Many people file for bankruptcy to protect their real property from being foreclosed on. There is a specific section within the Bankruptcy Code that mandates that creditor collection actions against property of the debtor must cease immediately upon the filing of the bankruptcy. This blog will explore that section of the bankruptcy code and how parties can avoid a creditor obtaining relief from that section.
Many people who are contemplating filing for bankruptcy in New Jersey are concerned about the effect that it will have on their residential lease if their landlord learns about the proceeding. This blog will explore what impact, if any, a bankruptcy will have on your residential lease.
You may be worrying about whether you will be able to retain your New Jersey residence after filing for chapter 7 bankruptcy. If you are in this situation, you will need to be aware of what your residence is worth along with what is owed on the mortgage(s).
Has falling behind on your NJ lease obligation caused your landlord to initiate eviction proceedings against you? If so, has the New Jersey landlord also obtained a judgment of possession for the premises? This blog will explore your options if you are currently facing this scenario through a bankruptcy proceeding in New Jersey.
Has your property recently been foreclosed upon at a sheriff sale leaving you scrambling to try to retain it? There is an avenue of the law that may provide you with a potential solution through a preference action in a bankruptcy proceeding. However, as this blog will explore, it is an unsettled area of the law meaning that different parts of the country have ruled in different ways on this issue. Despite the uncertainty, pursuing this legal avenue may be your last best hope.
Do you own real property that has equity in it, but are in default on your mortgage obligations? If so, then bankruptcy could be an option for you to be able to sell the property to protect the equity in the property.
Are you contemplating filing for bankruptcy, but are concerned about the impact it will have on your vehicle? Here are answers to some common questions that people have about their vehicles when they are going to file bankruptcy:
Are you wondering what effect a bankruptcy proceeding will have on your pending or potential lawsuit? This blog will explore how a bankruptcy proceeding will affect your claim against another individual or entity.
If you are married and considering filing for an individual bankruptcy, you may be wondering what effect the bankruptcy will have on your wife. This blog will explore those issues.
Have you recently litigated a civil lawsuit that reached an unsuccessful result leaving you wondering how best to proceed? You may be thinking that bankruptcy is an option that you wish to explore considering the financial burden that you may be feeling. This blog will explore the effect of a fully litigated state court judgment on a subsequent bankruptcy case.