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Presently, in a chapter 13 bankruptcy, a chapter 13 debtor cannot modify the rights of a first mortgage holder on a home. However, as you would hear from an attorney, banktruptcy debtors may strip...

If a purchase was made on a store card - say a refrigerator from Sears, furniture from Raymour and Flanigan, or a computer from Best Buy - it is very likely the creditor holds a security interest in...

Options for Dealing With Overwhelming Debt

Many New Jersey residents know what it is like to face overwhelming debt. Whether it comes from credit cards, medical bills, job loss or something else,...

We have previously written about the ways in which student loans uniquely burden consumers. Most specifically, we have noted that student loans are not ordinarily considered to be dischargeable debt....

A year ago, in September of 2012, my client filed for chapter 7 bankruptcy and obtained a discharge - he had a judgment creditor about to levy on his assets. He had some tax debts which he disputed...

Both the media specifically and the American public generally have recently become increasingly insistent that Congress act to address the issue of overwhelming medical debt. It is now a well-known...

Filing for Bankruptcy Gets the Creditors Off Your Back

Any debtor who files a petition in good faith in U.S. Bankruptcy Court is automatically and immediately protected from creditors. No more phone...

One thing many Hoboken bankruptcy clients have been surprised to find out is that their exemptions increased. On April 1, 2013, the Federal Bankruptcy asset exemptions were increased by Congress. The...

Can You Discharge Debt Through Bankruptcy?

Is bankruptcy the answer to your financial troubles? It depends on many factors, including the amount you owe, the nature of your debt and which chapter...

When Americans find that their debt has become unmanageable, there are almost always viable legal solutions available to address this challenge. Unfortunately, one of the myths about bankruptcy is...