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A Chapter 13 bankruptcy, often referred to as a wage earner’s plan, allows individuals with regular income to reorganize and repay their debts over three to five years. For many people, Chapter 13...

Understanding the Concern

Chapter 13 bankruptcy is designed to provide stability and a structured path toward financial rehabilitation. Yet some debtors encounter commentary suggesting that mortgage...

What Is the Co-Debtor Stay and Why It Exists

When a person files for Chapter 13 bankruptcy, the law provides protection not only to the debtor, but also to certain individuals who share legal...

Anyone living in New Jersey knows the reality: real estate is expensive and only getting more so. While that can make buying a home difficult, it also means many homeowners experience significant...

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...

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...

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...

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,...

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...

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...