In the aftermath of the housing crisis of 2008, a significant number of home owners found themselves with mortgage debt that vastly exceeded the value of their homes. As the economy has continued to...
November 14, 2012
Chapter 13
The initial question that must be answered in any bankruptcy analysis is whether you are eligible to file a Chapter 13 bankruptcy.
You Have to Be An Individual
Only an individual can file a chapter...
October 12, 2012
Chapter 13,
Foreclosure
NJ Foreclosure numbers have risen 130 percent year over year according to a report from RealtyTrac.
New Jersey Foreclosures on Increase, While Nationwide Dropping
Nationwide the picture is different...
August 17, 2012
Bankruptcy,
Chapter 13
The point of a chapter 13 bankruptcy is to require people that have extra money at the end of the month to repay at least a portion of their debt. The Bankruptcy Code uses an analytical approach (the...
June 19, 2012
Bankruptcy,
Chapter 13,
Chapter 7
Many people struggling with debt are hesitant to take a big step in regaining control of their finances: filing for bankruptcy. This hesitancy often stems from feelings of fear, guilt, shame, or...
June 8, 2012
Bankruptcy,
Chapter 13
Modifying a Car Loan with Chapter 13 Bankruptcy
A Debtor filing a chapter 13 bankruptcy has a lot of tools available to give the him or her some breathing room. One area in which relief can be...
June 1, 2010
Bankruptcy,
Chapter 13
Decreasing home values and multiple mortgages can create opportunity for debtors in a Chapter 13 bankruptcy. According to a report issued on February 23, 2010 by First American CoreLogic, more than...