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Creative debtors have been trying to beat the system for as long as there has been a system to beat. And when those debtors are young, educated, and over indebted, the schemes can get pretty clever....

Co-Debtor Stay When Only One Spouse Files Bankruptcy

Very often the impetus to commencing a New Jersey bankruptcy is to stop collection efforts by the IRS of the state taxing authority. Upon filing a...

When clients first meet with an attorney, bankruptcy procedures may seem intimidating or overwhelming. Earlier this week I met with my first client in our recently opened office in Hackensack, New...

Earlier this week I met with my first client in our recently opened Hackensack office. She had a very common question: What can I do about this Default Judgment...is the creditor going to garnish my...

Custodial accounts are a frequent issue bankruptcylaw centers handle.Custodial accounts are funds in which one person sets up an account, funds it with money or other property, and controls the...

Financial lawyers hear this one all the time: Can creditors take funds if they're held in a joint account? The answer is a little complicated.

Bankruptcy does not get rid of all types of debt. Some types of debt are presumed to be non-dischargeable: taxes, alimony/child support, government backed student loans. In other instances a creditor...

If you owe a creditor money, you may think that it is a good thing if that creditor stops attempting to collect the debt.   Note, however, that if a creditor cancels or forgives a loan, it may report...

Everyone's situation is different and one must consider seriously whether filing bankruptcy or trying to settle with credit cards is the right strategy. If the debt is just too high for you to ever...

Contrary to popular belief, some back due taxes owing to the Internal Revenue Service (IRS) can be wiped out in bankruptcy. In order to be eligible to wipe out a tax debt, there are five conditions...