Author Archives: David Alan Ast, P.C.

New Jersey Basic Bankruptcy Information

Bankruptcy Attorneys in Morris County Help Clients Through the Bankruptcy Process If you are one of the many people who are dealing with overwhelming debt, you may have questions about how the bankruptcy process can help you. A New Jersey bankruptcy lawyer from our law firm will go beyond simply giving you bankruptcy information, we can also explain your alternatives to bankruptcy to help you find your best debt relief solution. Bankruptcy law is the foundation of our practice, so even if you worry that your case might be complicated or unusual, we have probably handled a similar case in the past. Contact Our Morristown Law Office for More Bankruptcy Information The following video about bankruptcy law will help you begin to understand the bankruptcy process in New Jersey. However, we know that not all questions about filing bankruptcy in New Jersey can be answered by watching videos. We can…
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What to Do After a Chapter 7 Bankruptcy

Morris County Bankruptcy Attorneys Offer Tips for Maintaining Good Credit You have discharged debts through Chapter 7 bankruptcy and you are ready to enjoy life without as many financial anchors weighing you down. However, the journey is not over. Much like staying in shape, you cannot immediately give up exercise and nutrition once you obtain an ideal figure. To keep it, you need to maintain a healthy lifestyle. Here, our Morris County bankruptcy attorney explains ways you can keep you a positive line of credit after you file for Chapter 7 bankruptcy. Maintaining Good Credit After a Chapter 7 Bankruptcy Bankruptcy offers a fresh start on your finances as long as you proceed carefully in the period following a bankruptcy. If your bankruptcy resulted in a discharge of debt, you will not be eligible for similar discharges in subsequent bankruptcies. You must wait eight years before you can get another…
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A Lesson Against Unethical Behavior During Bankruptcy

Follow New Jersey Bankruptcy Laws Carefully Harold P. Cook III, a former municipal court judge in New Jersey, filed bankruptcy to absolve his $10 million debt. His accusers say that he violated many ethical guidelines, including: Transferring ownership of a vacation home to his wife to keep it from being repossessed Failing to disclose a loan company’s lack of financial resources to investors Engaging in “fraudulent conduct” to avoid obligations to his creditors Making political contributions that violate the judicial code of conduct Failing to show up for depositions or return phone calls about charges Cook owned portions of nearly 50 companies and was involved in many real estate transactions. The lawsuits, along with his failure to disclose these lawsuits to judicial officials, led to his disbarment and wage garnishment. He provided loans for these companies, which later defaulted on the loans. He now owes millions of dollars to several…
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