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Immediately upon a NJ. bankruptcy filing of any chapter, the Automatic Stay Provision of the bankruptcy code applies, thereby protecting the debtor (person filing) from the creditors’ collection efforts. This means that no matter what type of bankruptcy case is filed, no creditor may proceed or … [Read more...] about What Are Some Benefits of a New Jersey Bankruptcy Case?

Attorney explains the NJ. Bankruptcy law benefits of a mobile home loan. Believe it or not the bankruptcy code allows additional benefits for a mobile home loan, in New Jersey, that is not permitted for a house residence mortgage. A mortgage on a mobile home may be "crammed down" in a chapter 13, … [Read more...] about What Happens To A Mobile Home Loan In A New Jersey Bankruptcy Case?

  New Jersey Attorney Details How Bankruptcy Can Help Someone   New Jersey Bankruptcy law may possibly allow you to achieve the following: stop all creditors’ telephone calls and collection letters; stop bank and property levies; stop wage attachments; reinstate drivers’ license, … [Read more...] about How Can A New Jersey Bankruptcy Filing Help Me?

New Jersey Lawyer Explains When Unemployment Benefits are Dischargeable Typically, an over payment of New Jersey unemployment benefits is dischargeable in bankruptcy, unless the debt was incurred by fraud. Unemployment debt is not included in any of the bankruptcy code exceptions to discharge. … [Read more...] about Is the Over Payment Of Unemployment Benefits Dischargeable In A New Jersey Bankruptcy Case?

New Jersey Lawyer Explains Bankruptcy Trustee's Fraudulent Avoidance Power A New Jersey bankruptcy trustee has seven powers that are called avoidance powers. Avoidance means to cancel or undue some type of transaction or obligation. In certain situations, a trustee may cancel a transaction for the … [Read more...] about How A Trustee Uses His Avoidance Power For A Fraudulent Transfer Explained By a New Jersey Bankruptcy Lawyer

As the U.S. economy continues to struggle, consumers are being forced to choose whether to pay their mortgages or their credit card bills. According to a new study by TransUnion, a credit management company, consumers are increasingly choosing to pay their credit cards before they pay their … [Read more...] about Study Shows Consumers Choosing to Pay Credit Card Bills Over Mortgages