Author Archives: lawadmin

Have you stopped making Mortgage Payments?

Mortgage Delinquencies are on the rise. Have you stopped making Mortgage Payments?

May 2015 saw the largest month-over-month increase in delinquent residential mortgages for any May since 2009 and the largest month-over-month increase for any month since November 2014, according to Black Knight Financial Services’ May 2015 Mortgage Monitor released on Monday.

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Forgiveness of Tax Debt In Bankruptcy

Forgiveness of Tax Debt In Bankruptcy
by: Jonathan Goldsmith Cohen
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Did you know that back taxes can be forgiven in a bankruptcy filing? It is absolutely terrific when you can qualify for forgiveness of IRS debt.

We do the analysis to determine whether or not your taxes can be discharged in bankruptcy. If they can be discharged, taxes are completely forgiven in a Chapter 7 Bankruptcy or paid back in part based on your income and assets in a Chapter 13 Bankruptcy. Continue reading

Glossary of Student Loan Terms

Below is a Glossary of Student Loan Terms. Please have a read. If you have any Student Loan questions please Contact the I. Mark Cohen Law Group via our Contact Page or by calling 732-741-9500.

Account

A grouping of one or more Direct loans distributed by the U.S. Department of Education. Borrowers can have one or more accounts. Each account has a unique number assigned to identify it. The format of an account number is your Social Security Number (SSN) plus a one-digit identifier added to the end (e.g. 123-45-6789-1), if you receive a notice that affects all of your possible accounts, the account number on the notice may be abbreviated to the SSN only.
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