Author Archives: glmain

Understanding Bankruptcy’s ‘Automatic Stay’

When individuals file for bankruptcy, something invisible yet incredibly resilient occurs. It serves to deflect the attempts by creditors and bill collectors to collect money owed by a debtor for services rendered or goods received. An important element of bankruptcy … Continue reading

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Bankruptcy ≠ Shame

Many people I meet feel guilty about filing bankruptcy because they feel that is a sign of weakness or shame.  However, bankruptcy has its roots in the bible in Deuteronomy Chapter 15, Verse 1.  The goal  of bankruptcy is to … Continue reading

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I was recently discharged from bankruptcy and just incurred additional expenses. What do I do now?

I have represented many clients who have been discharged from either Chapter 7 or 13 and have then incurred additional expenses.  Even though the bankruptcy code has changed the law with regard to refiling, please contact me, and I will … Continue reading

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The Effect of Filing Bankruptcy on A Cosigner / Co-debtor

When you file a bankruptcy there is an impact on the person who is a cosigner on your loans.  Although the cosigner will not have a bankruptcy on his/her credit report, any missed or late payments you made may show … Continue reading

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The 411 on Preparing to Meet with Your Bankruptcy Attorney for the First Time

Want information on the financial relief that filing for bankruptcy can offer?  You’ve taken the first step to make the appointment with a bankruptcy attorney.  Now what?  During your first consultation, I consider your individual circumstances to determine whether or … Continue reading

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Loan Sharks Masquerading as Loan Companies

It appears that more and more of my current clients have gotten suckered into loans from companies such as Payday.  These loans are not merely usurious; they are pure loan sharking, charging interest as high as 139% annually.  That is … Continue reading

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Steps to Restoring Credit After Bankruptcy

One of the biggest fears people have concerning filing bankruptcy is that it will damage their credit rating.  What people don’t realize is that when they have financial difficulties and choose not to file bankruptcy, they are often faced with … Continue reading

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Chapter 7 Bankruptcy Relief in New Jersey

Individuals overwhelmed by debt are often confused and distressed about how to solve their financial problems.  While there are many solutions to financial woes, depending on your circumstances, Chapter 7 bankruptcy may be the right solution for you. Chapter 7 … Continue reading

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Tips for Staying Out of Hot Financial Water during the Holidays

“Can you believe it’s almost Christmas?” How many times have you heard that in the last week?  And when you heard it, did you get a warm feeling, or did it make you just a little uneasy?  Unfortunately, the holidays … Continue reading

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Bankruptcy is a Global Approach

We all know people who have been touched by the financial crisis.  Perhaps you have a client who has been facing financial difficulties.  To obtain relief, he has been trying to get a loan modification and has contacted the mortgage … Continue reading

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