Category Archives: Bankruptcy


Minimum Payments Delay Improving Your Financial Health

When addressing the financial strategies of my clients, one recurring issue that presents itself is the practice of only making the minimum payments on credit card balances. It is imperative to understand why this approach can be detrimental to one’s financial health. The interest rates associated with credit cards are typically much higher than other……
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Bankruptcy Attorney Joel R. Spivack Shares Why Debt Settlement is Not the Best Option for Everyone

When confronted with the overwhelming burden of debt, it’s natural for people to seek relief from any source possible. Debt settlement, a strategy in which a third party negotiates with your creditors to reduce or eliminate your debt, often presents itself as an attractive option. However, like most financial strategies, it’s not without its pitfalls. ……
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Why Debt Consolidation Isn’t Always the Best Solution: A Bankruptcy Attorney’s Perspective

Financial distress can feel overwhelming, and finding the right path toward resolution can be challenging. Two common strategies that individuals consider when addressing this crisis are debt consolidation and bankruptcy. Both options present potential advantages and disadvantages and must be approached with a clear understanding of the individual’s unique financial circumstances. In this post, we’ll……
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What Are Home Foreclosure Adjournments & How Many Can Be Used?

Are you facing foreclosure? If so, you’re not alone, it’s more common in New Jersey than many realize. In fact, we have more active foreclosure cases than any other state in the U.S. It’s a sad reality, and a big part of it is the legal procedures in place. If your house has gone into……
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Filing Bankruptcy with Equity in Home

Bankruptcy is designed to provide those struggling financially to get a fresh start. It has its advantages and disadvantages, making it something that will work for some but may not work for all. You might be considering bankruptcy, but are worried you will lose every piece of property you own. This is especially true if……
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