FAQ’S

1. What is the New Jersey Foreclosure mediation program all about? In January of 2009, the New Jersey Judiciary started a statewide multi-agency mortgage foreclosure mediation program because there was a massive number of foreclosure cases filed.  The high property taxes and the massive loss of jobs in the Garden State has caused an avalanche of […]

Should I File for Bankruptcy? Is the endless barrage of calls that you receive from your creditors driving you to drink? Are your on the verge of losing your car or home? Are you about to lose your mind because of the stress of being under a mountain of debt that is suffocating you. Thankfully,  […]

1. I am now in massive of debt. What will happen if I simply ignore the credit card companies and hope that they go away? If you learn one lesson from reading my website it is that if you blow off your financial problems then they will only get worse. Financial problems are like an […]

1. I am in so deep in debt that I feel like jumping off a bridge. What can filing for bankruptcy do for me? Bankruptcy is designed to give financially overwhelmed debtors fresh start. However, many people are embarrassed and humiliated at even the thought of filing for bankruptcy. Everyone wants to pay their bills. […]

1. How does a typical person get into massive credit card debt? There are many different roads in life that can cause a person to file for bankruptcy. For some people it is the loss of a job, the death of a spouse, the illness of a spouse or a child, or a divorce. Meanwhile, […]

Many web surfers are living through very tough financial times and they have no choice but to file for bankruptcy.  Bankruptcy is embarassing but so is losing your girlfriend to another guy, so is getting fat, so is saying something stupid to your boss. Get the point, you have to deal with embarassment sometime in your life.  […]

The bankruptcy statistics in America are getting higher each year. Even the passage of the Bankruptcy Reform Act of 2005 could not slow the high rates of filing for bankruptcy.  Following is a list of the most common causes of bankruptcy. 1. Medical Bills Medical bills are a major cause of many bankruptcies. I had one […]

1. I am losing my home in foreclosure. What can I do to try to save my house? The possibility of losing your home because you can’t make the mortgage payments can be terrifying. Perhaps you’re having trouble making ends meet because you or a family member lost a job, or you’re having other financial […]

1. I have just been served with a lawsuit. I am being sued by one of my credit card companies that I owe approximately $10,000. What should I do now? If you are served with a collection lawsuit, and if you believe you have a defense to the case, then you should file an answer to […]

 

 

 

 

 

Covered in this Article: What is a chapter 7 bankruptcy? What happens after a person files for bankruptcy? What are the most common reasons for a chapter 7 bankruptcy? Is it moral to file for bankruptcy? What can a bankruptcy do for me? What can’t a bankruptcy do? What are the different types of bankruptcy […]

Covered in this Article: Can a debtor re-file for a chapter 7 if he needs to do it again? And is there a limit to a person re-filing for bankruptcy? When is the best time to file under chapter 7? Can I file for bankruptcy protection if I own a business? Will filing for bankruptcy […]

Covered in this Article: How can a person stop his creditors from harassing him? How long after the bankruptcy filing will my creditors stop calling me? Can a bankruptcy filing stop a debtor from being sued or from receiving harassing phone calls? Will filing a bankruptcy stop a wage garnishment? Does filing for bankruptcy stop […]

Covered in this Article: Will bankruptcy wipe out all my debts? Will I have to go to court? What happens to property with liens on them? Are these debts also discharged? Can a debtor still file a chapter 7 if they own a house? What if the debtor fails to pay their mortgage payments due […]

Covered in this Article: Collection agencies have been calling me all hours of the day and night. Can I get them to stop contacting me? I am getting calls from the collections department of a local merchant I did business with. Can I tell that collector to stop contacting me? A bill collector insisted that […]

Covered in this Article: What are my bankruptcy exemptions? In New Jersey what property can I retain? What will happen to my home and car If I file bankruptcy? Can I own anything after bankruptcy? Can I protect some assets, such as a vacations home, by transferring the home to one of my relatives before […]

Covered in this Article: Can a debtor file by himself even if he is married? Does my spouse and I have to file a joint bankruptcy? My spouse has a lot of debts but I do not have much. Will my spouse’s bankruptcy damage my credit score? Under what conditions should a husband and wife […]

Covered in this Article: What is a bankruptcy trustee, and who will be appointed? Will the trustee take a debtor’s property if they file for bankruptcy?

Covered in this Article: Does a debtor have to explain themselves in court? What should I bring to my meeting of creditors?

Covered in this Article: If a debtor owes the electric company money, will they shut off their power or my heat?

Covered in this Article: How does a bankruptcy discharge affect a person’s credit report? How long will bankruptcy stay on my credit report? How does filing under Chapter 7 affect a person’s credit rating? Can a debtor do anything to remove a bankruptcy from their credit report? Can a “credit repair” company really save a […]

 Covered in this Article: What is a chapter 7 discharge? Are all of a person’s debts discharged in a bankruptcy? How does a discharge affect a person? Are there some debts that are never discharged? Are there any circumstances wherein a person can still promise to pay a discharged debt after the case is closed? […]

Covered in this Article: What is a reaffirmation? Do I have to reaffirm any debts? Do I have to reaffirm on the same terms? Should I reaffirm? Should a debtor reaffirm any of their my debts to “build up” their credit after bankruptcy? Do I have other options for secured debts? Do I have to […]

Covered in this Article: Can a person ever get credit again after they file for Bankruptcy? Can a debtor retain any of their credit cards? Will I be able to keep my credit cards or obtain credit after bankruptcy? Can I get another a credit card after filing for bankruptcy? When can a debtor apply […]

Covered in this Article: What is the role of the attorney for a consumer debtor in a Chapter 7 case? Can I file bankruptcy without an attorney? Should I save money and use a paralegal service, or an internet service to prepare my bankruptcy case?

Covered in this Article: Can a debtor be discriminated against for filing bankruptcy? What should a person do if a creditor later attempts to collect a debt that was discharged in his Chapter 7 case?