Winds of Change Can Bring Us to a Better Place

December 12, 2013

At times all of us:  have been rejected, have made mistakes, have not been accepted for a position, had financial problems, etc.

You must keep moving forward and don’t give up with your long-term visions or plans for your life.

I have heard many say:  “I’m too far in debt so I just keep spending and charging – what is another $100 when I owe $70,000 to my creditors”.     The debt gets larger and larger until they make a change to do something to turn their lives around. Continue reading…

Do I Earn too Much to File for NJ Bankruptcy Protection?

December 2, 2013

I have been representing debtors in bankruptcies for over 20 years.

There are common misconceptions about earnings:

  •  “Bankruptcy is only for the unemployed”       or
  •  “I earn way too much to qualify for  bankruptcy”.

The truth is you cannot earn too much which makes you ineligible for bankruptcy. In fact, in a bankruptcy reorganization for individuals (Chapter 13), there is a requirement that the debtor have sufficient income to cover his/ her basic living expenses.

Most of my clients are employed.  Many of my clients had rather high incomes yet still qualified for bankruptcy.     By high incomes I mean $100,000 to $200,000 per year. One of my clients actually earned over $300,000 per year.

How is this possible? Continue reading…

Bankruptcy Filings Down 14% for March 2013

December 1, 2013

Bankruptcy filings for the twelve month period ending March 31, 2013, fell 14.4 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2012, according to statistics released by the Administrative Office of the U.S. Courts. March 2012 bankruptcy filings totaled 1,170,324, compared to 1,367,006 bankruptcy cases filed in the 12-month period ending March 31, 2012.

Similarly, bankruptcy filings in New Jersey are down 19% during the same time period.

Continue reading…

New Mediation Program will be instituted for NJ Bankruptcy – Pending General Order

November 26, 2013

New Mediation Program will be instituted for contested NJ Bankruptcies:

There will be a new mediation program implementation set to begin April 1, 2014.  This is a court-supervised mediation program to facilitate resolution of contested matters and adversary proceeding for debtors, creditors and parties in interest. Continue reading…

Hiring & Obtaining the Right Match between Client and Attorney & any Professional

November 29, 2013

Hiring and Obtaining the Right Match between Client and Attorney & Any Professional.

Recently a client came to me to recover the damages and original money spent with a roofing contractor in New Jersey.    The advertising that was on the contractor’s website, if true, would have been a perfect fit.   However, after spending over $30,000 with the contractor and her roof was still leaking, my client discovered that the following statements were false and misleading:

BBB accredited – Actually the company had an “F” rating.

100% Satisfaction Guaranteed – Well that was untrue too – after three years of my client calling them and them promising to fix the leaks, they told her to sue them and they would not be back. Continue reading…

What You Should Look For When Hiring a Bankruptcy Attorney?

November 26, 2013

I would suggest when interviewing a NJ bankruptcy attorney   for representation, you assure yourself that this attorney is:

Compassionate: This is a life changing event and explaining the situation to a professional who cares is important to reduce your concerns in a truthful, clear and concerned manner. You want to be able to be open and honest with your attorney without being judged and most of all be given an opportunity to explain how this situation occurred in your life.

Expert in Bankruptcy:  Ask your attorney how many bankruptcy cases, he/she has handled? What is their success rate in approved bankruptcy petitions -Chapter 7, Chapter 11 and Chapter 13?

Is your attorney Board Certified? Continue reading…

New Jersey Bankruptcy Attorney Ralph A. Ferro, Jr. Warns of Cut-Rate Bankruptcy Advice

New Jersey Bankruptcy Attorney Ralph A. Ferro, Jr. Warns of Cut-Rate Bankruptcy Advice

November 25, 2013

New Jersey Bankruptcy attorney, Ralph A. Ferro, Jr., warns consumer to beware of cut-rate bankruptcy advice.

These tough financial times have forced many individuals to elect to file for bankruptcy more than ever before.  This need has also caused the emergence of many so called “debt relief agencies/bankruptcy advice companies”.  These companies prey upon the financial and personal vulnerability of financially distressed consumers and often make promises that cannot be kept.   Consumers are advised of delay tactics which only postpone the inevitable with no permanent fix.

These agencies usually require fairly large fees paid in advance and do not deliver.  The consumer ends up spending quite a bit of money and their debt situation has, in fact, gotten worse.

