Bankruptcy generally takes precedence over divorce. Your bankruptcy filing is specific to your credit report and social security number, in other words your bankruptcy filing does not impact your spouse’s credit. You can file bankruptcy without your spouse’s consent. If you are living in the same household you should know that is likely required that […]
Top 3 Reasons Not To Reaffirm a Mortgage in Bankruptcy
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Bankruptcy debtors should not reaffirm a mortgage. Reaffirmation of debt in bankruptcy prevents the debt from being discharged, a process explained in greater detail by Kevin Gipson in Chapter 7 Bankruptcy and the Reaffirmation Agreement. Yet, lawyers continue to debate whether to reaffirm a mortgage, without […]
S. Jersey restaurant group files for Ch. 7 bankruptcy
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman A South Jersey restaurant owner has filed two voluntary petitions for relief under Chapter 7 of the U.S. Bankruptcy Code. Louis Faragasso, of Gloucester City, New Jersey, filed two petitions earlier this month in U.S. Bankruptcy Court for the District of New Jersey Camden — one […]
7 Essential Money Questions Sure to Start a Conversation
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman It’s the season of the long hike, the slow beach stroll, the idle time when you can finally just talk and think for at least a little while. Even if you don’t get to go on vacation over these next two weeks, many workplaces will be […]
In New Jersey Student Loan Program, Even Death May Not Bring a Reprieve
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Amid a haze of grief after her son’s murder last year, Marcia DeOliveira-Longinetti faced an endless list of tasks — helping the police gain access to Kevin’s phone and email; canceling his subscriptions, credit cards and bank accounts; and arranging his burial in New Jersey. And […]
Bankruptcy and Divorce: What to Expect Before, During and After Filing
Stark & Stark Family Law Seminar Series Wednesday, June 8, 2016 from 5:30 PM to 6:30 PM (EDT) Marlton, NJ Bankruptcy and Divorce: What to Expect Before, During and After Filing June 8, 2016,5:30-6:30pm Refreshments to follow This presentation will discuss what to expect during a divorce that involes bankruptcy at all stages. Our co-host […]
Why Some Retired People Might Consider Filing for Bankruptcy
Chapter 13 bankruptcy can be beneficial if you have a second mortgage, as the lien can be stripped and the debt erased if you meet certain criteria. Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. NEW YORK (TheStreet) — Most retirees would balk at the idea of filing for bankruptcy. But under certain conditions, […]
5 Reasons People (Wrongly) Avoid seeing a Bankruptcy Attorney Like Me!
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman My credit is going to be destroyed False. Most of the time a client’s credit report has been impacted before they see me. There are late credit card payments, collection accounts or a foreclosure. While the bankruptcy will remain on your credit report for 7-10 years […]
To Buy or Rent a Home? Weighing Which Is Better
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman Rob Austin and his wife, Natalia, have a 10-month-old son, healthy incomes and plenty of cash in the bank for a down payment on a house. But they are happily renting a townhouse in Pasadena, Calif., with no plans to buy for now, given the frothy […]
Top 5 myths about being served with a foreclosure complaint
Submitted by New Jersey Foreclosure Attorney, Lee M. Perlman If I ignore the foreclosure complaint it will go away WRONG, in most cases you want to accept service of the complaint and decide if a reply or a formal answer makes sense. You have 35 days to file a written answer with the court. You […]
