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February 2013 Archives

$3.1M settlement could help some in New Jersey stop foreclosure

Lender Processing Services and a couple of its subsidiaries have admitted in a multi-state settlement that mortgage foreclosure documents contain false signatures and those documents were falsely notarized. As a part of the settlement, the company and its subsidiaries are banned from participating in these types of "shoddy practices" when conducting foreclosures. New Jersey will receive approximately $3.1 million of the $127 million settlement, and this may help some people stop foreclosure.

New Jersey bankruptcy: Credit card debt could last until death

The generation of students coming out of college may still be paying for their credit cards long after graduation. Some projections indicate that the newest generation of credit card users could still be paying for their credit card debt when they die. Some in New Jersey may decide to file bankruptcy long before that happens.

New Jersey baby boomers could face bankruptcy at retirement

There may be plenty of baby boomers in New Jersey that wish they could afford to retire, but just don't feel they can due to their financial situation. When the recession hit, many baby boomers believed that the equity in their home was like having a savings account. Now, some of those same people are facing foreclosure and bankruptcy due to circumstances out of their control.

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At the law offices of Minion & Sherman, our New Jersey bankruptcy attorneys have been providing families with real solutions for more than 20 years.

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