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Scura, Wigfield, Heyer, Stevens & Cammarota Blog

How Bankruptcy Can Stop A Wage Garnishment

How Bankruptcy Can Stop Wage Garnishment 4.6.18

Generally, individuals file for bankruptcy after their creditors begin collection actions for repayment of outstanding debts. These actions may include written notices and daily phone calls. However, if the creditor is unable to obtain consensual repayment, they may seek additional legal remedies, including a wage garnishment order.  When an individual experiences a wage garnishment, it is likely they are facing a financial hardship and garnishment will exacerbates the situation.

Retaining Your Property after a Foreclosure Sale?

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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.

Types of New Jersey Bankruptcy Exemptions

retirement as new jersey bankruptcy exemption piggy bank

New Jersey is one of the wealthiest states in the U.S. However, all of that income comes at a price—New Jersey also has high property taxes and even higher rent prices. It is in the top five most expensive locations to purchase a home in the United States. The U.S. average credit card debt is $6,304.26, but it is $8,406.60 for those in New Jersey.

How Are Medical Bills Treated in Chapter 13 Bankruptcy?

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Medical bills are one of the biggest financial burdens that Americans worry about each year. Different from your monthly credit card bills or mortgage payments, medical bills can often be so large threat they become a scary afterthought that most people simply don’t want to deal with. For this reason, medical bills are also one of the most common reasons that Americans seek debt relief through Chapter 13 bankruptcy.

Can I File Bankruptcy if I Own a Business? [Video]

Thumbnail Image for Can I file Bankruptcy if I own a Business-David Stevens

[David Stevens, Esq. answers your questions about owning a business and filing for bankruptcy ]

That's a question I'm asked very often, and the answer is of course you can. The issue is not whether you own a business. The question is does the business have such value that it's a concern for us, and even if it did, how do we treat that value in a bankruptcy context?
 

Potential Changes to Student Loan Bankruptcy Discharges

graduation cap and student loan money

For many individuals, student loans are the greatest financial burden to their daily lives. With the rising cost of education and high interest rates, it can be impossible to repay student loan debt. College loan balances in the United States have jumped to $1.4 trillion dollars, with a default rate of over 11 percent. However, the federal government may soon be revising its policies concerning student loan forgiveness in bankruptcy.

Overview of the Bankruptcy Process [Video]

Thumbnail Image for Overivew of the Bankruptcy Process-David Stevens

[David Stevens, Esq. walks you through the bankruptcy filing process to help put you at ease]

Hi. So we've probably already spoken once. Perhaps you called my office and set up an appointment, or you emailed me, or you went online and set an appointment, that's all great.

What should I expect when I file bankruptcy?

Provide your Financial Information

When you come in, I'm going to give you an intake form to help me fill out some information, or perhaps you're going online and doing it now. Don't worry about not being able to provide all the information to me, that's fine. I used to do this face- to-face, and it would take at least an hour just to fill out this worksheet. So, the more you give me now, the better off we'll be, and we'll have more time to spend talking about things that really concern you.

What Happens to Your Vehicle When You File Bankruptcy In New Jersey?

car parked in driveway

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:

When is Chapter 7 Bankruptcy Better Than Chapter 13?

woman with Chapter 7 bankruptcy questions

There are several types of bankruptcy available to an individual. Your unique financial and personal situation will dictate whether one kind will work better than another. Most individuals will end up using either Chapter 7 or Chapter 13. Businesses, on the other hand, can use Chapter 7 bankruptcy and Chapter 11. Some small businesses (sole proprietorships) can also use Chapter 13 bankruptcy as well.

Implications of a Pending & Potential Lawsuit on a Bankruptcy Case

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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.

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