Many Americans do not understand the provisions of the 3.5 trillion-dollar bill pending in Congress since it has been touted as an infrastructure bill. Unfortunately, only a very small percentage of the bill is to rebuild bridges and highways that desperately need...
bankruptcy
bankruptcy
HOW DO I PAY MY BILLS WITH THE COST OF GASOLINE & PRICES CONTINUING TO RISE?
Since the beginning of the pandemic, the government has spent substantial sums of money which has created inflation which seriously devalues any money you have saved. Also, as the country is moving towards energy dependence gasoline prices have skyrocketed. When...
WHAT DO I DO IF I AM BEHIND ON MY TRUCK PAYMENTS?
Prior to the United States’ Supreme Court’s decision in City of Chicago v. Fulton 592 U.S. (2021), if your vehicle was repossessed, you would file a chapter 13 bankruptcy petition and provide the creditor with proof of insurance and get your vehicle back within a...
WILL I LOSE MY HOME IF I FILE FOR CHAPTER 7?
Over the past 36 years the biggest fear that my clients have is losing their home if they file a chapter 7 bankruptcy. First, we have to look at the entire picture. If you are behind on your mortgage and you want to keep your home, then you should file a chapter 13...
WHAT DO I DO WITH MY STIMULUS CHECK OR TAX REFUND?
For people struggling financially due to the Covid 19 Pandemic, is a $1,400 stimulus check or tax refund truly going to resolve their financial issues and make them debt free? If a stimulus check or tax refund can get you totally debt free where you have no balance on...
I AM VERY CONFUSED ABOUT THE COVID-19 MORATORIUM’S AND GOVERNOR MURPHY’S EXECUTIVE ORDERS. CAN I LOSE MY HOME IF I AM BEHIND ON REAL ESTATE TAXES?
Since Covid-19 has hit there is so much uncertainty and many people do not understand the Executive Orders signed by Governor Murphy. The process with real estate taxes is as follows: New Jersey law requires that all 566 municipalies hold at least one tax sale per...
I FEEL SO STRESSED OUT. I AM PAYING OVER $2000 PER MONTH ON CREDIT CARD DEBT AND A PERSONAL LOAN. WHAT DO I DO SINCE THERE IS NO END IN SIGHT?
Since Covid-19 has hit there is so much uncertainty and many people are getting deeper in credit card debt and personal loans. They are making payments each month which is killing them and not putting a dent in principal. Besides everybody worrying about Covid-19,...
WHO DO YOU WANT TO HELP YOU WHEN YOU ARE OVERWHELMED WITH ALL TYPES OF FINANCIAL PROBLEMS DUE TO COVID-19?
I started practicing law in 1985 and like all of you, nobodyincluding the greatest fiction writers in the world, would have predicted how COVID-19 would throw our lives upside down and have a devastating impact on so many people financially. We have been extremely...
MY WIFE AND I HAVE INCURRED SUBSTANTIAL CREDIT CARD DEBT IN THE LAST FEW YEARS . HOWEVER, OUR INCOME IS OVER $120,000. CAN WE STILL DECLARE BANKRUPTCY?
There is so much misinformation about bankruptcy on the internet. The first thing that people must realize is that there are several bankruptcies available to help people who are in debt. When most consumers think of bankruptcy, they are talking about a chapter 7...
I AM BEHIND ON MY MORTGAGE BUT MY UNDERSTANDING IS THAT I CAN GET A FORBEARANCE. CAN YOU EXPLAIN THIS TO ME.
On August 27,2020 the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will extend the moratoriums on single family foreclosures and real estate owned evictions until at least December 31,2020. This moratorium only applies to Enterprise backed...