If you are planning to file bankruptcy in NJ and will be using bankruptcy lawyers in NJ, there are several things you can do to prepare for your initial consultation. One of the most important things you can do prior to filing for bankruptcy in NJ is to collect certain types of information. This will [...] Read more »
Glossary of Bankruptcy Terms – Terms you should know
A adversary proceeding A lawsuit arising in or related to a bankruptcy case that is commenced by filing a complaint with the court. A nonexclusive list of adversary proceedings is set forth in Fed. R. Bankr. P. 7001. assume An agreement to continue performing duties under a contract or lease. automatic stay An injunction that [...] Read more »
Foreclosure Rescue Scams: Another Potential Stress for Homeowners in Distress
The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on the vulnerability of desperate homeowners is equally frightening. Many so-called foreclosure rescue companies or foreclosure assistance firms claim they can help you save your home. Some are brazen enough to offer a money-back guarantee. Unfortunately, once [...] Read more »
What You Should Know About Predatory Lending
What is Predatory Lending? “Predatory lending,” has become shorthand for describing a variety of lending practices that may be disadvantageous to borrowers. Abusive or predatory lending – whether undertaken by creditors, mortgage brokers or home improvement contractors – may involve fraud or deception, manipulating borrowers through aggressive sales tactics or taking unfair advantage of a [...] Read more »
Important Information You Must Know Before Filing a Bankruptcy Petition
BEFORE you file for bankruptcy, you MUST obtain Credit Counseling and include an official counseling certificate with your petition. List of Approved Credit Counseling Agencies: District of New Jersey It is very important that you comply with this provision of the Bankruptcy Abuse and Consumer Protection Act of 2005. If you do not obtain Credit [...] Read more »