In a decision which probably caused mortgage bankers everywhere to pop champagne corks and party like it’s 1999, the High Court ruled that Chapter 7 debtors are not entitled to strip-off a second lien on residential property. Lien Removal and … [Read more...]
Don’t Let This Happen To You
A pair of recent decisions have some important lessons for your Chapter 7 Bankruptcy case, because they both deal with very common issues. The Wrong Place In Okechuku v. Sharp Management, a New Jersey sheet metal company filed a voluntary Chapter 7 … [Read more...]
Of Chapter 7 And Security Clearances
Workers at Fort Dix, Fort Monmouth, the FBI in Newark, and other employers in The Garden State sometimes hesitate to file Chapter 7 Bankruptcy because they’re afraid of losing their security clearances. While bankruptcy debtors may face some … [Read more...]
Special Asset Issues
Bankruptcy and Special Assets If you have decided to file for bankruptcy as a way to get a fresh financial start, you may have concerns about how the bankruptcy filing will affect certain articles of property. What about any money you have received … [Read more...]
What Property Can I Keep In A Chapter 7?
New Jersey is one of 19 states which allow Chapter 7 debtors to choose between federal and state exemptions. If property is exempt, you get to keep it in a bankruptcy. What are some of the differences between state and federal bankruptcy exemptions … [Read more...]
