How to Get the Creditors to Stop Calling When You Owe Them Money?

By sinukip | September 3, 2019

When you’re overburdened with excessive debt, it’s not unusual to get relentlessly bombarded with a never-ending barrage of phone calls from money hungry creditors.  There goal and paycheck usually are dependent on them trying to get whatever they can from you.  It is as if your phone has been hijacked, you are stressed out enough…

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By richie | May 2, 2019

Debt has become a way of life for many.  And even though Bankruptcy has become much more common and acceptable than it was just 10 years ago, it still intimidates many Americans who could most benefit from the process.  A telltale signal that bankruptcy may be right for you is when what you owe exceeds…

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Tips For Smart Holiday Spending

By richie | December 12, 2018

The holidays are once again upon up.  Time for celebrating with friends and family.  Time for parties and holiday gift-giving.  Everyone wants to give that perfect gift to their loved ones or be the perfect host or hostess for that holiday party, however, holidays are one of the stressful times of the year if you…

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chapter 13 bankruptcy & foreclosure


By richie | December 4, 2018

No one wants to imagine a scenario in which they are losing their home to a foreclosure.  It’s not a pleasant thought at all, the risk of losing your home and having your family displaced.  Foreclosures are financially devastating.  Not only do they ruin your credit, they also wipe out any value you have paid…

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By richie | November 11, 2018

New Jersians are always amazed when they learn that the United States Government sponsors a debt consolidation plan designed just for them and it’s much better than anything that’s available from any bank or credit union.  If you reside in South Jersey and feeling overwhelmed by your growing debt and you are currently in a…

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you owe more on your car than it is worth?

Chapter 13 Vehicle Loan Cramdown – Revisited

By richie | October 2, 2018

A Chapter 13 car loan cramdown can dramatically reduce your monthly vehicle loan payment and lower the total amount you owe. Last month we covered the technical requirements of a cramdown. Today, I’ll give an example of the “power” of the cramdown. Chapter 13 Cramdown The cramdown is a very useful tool for reducing the…

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automatic stay

The Automatic Stay! What Happens When I File a Chapter 7 Bankruptcy Petition?

By richie | September 24, 2018

A voluntary Chapter 7 Bankruptcy case is commenced upon the filing of a petition with the bankruptcy court.  A bankruptcy petition is a formal written request, bearing your signature, requesting relief from the bankruptcy court for relief. Pursuant to Section 301 (b), “the commencement of case under this chapter constitutes an order for relief under…

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trustee abandon assets

What Does It Mean When the Chapter 7 Trustee Abandon Assets?

By richie | September 18, 2018

Chapter 7 trustee’s right to abandon assets in a Chapter 7 Bankruptcy A Chapter 7 trustee’s right to abandon assets in a Chapter 7 Bankruptcy filing is governed by Section 554 of the United States Bankruptcy Code.  The Code states there are two ways the debtor’s assets are abandoned in a Chapter 7 bankruptcy case. …

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No shame in bankruptcy

No Shame in Bankruptcy

By richie | September 7, 2018

You’ve thought about it, over and over.  You’ve probably even picked up the phone and started to dial it, only finding yourself making excuses why you shouldn’t do it.  Embarrassment? Shame?  Just an overall gut-feeling that something seems wrong.  We are, of course, talking about that phone call to the lawyer’s office to discuss your…

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Timing to file bankruptcy

Filing Bankruptcy? Do it Immediately

By richie | September 7, 2018

If you have to file for bankruptcy, the sooner you file the better.  The longer you wait, the more it’s going to cost you.  The issues become more complex thus you end up paying your lawyer more.  Your credit score will take a beating too, as you miss making payments to creditors.  Only in a…

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