Receiving a foreclosure notice can be a scary thing.  Most people don’t know what to do with a foreclosure notice.  They call their bank looking for answers only to find false promises of a “mortgage modification” option or no answers at all.

Your first call upon receiving a foreclosure notice should not be to your bank but to a personal bankruptcy attorney.  A personal bankruptcy attorney can guide you through what to expect next and how best to handle your foreclosure notice.  A personal bankruptcy attorney can address questions you may have and discuss how declaring personal bankruptcy may save your home.

New Jersey Bankruptcy Attorney Bruce C. Truesdale provides guidance to his clients at his office and through this website on foreclosure, what will happen next and how bankruptcy can help.

Have more questions than the articles can answer?  Give us a call at 732-302-9600 and we can talk about how our bankruptcy attorneys can help you with your foreclosure.


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The short sale is tempting.  The idea behind it appeals to every underwater mortgagor in the country.  I can sell my home for what it is worth, even it is less than I owe, and the mortgage company will accept it.  The short sale offers the opportunity to move on with a life that has been stalled due to an underwater mortgage and with no consequences whatsoever.

If only it were that simple.  Good rule of thumb: If it sounds too good to be true, it probably is.

New Jersey Bankruptcy Attorney Bruce C. Truesdale understands the nuances of a short sale and explains them in detail in this article. 

Short sales are a tax trap that usually only solves about half the problems most debtors have when considering a short sale or declaring personal bankruptcy.

Contact our bankruptcy lawyers regarding how to move forward with your life and how best to handle your home mortgage.


For a Free Consultation Call 732-302-9600!

There are many people out there thinking about bankruptcy that hesitate to file personal bankruptcy because they have no idea how it works or what will happen.

Declaring personal bankruptcy becomes a nightmare scenario when you don’t know what to expect.  Perhaps you saw a person on a reality television show file a personal bankruptcy and lose everything or heard a nightmare story about a friend of a friend that lost their home or their car.

These fears can be calmed when you hire an experienced New Jersey bankruptcy attorney to handle your personal bankruptcy case and address any fears or qualms you have about the process going forward.

The bankruptcy lawyers at Bruce C.  Truesdale PC provide a timeline of events to our clients at the first contact so that you get off the phone feeling good about your decision to contact a lawyer and seek information on how to declare bankruptcy.

So take the first step and decide to contact our firm so that we can help.  You can call at 732-302-9600 or complete our five minute consultation and we will be happy to contact you right away and answer any questions you may have.

As home values continue to fall more and more bankruptcy clients are interested in short selling their homes to get out from underneath underwater mortgages, however the real question is what is the benefit of doing this short sale at all.

The short answer is maybe none.

If a new client is serious about filing for personal bankruptcy, is underwater on the mortgage with their home, and intends to surrender the property there is virtually no benefit to going through the hassle of a short sale.  In that scenario, the only person who is well served by a short sale is the real estate agent earning a commission.

Local bankruptcy lawyer, Bruce Truesdale summed up the perks and pitfalls of a short sale in his article “Short Sales” Beware The Tax Man.

Interested in how a bankruptcy can help you with your underwater home?  Call our office at 732-302-9600 or e-mail our office at to speak to one of our personal bankruptcy attorneys and get your fresh start!

I must be asked the same questions by every single client that walks through the door.

“How long will my personal bankruptcy be on my credit?’

” What can I do to fix my credit after my personal bankruptcy?”

These are legitimate concerns that every client preparing to file a chapter 7 or 13 bankruptcy asks.

The answer to this question lies in how bankruptcy is perceived by consumers.  There is not such thing as credit repair, but we can help you get on track to a better credit score following your personal bankruptcy with one of our two methods.

Want to learn more?  Call one of our New Jersey Bankruptcy Attorneys at 732-302-9600 to learn how we can help you get back on track.