The Federal bankruptcy code requires that debtors list their creditors in their bankruptcy petitions. That is to include the name and address of the creditor, the account number where available and the amount of the debt. One reason is to give the creditors notice that the debtor has filed the petition, because the bankruptcy proceeding …
Of course not, how can s/he? But more precisely, can a dead person’s estate file for bankruptcy as a debtor? Under the US Bankruptcy Code, the answer is no. But what happens when the debtor dies during a pending New Jersey bankruptcy case? First, there needs to be someone to act in the dead person’s place, and that means that …
You may wonder whether you will lose your life insurance policy if you file for Chapter 7 or Chapter 13 bankruptcy. This depends on the kind of life insurance and bankruptcy exemptions you have. Life insurance comes in two forms: term life and whole life. Whole life insurance policies have a cash surrender value. This …
During our first consultation, we will review the steps needed to file for bankruptcy in New Jersey. These include: Determine what kind of bankruptcy to file. For consumers, the choices are Chapter 7 and Chapter 13. If you have minimal assets, you should be able to wipe out most if not all of your debts …
Due to the effects of COVID-19 in 2020 and 2021, many tenants have been unable to pay their rent, through loss of employment, illness, increased living expenses and government closure of businesses. At the same time, the State of New Jersey implemented an eviction moratorium which stopped the scheduling of eviction trials. As a result, …
Some clients survive periods of devastating illnesses and recover, only to face a mountain of hospital and doctor bills. It is possible to use bankruptcy to reduce or even wipe out that debt, depending upon your circumstances. Filing a bankruptcy petition automatically imposes an automatic stay which stops creditors from suing you, and enforcing judgments …
If you are crushed by personal debt that you cannot pay back, then filing Chapter 7 bankruptcy may be a good option for you. The bankruptcy process starts when you call my office and I will give you a detailed free initial consultation over the phone. If it appears that you are qualified for Chapter 7, we …
Here are a few reasons to choose me as your personal bankruptcy attorney: I have been a New Jersey bankruptcy attorney for more than 30 years. Our fee for handling your Chapter 7 case or Chapter 13 case is reasonable and affordable. Free consultation always: Call my office at 732 214 0300 or 908 757 7720 to …
Chapter 13 bankruptcy is a vital tool for individuals that have debt that is unmanageable and who have assets that exceed Federal and/or state bankruptcy exemptions or do not qualify for a Chapter 7 bankruptcy. Chapter 13 bankruptcy also may be used to protect your home from foreclosure. First, it is important to understand the …
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The COVID-19 pandemic has resulted in a few temporary changes to substantive bankruptcy rules under the Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. These modifications will last for only one year and at this writing, will expire on March 27, 2021. For example, a debtor with a prior Chapter 13 repayment plan can …
Charles D. Whelan III has been committed to excellence for over 30 years. With offices located centrally in New Jersey, he is able to provide businesses and individuals with excellent legal services.
