New Jersey Debt Lawyer Represents Clients in Camden and Burlington Counties Who are Facing Deficiency Judgments

The foreclosure process has many steps. As you go through this process, it is important to know that you do have options for seeking debt relief. Becoming educated about your options from a bankruptcy lawyer is important. At my law firm, I am here to guide you through the bankruptcy process and help protect your interests.

I am attorney Joel R. Spivack, and I represent individuals in consumer bankruptcy matters throughout New Jersey. My entire practice is dedicated to bankruptcy law. I have helped thousands of people get a fresh start.

Facing Foreclosure in Cherry Hill, NJ? Contact Joel R. Spivack about Your Deficiency Judgment

A home is a significant asset. For some people, it is their biggest asset. When you are unable to pay your mortgage, the threat of foreclosure can be daunting. As the foreclosure process comes closer, you will start to evaluate all your options. The idea of “walking away” from your mortgage is one option that should not be put on the table. Here’s why.

Unlike what many people think, walking away from your mortgage does not mean that you give it back to the mortgage company without liability. In New Jersey, mortgage companies have the ability to come after individuals who walk away from their mortgage with a deficiency judgment. If this happens, the IRS will look at this judgment as debt that can be taxed. This now brings pressing tax issues onto your plate that can follow you for years to come.

Skilled NJ Debt Lawyer Can Help You Decide When Bankruptcy Is the Best Option

Choosing bankruptcy can relieve many of the challenges that you could face if you simply walked away from your mortgage. Bankruptcy eliminates canceled debt (which the IRS considers income) and allows you to get a fresh start.

I will take the time to put a stop to rumors and explain the facts about bankruptcy. In nearly all situations, bankruptcy is the best option for my clients. A Chapter 13 bankruptcy gives you breathing room so you can get caught up on your payments. It is an option that many of my clients choose.

My goal is to help you get the debt relief you need. I will explain your options and provide you with the information you must have to make a smart decision. As your New Jersey deficiency judgment attorney, I will seek to avoid tax issues and other complications and get you a fresh start.

Contact a Philadelphia Foreclosure Attorney for Assistance with Your Deficiency Judgment Today

To schedule a free, no-obligation consultation, please call 856-861-6203 or 866-488-2196. I can also be reached online via e-mail. Consultations can be conducted in person. My office is located in Cherry Hill, and my regular business hours are 8 a.m. to 5 p.m., Monday through Friday. Free parking is available.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.