a bankruptcy petition is filed, an event known as the Automatic Stay is triggered and the bankrupt debtor is protected from continued collection activities[i]. The Automatic Stay...

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