Steven J. Richardson | February 8, 2010
I have been helping people deep in debt to get a fresh start in bankruptcy for over 18 years now, and my clients most often find themselves in financial straits due to out-of-control credit card debt, medical bills (whether they have health insurance or not, which is another story!), job loss, divorce, and the like. [...]
Steven J. Richardson | January 27, 2010
It’s a new year, and the W-2s and 1099s are coming in, so it is time to start working on your tax return, especially if you think you are entitled to a refund. If you are contemplating bankruptcy at the same time, however, you should be mindful of the amount and be aware that it [...]
Steven J. Richardson | January 11, 2010
No one wants to file bankruptcy unless they have to do so. This then often leads many to try (and rely) on alternatives that can lead to further problems. One prime example of this is the “mortgage workout” with the bank’s loss mitigation department during a foreclosure action. If they can just modify their mortgage [...]
Steven J. Richardson | December 30, 2009
Section 341a of the U.S. Bankruptcy Code requires that there be a First Meeting of Creditors where the debtor meets with the trustee, who asks him or her questions about the filing, along with any creditors who may appear. For chapter 7s in New Jersey it occurs about 45 days after the bankruptcy is filed; [...]
Steven J. Richardson | December 15, 2009
Since I started my bankruptcy practice back in 1992, I have noticed a marked decline in new clients signed in December and January. I have long suspected it is because people are either in denial (shocked back to reality in January when the credit card bills come in with all those gift charges) or they [...]