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July 24, 2012 John J. Scura III Bankruptcy, Chapter 7

A Chapter 7 Bankruptcy Wipes Out All Mortgage Loans

Many of our clients are seeking to get out of both credit card debt and mortgage debt on a home through a Chapter 7 bankruptcy. I have been surprised lately that some clients think that they are...

June 19, 2012 Scura Law Firm Bankruptcy, Chapter 13, Chapter 7

False Assumptions People Commonly Make About Bankruptcy

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...

December 9, 2011 David L. Stevens Bankruptcy, Chapter 7

Questions a New Jersey Chapter 7 Bankruptcy Trustee May Ask

Typically a New Jersey Chapter 7 debtor only needs to attend one event during the bankruptcy proceeding, which is commonly referred to as the Meeting of Creditors. Creditors have a right to appear at...

September 11, 2011 John J. Scura III Bankruptcy, Chapter 7

How to Qualify for Chapter 7 Bankruptcy In New Jersey Above Median Income Level

If debtor's income is higher than the median income for the state in which they live, the debtor still may qualify for a chapter 7 by going through the bankruptcy means test. The means test is a...

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