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What is a Chapter 13 Case?

What is a Chapter 13 Case?

Many families in New Jersey are dealing with economic hardship. The American Bankruptcy Institute (ABI) reports that 9,977 people filed for personal bankruptcy protection in New Jersey in 2021. Most of these personal bankruptcies are Chapter 7 cases—but 25 percent of...

Myths Surrounding Bankruptcy

What Is a Bankruptcy Myth?   Are you worried about the consequences of filing for bankruptcy? When researching whether bankruptcy is right, many people come across half-truths and myths on the internet that confuse them and lead them astray. Although bankruptcy...

What is New York’s Statute of Limitations on Debt?

Failing to pay a debt does more than shred your credit report. You can also be sued by your lender. New York, like other states, gives lenders a limited amount of time to bring a lawsuit. This deadline is set out in the New York statute of limitations, found in...

Common Foreclosure Scams: The Hidden Dangers in the Housing Market

Don't Be Foreclosed Upon by a Scam: Know Your Rights   Foreclosures are once again on the rise. Many Americans face challenges in a time of high housing costs, rising mortgage rates, economic uncertainty, and the end of COVID-19 foreclosure protections. According...

Common Mistakes Made Before Filing for Bankruptcy

  If you are having a hard time paying your bills, it is important to understand that there are many others going through a similar situation. Indeed, people consistently cite debt and other financial problems as a top source of stress. The American Bankruptcy...

Long Island Bankruptcy Cases May Undergo Radical Changes

In a decision dated February 28, 2022, Judge Grossman of the Central Islip division of the United States Bankruptcy Court for the Eastern District of New York, just gutted what has become a much used program in the bankruptcy courts AND simultaneously established what...

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