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Am I Entitled to Surplus Funds After a NJ Foreclosure?

Introduction
If you are a homeowner facing foreclosure, the experience can be very overwhelming and upsetting. There is, however, a little known process that can give you some hope—recovering surplus funds. If your property sells at Sheriff Sale for more than you owe, you may be entitled to some money-called surplus funds. At Levitt and Slafkes, P.C. we understand the complexities of NJ foreclosure law and can help you obtain any surplus funds that you are entitled to.

How Much Do You Have to Be in Debt to File Chapter 7?

If you find yourself struggling with debt, you may be considering filing for bankruptcy. Bankruptcy can provide a fresh start and the opportunity to rebuild your financial life. But how much debt do you need to have in order to qualify for a Chapter 7 bankruptcy? There is no specific amount of debt that you need to file, as each situation is unique.

 

Every situation is different, and you should consider many factors before filing for bankruptcy. Discuss your options with Phoenix bankruptcy attorney today.