As much as we like taking on and helping new bankruptcy clients, we will not take money from people that we cannot help. If you do not meet some basic requirements, then your Chapter 7 filing is likely to fail. For instance: You have not filed your last two year income tax returns with the
WHY CHAPTER 7 WON’T WORK FOR YOU Read More »
Filing a Chapter 7 bankruptcy generally makes sense for anyone who cannot keep up with their bills. There is no shame in seeking a fresh start due to loss of employment, medical bills or a divorce. As an experienced New Jersey bankruptcy attorney, when you call me, I will first be concerned about your qualifications
CHAPTER 7 BANKRUPTCY FAQS Read More »
The United States Bankruptcy Code requires a debtor to list all assets and liabilities, as well as all income and expenses. The listing of assets allows the bankruptcy trustee and court to determine whether there are any actual or potential funds to satisfy creditors. One kind of asset is the debtor’s potential recovery in a
What Is Judicial Estoppel? Read More »
There are many circumstances in which landlords become involved in the bankruptcy process. This blog will not deal with landlords filing a bankruptcy petition as debtor. We will discuss what happens when a tenant files bankruptcy and what to do. A tenant facing eviction may file a bankruptcy petition. Most common is that the eviction
BANKRUPTCY FOR LANDLORDS Read More »
Banks typically do not freeze the bank account of a customer filing a New Jersey bankruptcy. However, they can. A bank may freeze your account just as soon as it learns that you have filed for bankruptcy. It will say that it is doing so to preserve the ability of your creditors to recover against
WILL THE BANK FREEZE MY ACCOUNT IF I FILE FOR BANKRUPTCY? Read More »
The United States Supreme Court recently held that a bankruptcy debtor who has liability for fraud may not discharge that debt even if the debtor did not know of the fraud or participate in it. The details of the case were as follows: Kate and David Bartenwerfer decided to remodel the house they jointly owned
US SUPREME COURT SAYS THAT DEBTOR MAY NOT DISCHARGE FRAUDULENT DEBT Read More »
The Whelan law firm has been committed to excellence for over 30 years. With offices located centrally in New Jersey, we are able to provide businesses and individuals with excellent legal services.
