Have you ever heard the term "judgment proof"? If you owe a lot of money to the bill collectors, but your income is very limited and you really don't own anything of any significant value, you just might be judgment proof. It might be easiest to explain what it means by giving you a simple exam...
Some people think they can only file for bankruptcy one time. Many of my blogs get pretty lengthy, and they are sometimes a little complicated. I could make this blog long and complicated also, but I think it's best to make it short and simple. There are rules that might limit and restrict the ...
When a sheriff's sale is listed in on the records of the county sheriff's office in New Jersey, that sheriff's sale information is a public record. Many lawyers can get access to those public records, which means that the lawyers can find out which homeowners are scheduled for a future sheriff's...
When a foreclosure complaint is filed in New Jersey, the complaint is a public record. Many lawyers can get access to those public records, which means that the lawyers can find out which mortgage companies are foreclosing against which homeowners. Lawyers then use this information to send "attor...
WHAT DOES FORECLOSURE REALLY MEAN? Having practiced law for 47 years, I have learned that the word “foreclosure” means many different things to many different people. So, how would I define “foreclosure”? Let me first say that when I talk about foreclosure, I am talking about my understanding ...
Seymour's 25 Best Reasons to File for Bankruptcy: DISCLAIMER: We set forth below results that many people can obtain through a successful bankruptcy. This does not mean, however, that every client can obtain all of the results listed. Every client's case is individually analyzed on its own merit...
LIST OF WHAT YOU NEED TO GET YOUR CHAPTER 7 CASE FILED CHAPTER 7 LEGAL FEES AND COURT FEES Chapter 7 – (non-business) $1465 legal fees + $335 court filing fees = $1800. A business case is more expensive. Fees normally start at $2750 plus court costs. TAX RETURNS 2018, 2019, and 2020 tax...
CAN BANKRUPTCY BE YOUR BLESSING? 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 the bill collectors freeze their bank account or take their paychecks? ...
Bankruptcy Is Your Constitutional Right Over the last few years, close to 1.5 million people have been filing each year (except for 2020). As more people learn the real truth about bankruptcy and its benefits, who knows, maybe 2 or 3 million or more people might file for bankruptcy t...
STOP THE BILL COLLECTORS FROM CALLING YOU. LEARN “THE SECRET” “The Magic Words” 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 oth...
IS BANKRUPTCY SCRIPTURAL? Copyrighted article reprinted with permission from the internet Authors: Matthew B. Tozer and Ben E. Lofstedt What does the Bible say? Many Christians feel guilty about seeking to file for bankruptcy protection. They feel guilty because they ran up large debts on t...
Cram Downs Car/ Mortgage/ Personal Property Cram Downs on Cars: 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 only $7,000, you may be able t...
Notice to Clients Concerning Judgments That Have Been Entered Against You Before You Filed for Bankruptcy Once in a while, a client who has filed a successful bankruptcy comes back to us maybe two or three years later, because they were getting ready to buy or sell, or refinanc...
Don't Make These Mistakes Before Filing for Bankruptcy 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 a...
Good News: In New Jersey, It Usually Takes a Long Time to Foreclose It's important that people in New Jersey 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. New Jersey forecl...
CHAPTER 7– YOUR CONSTITUTIONAL RIGHT Not surprisingly, many clients that come to us often feel guilty or ashamed that they need to seek bankruptcy relief. You don't have to feel that way. Feel grateful and appreciative instead.Here's the bottom line: in all likelihood the position you are in now...
CHAPTER 13 – A VERY POWERFUL LEGAL TOOL: SAVE YOUR HOME AND CAR. REDUCE YOUR MORTGAGE AND YOUR CAR PAYMENTS Chapter 13 can be more powerful than Chapter 7 because it gives you an opportunity to deal with additional issues that are not covered by Chapter 7. Here are some examples of what clients...
CHAPTER 7 – HOW TO HAVE ALL YOUR DEBTS FORGIVEN IN ABOUT 4 MONTHS, AND KEEP YOUR PROPERTY AND RETIREMENT MONEY Chapter 7 is a great way to completely wipe out your debts. It usually doesn't matter how much you owe in unsecured debts. You could owe $10,000, $50,000, $250,000, or even $1 m...
CHAPTER 13 FEES AND COSTS Our standard Chapter 13 fees are paid by an initial upfront payment which is needed to officially file the case and the remaining fee balance is thereafter paid to us when the client makes a payment every month to the Chapter 13 Trustee. ...
SEYMOUR'S 2021 BANKRUPTCY SUCCESS GUIDE PART 1 Your Guide to a Winning Bankruptcy Case We help people wipe out their bills so they can get debt relief and stress relief. Our goal is to guide you through a successful happy experience, help you get a fresh financial start, and create a much...
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...
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...
When Donald Trump was president, I often told my clients that were concerned about whether filing for bankruptcy was a good thing for them, something like the following: In my opinion, Donald Trump must be highly in favor of bankruptcy, since he has filed at least 6 bankruptcies for his business...
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...
Seymour Wasserstrum helps people who are facing financial challenges throughout the state of New Jersey. We have five offices conveniently located to serve our clients.
We help people wipe out their bills, save their homes from foreclosure, stop vehicle repossessions, and get a fresh financial start.