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CHAPTER ONE    WHAT ARE YOU REALLY AFRAID OF? Are you afraid of getting sued because you can't pay your credit card bills?   Very few people relish the thought of being sued, but the fact is that if you don't pay your monthly credit card bills on a regular basis, well you might be able to run, bu...

Knowledge can be a very powerful tool. But what good is knowledge by itself unless you take powerful action and use it for your advantage? Are you afraid that you're going to lose your home? I'm going to help you turn your fear of foreclosure into faith that you can fight foreclosure. Let's star...

In a Chapter 13, you can normally cure mortgage arrears that you owe on your home. It is important that you fully understand your obligations when you are paying mortgage arrears through a Chapter 13 plan. In this section we will advise you exactly what you have to do when you owe arrears on your...

When you are filing for bankruptcy you are normally required to list all of your outstanding bills and debts. There are many debts that can be wiped out in bankruptcy, including utilities such as gas, electric, and telephone. Many people are concerned that if they put their utility bills in bankr...

NEWS FLASH PRESIDENT OBAMA IS EXPECTED TO SIGN A NEW LAW THAT CAN SAVE HOMEOWNERS $50,000 OR MORE ON THEIR MORTGAGES We applaud President Obama for standing up for the rights of consumers and the rights of homeowners. We believe he is going to be a consumer friendly President, and he is starting ...

There is a limitation on the amount of equity an individual can have in his/her home and still be able to totally wipe out his/her unsecured bills. Presently the bankruptcy law permits one person to have equity in his/her home in the amount of $25,150. If two people jointly own their home, the la...

Please make regular payments to the trustee on the first day of the month by money order, writing your case number on the money order. Your first payment is due on the first day of the month after we file your plan with the Court. Sometimes, unexpected things can happen in the future, and through...

This is a short memo that I am doing for the benefit of my clients who are behind in their mortgage payments. I want people to be aware that they are not in jeopardy of immediately losing their home just because they fall two or three payments behind on their mortgage. In fact, the way things are...

We have had a number of clients in the past who have had their debts wiped out. Then, two or three years later, they come to us because they were buying a house or refinancing a home. They tell us that all of a sudden a judgment appeared on their record that they did not know about, and the credi...

If you are presently making car payments, we may be able to save you a lot of money by filing a Chapter 13 instead of a Chapter 7. For example, if you owe $10,000 on your car and the retail value is $7,000, you may be able to reduce your car loan debt to $7,000 and substantially reduce your car p...

We want to set you up for success so that your bankruptcy case runs smoothly from start to finish. Therefore, we want you to know that there are certain “no-no's” that you must be aware of before you file for bankruptcy. There are some common mistakes that people have made in the past before fili...

There is a Federal Law known as the Fair Debt Collection Practices Act. This law gives tremendous protection to people that are in debt. Many people think that they have to put up with phone calls, letters, and other harassing techniques from creditors. This is simply not true, especially if they...

Fee Chapter 7 (non business) $1,365 legal fees + $335 court filing fees = $1,700. A business case is more expensive. Fees and cost normally total $2,750. Chapter 13 ­–  $1,000 to get started, balance of fee to be paid in the plan. Financial Information Pay-s...

Obviously Donald Trump must be highly in favor of bankruptcy, since he has filed at least 6 bankruptcies for his businesses. Whether you like or dislike Donald Trump, do you think he is a smart and astute business person? President Trump's business empire is apparently worth billions and billions...

The federal government has given New Jersey about $100 million to help homeowners save their home from foreclosure. If you are behind in your mortgage payments and you have a legitimate hardship that has occurred within the last 3 years, you could be an excellent candidate for this program. The N...

You can enjoy these great benefits of Chapter 7 and Chapter 13 bankruptcy, if you qualify. Obviously, your outcome will vary based on your unique personal and financial circumstances. Stop Mortgage Foreclosure and Save your home Substantially reduce your monthly mortgage payment Immediatel...

Many clients who come to see us for the first time are scared, worried, and fearful. They don't know what their future holds. Will they lose their home?  Will their car be repossessed? Will bill collectors freeze their bank account or take their paychecks? Will bill collectors take their pension ...