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You get a letter handed or mailed to you by the County Sheriff’s Officer. The letter contains a writ of execution and a Notice of Foreclosure sale for your home or condo. The sheriff’s notice of Sheriff’s Sale sets a date, time and place for the sheriff to auction off your home. Depending on the…

Bankruptcy can stop foreclosure at least temporarily and, perhaps permanently, if you can successfully complete a Chapter 13 repayment plan while making regular mortgage payments. The Chapter 13 sections of the Bankruptcy Code say that you can try to save your home by filing a Chapter 13 case BEFORE the sale of your home. Here…

Although the NJ Department of Education now mandates financial education for high school students, most people who graduated high school more than 5 years ago were not taught financial skills in school. Many intelligent people in and out of businesses do not learn how to use money and the protections offered by the legal system…

          If a person filed a Bankruptcy case and is entitled to inherit money or other property, they may lose the money or property to a bankruptcy trustee to be used to pay the trustee’s fees and their creditors. This risk of loss continues for any money or other property the…

Filing for bankruptcy is a financial makeover.  Bankruptcy should be a last resort and not entered into without full knowledge of what is required.  Do your best to plan your bankruptcy in advance of filing to reach the best desired outcome for you and your family.  Here is how to help yourself before you consider…

Discharging Traffic Fines in New Jersey’s Bankruptcy Courts                 In New Jersey, if you do not pay your traffic fines, the Municipal Court and the Division of Motor Vehicles may suspend your driver’s license. If you are caught driving while your license is suspended, there are serious consequences such as a longer suspension and more…

Debts for equitable distribution are sometimes dischargeable in Bankruptcy In divorce cases, the term ‘equitable distribution’ means dividing up property and debts in a way that is fair between two people who no longer will be married to one another. Many of our clients are surprised to learn that some debts arising out of divorce…

The Fair Debt Collection Practices Act (FDCPA) was passed by Congress in part “to eliminate abusive debt collection practices by debt collectors…and to promote consistent State action to protect consumers against debt collection abuses.” (§ 802. Congressional findings and declarations of purpose [15 USC 1692]). The general types of debt collection practices that are prohibited…

A mortgage foreclosure is a law suit filed in the New Jersey Superior Court asking the Court for the legal right to have real property (whether a home, commercial property or vacant land) auctioned off to the highest bidder by the county sheriff. Borrowers/home owners who face a mortgage foreclosure are given special protections under…

I am a believer in “self-help” and telling my clients in business or thinking of starting a business where the potential risks are. Part of being successful in any business is not stepping on what I call the “land mines” in the path of having a profitable business or at least one that does not…