Category Archives: Chapter 13

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What Happens to Your Mortgage if You File Bankruptcy

Bankruptcy can help you recover from your debt, but you’ll still have to make your mortgage payments. An attorney at The Law Office of Joel R. Spivack can explain how the bankruptcy laws affect your home mortgage. If you’re unable to keep up with your mortgage payments, filing for bankruptcy can offer relief from debt……
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Keeping Your Home When You File for Bankruptcy in New Jersey

When a person files for bankruptcy in New Jersey, it is important for them to understand that there will likely be serious consequences as they embark on a highly complex process. That’s why it is imperative that an individual thinking about seeking bankruptcy protection first speak with a qualified bankruptcy and debt management attorney who……
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What Happens with My Tax Refund If I File for Personal Bankruptcy?

What Happens with My Tax Refund If I File for Personal Bankruptcy? When debt becomes unmanageable, many people wonder where they can turn for help. Filing for bankruptcy can help you discharge certain debts; however, the process itself is anything but simple. A common question we receive is, Can I keep my tax refund after……
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What Gets Discharged in Chapter 13 Bankruptcy?

In a Chapter 13 bankruptcy, your debt will be broken down into: Secured debts Priority unsecured debts, and Non-priority unsecured debts For secured debts guaranteed by collateral, you will have to pay or surrender them if the collateral secures your obligation. This is usually property like a car or house. Priority unsecured debts don’t go……
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How to Choose the Right Bankruptcy for Your Specific Situation

One of the largest differences between Chapter 7 and Chapter 13 protections is that, with Chapter 7, most of your debts are discharged. Under Chapter 13, you get to live in the same way you’ve become accustomed to (for example, keeping your house and vehicles) and you pay back your debt over a longer period……
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