When a debtor is filing for bankruptcy, often their first question is “what happens to my home?” Under a Chapter 13 bankruptcy, a debtor is granted safe harbor for their assets. The purpose of...
July 24, 2023
Bankruptcy,
Chapter 13
Are you in the process of a Chapter 13 bankruptcy, but eager to start rebuilding your credit? Maybe you have been considering paying off your Chapter 13 plan early. Or maybe you have been thinking...
June 13, 2023
Bankruptcy,
Chapter 13
As foreclosure rates across the country continue to increase (and with New Jersey being having one of the highest foreclosure rates in 2022)[1], filing for bankruptcy can be a challenging and...
November 3, 2022
Bankruptcy,
Chapter 13,
Chapter 7,
Chapter 11
According to the Consumer Financial Protection Bureau, the average price consumers paid for new vehicles reached a record high of $48,182 and monthly payments are up 19% from 20211. More importantly,...
September 21, 2022
Bankruptcy,
Chapter 13,
Chapter 7,
Chapter 11
As of the last few months – cryptocurrency brokerage firms such as Three Arrows Capital, and Celsius Network, Ltd. filed for Chapter 11 Bankruptcy. Unfortunately for some of their customers, there...
August 18, 2022
Bankruptcy,
Chapter 13,
Debt Management,
Chapter 7,
Chapter 11
On June 21, 2022, President Biden signed into law the Bankruptcy Threshold Adjustment and Technical Corrections Act (Bill S. 3823). What Bill 3823 does is it increases the Chapter 13 debt limits...
March 11, 2022
Bankruptcy,
Chapter 13,
Chapter 7,
tax
In March 2020, thousands of businesses were forced to shut down,many Americans were left without a job, and millions applied for unemployment benefits. According to State of New Jersey’s Department...
February 8, 2022
Bankruptcy,
Chapter 13,
Chapter 7,
tax
Although we’re still a couple of months away, the April 15th tax deadline will be here before you know it, and if you already owe income taxes for previous tax years, you could be facing an even...
June 30, 2021
Bankruptcy,
Chapter 13,
Chapter 7
Illness, divorce, foreclosure, and job loss—almost everyone will face one or more of these issues at some point in their lives, if not all of them at the same time. If you've ever been in this...
November 10, 2020
Bankruptcy,
Chapter 13,
Chapter 7
When you file for bankruptcy, you often feel marked by the filing. Whether you’re buying a new car or looking for a new apartment to rent, you remain conscious that your bankruptcy will follow you....