General Bankruptcy Information

New Jersey Attorney Explains How Bankruptcy Trustee Avoids A Transfer As A Preference As I explained in a separate blog, a New Jersey Bankruptcy Trustee has seven Avoidance Powers that provide the right to avoid (cancel) specific types of transfers made by the debtor.  The bankruptcy code, 11 U.S.C. … [Read more...] about Bankruptcy Lawyer Discusses How A New Jersey Bankruptcy Trustee Avoids a Transfer as a Preference

Below Is A List of Facts About New Jersey Bankruptcy Bankruptcy stops debt collection and protects property. All assets and debts must listed on the petition. Husband and wife may file together or separately. Even though the husband may file without wife, or vise versa, … [Read more...] about Bankruptcy Attorney Discusses the Facts About Bankruptcy in NJ

On this website, we've answered hundreds of the common, and not so common, questions that we've been asked over the years about debt, bankruptcy, home foreclosure and how to get your life back. To find the answer to a question you have, you can click on the category to the right that matches, or you … [Read more...] about How To Use This Section Of Our Website

The bankruptcy code specifically permits a monthly contribution to a qualified religious or charitable entity or organization as a legitimate expense in a chapter 13 bankruptcy. The code indicates that the monthly contribution may be as much as 15% of the debtor's gross income. This means that a … [Read more...] about Religious Contribution as an Expense – Explained By A NJ Bankruptcy Attorney

About 30 days after the bankruptcy filing, the debtor must appear at a Meeting of Creditors' Hearing, which is called a 341a hearing. The bankruptcy trustee asks the debtor questions to ensure that he is entitled to a discharge and whether the trustee may sell any of the debtor's property. Although … [Read more...] about NJ Bankruptcy Lawyer Explains A Creditor's Right To Question A Debtor

Phantom Debt is the creation and collection of fictitious debt.  In other words, no debt exists. A person that has substantial debt issues is less likely to confirm that a debt collector is legitimate. Based on this scenario, the scammer preys on non-suspecting individuals who are in default with a … [Read more...] about New Jersey Debt Collection Scams Explained By A Bankruptcy Lawyer