by Todd Murphy
Don’t panic! The foreclosure process takes time, usually as much as a couple of years. New Jersey is a so-called “judicial state” in foreclosure proceeding – the foreclosure must proceed through the court system.
[Read more…] about Bankruptcy and Foreclosure Attorney | Somerville NJ
by Todd Murphy
Bankruptcy Attorney Todd Murphy tells how bankruptcy can help.
Bankruptcy can help if you are being harassed by bill collectors on the phone, at home or at work, or if you are receiving threatening letters in the mail. There is no need to put with this type of disrespect from a bill collector. I’m sure you would like to pay them but you simply cannot. And, don’t feel bad about it. They don’t feel badly about harassing and threatening you day and night or charging you outrageous interest rates or penalties.
If you have payday loans, you really know how aggressive a bill collector can be. They are relentless. it starts off innocently enough on your part, you need a an advance to make a payment but then something comes up and you can’t pay back the payday loan. Then – wham, the interest goes to 30% and they overdraw your bank account.
Don’t feel bad about bankruptcy. It might be the right thing to do for you!
Todd Murphy‘s office in Bedminster, NJ is close to Somerville, the county seat of Somerset County. Contact him here or by calling him directly at 862-217-2361.
Foreclosure notification is a frequent result of financial difficulty. There are many ways to address a foreclosure notification, depending on how deep in arrears you are or the status of your income and employment. The most desirable path forward is to obtain a loan modification through negotiation with your creditors and mortgage holder. If you’re unable to qualify, or the bank gives you the runaround, then getting a modification through a Chapter 13 bankruptcy filing may offer you the solution you need, enabling to stay in your home, erase some debt, and pay off others through a court-supervised payment plan. Call us for a consultation to find the best option for your foreclosure situation.
