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March 2013 Archives

R. Kelly unable to stop foreclosure of his home

Singer R. Kelly has now joined a host of celebrities who have not been able to escape the impact of the recession. Like many homeowners here in New Jersey, he was unable to stop foreclosure of his reportedly $5 million home in the windy city. His lender, J.P. Morgan Chase purchased the home at auction for $950,000.

New Jersey bankruptcy: payday loans can lead to financial woes

There are likely many people in New Jersey that have taken out a payday loan at some point in their adult life. These "short term" loans can end up costing consumers for weeks or even months. For some consumers, their need for payday loans may even be a precursor or a contributor to filing for bankruptcy protection.

New Jersey bankruptcy: Debt collector investigated re harassment

Anyone in New Jersey that has had a debt sent to collections knows how it feels to be harassed by debt collectors. It's stressful enough to be subjected to some debt collectors' tactics while contemplating bankruptcy; but when the debt doesn't even belong to the party being harassed, the stress can be just as bad. One debt collection agency has been under investigation for harassing people who have either paid off the debt in question or don't even owe the debt they are being harassed over.

New Jersey homeowners may still be on the hook for debt

New Jersey residents may need to be aware of yet another consequence of the proliferation of foreclosures that have been processed since the housing bubble burst. There are many homeowners in New Jersey that believe their foreclosures are complete and they are no longer responsible for any debt associated with their prior home. Unfortunately, some lenders failed to complete the foreclosure process in a manner that causes the homeowner to remain liable for the property.

New Jersey bankruptcy: Economy showing signs of life

It's being said that the economy is beginning to show signs of life. Consumers are starting to spend again, even if it's not in the same way as they were before the recession. It is still up for debate whether consumers in New Jersey would agree, considering the fact that some people are still facing the possibility of bankruptcy.


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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