On another side, there are attorneys who charge what appears to be a very low fee compared to the customary rate.  They have no intention of spending a lot of time on your case or with you.    Calls are not returned, your case is handled by an associate or paralegal and there may be a different attorney that appears with you in court.

Remember the old clichés:   You get what you pay for   or  “ the bitter taste of poor quality lingers far longer than the  initial sweetness of a cheap price ”.  

Clients usually make an appointment with a bankruptcy attorney when they have tried all ways to meet their debts and feel completely discouraged; their lives are spiraling out of control.   Clients need and deserve personalized attention to get a fresh start and move forward.

About Bankruptcy Attorney New Jersey: Ralph A. Ferro, Jr. handles his clients’ cases personally from start to finish with a 100% success rate on all filed bankruptcy petitions.  Located in Little Falls, NJ, Mr. Ferro is a Passaic County Bankruptcy Lawyer and offers legal counsel to the entire state of New Jersey including but not limited to Bankruptcy Law, Chapter 7 Bankruptcy and Chapter 13 Bankruptcy.  Ralph A. Ferro, Jr. has over 20 years of Bankruptcy Law experience.    Most of all, Ralph A. Ferro, Jr., truly cares about his clients listening to each unique situation which led to their financial situations.

Ralph A. Ferro, Jr., Esq. – Law Offices

66 East Main Street, 3rd Floor

Little Falls, NJ  07424          Direct Line:  (201) 446-5904

Bankruptcy Filing – Honesty and Integrity

I’m sure many of you have read or heard about Teresa and Joe Giudice, co-stars of the reality show Real Housewives of New Jersey.

Their Chapter 7 Bankruptcy filing in New Jersey has hit the media and also the Government and taken front stage.

They are being charged among other items – Bankruptcy Fraud. Continue reading…

Press Release: Trusted Consumer Review Announces Best NJ Bankruptcy Attorney – 100% success rate

November 20, 2013

It is important to check out your Bankruptcy Attorney’s success rate in filing for bankruptcies.

Why would anyone want to hire someone without knowing how well they have done in the past?

Would you hire someone for a job that they have failed 50% of the time when they represented clients?

It is so important that a case is carefully reviewed and tested before taking a case for Bankruptcy.   If your attorney has not been successful, it seems to point to the fact that they took the case and did not do their due diligence to review the case to see if the client meets the tests for Chapter 7, etc.

 Before you hire an attorney, ask them about their success rates.   You can ask for proof and a statement from the attorney.   If they are hesitate to provide this, your gut should tell you something isn’t right.

I always screen my cases before taking the case.    Why would I want to fail?  Just for the legal fees?   I care about my clients and also my integrity in my professionalism.

Trusted Consumer Review Announces Best New Jersey Bankruptcy Attorney

New York, New York (PRWEB) July 15, 2013

Trusted Consumer Review is pleased to announce Ralph Ferro Jr., as the best New Jersey bankruptcy attorney.

Trusted Consumer Review audited numerous New Jersey bankruptcy attorneys, and found the law office of

Ralph A. Ferro Jr., to be the very best.

Operating for many years, Ralph A.  Ferro Jr., has a spotless record, and a 100% success rate, helping consumers.

Now, more than ever, consumers are deep in debt. Sometimes, bankruptcy is the only way out.  Finding the right lawyer can make a huge difference. The law office of Ralph A. Ferro Jr., had the highest reviews when audited, from past clients.

Trusted Consumer Review is pleased to award Ralph A.  Ferro Jr., the honor of being the best bankruptcy attorney in New Jersey.

Stand-In Attorneys Don’t Hold Water in Some Courts and Certainly Not in My Practice.

I never send someone to stand in on any of my bankruptcy cases.   You hire me, I meet with you, work through your case, attend all hearings/court proceedings and follow the case to completion.

In a recent opinion by Judge Jeff Bohn (Consumer Bankruptcy News – Volume 23, Issue 19) he stated:

“The use of appearance attorneys deprives clients….Such a practice is insulting to the client, the Court, and the principles upon which the judicial system is built.   Attorneys are not fungible.  Attorneys are not all equal to each other, either in their courtroom abilities, their understanding of the law, or in their communicative skills.

Clients choose a firm and an attorney for a reason, and clients have a right to be represented by the attorney of their choice during all portions of their case.

The justification for certain consumer bankruptcy attorneys that their business model will not work unless they are allowed to use appearance attorneys HOLDS NO WATER with this Court.   If a firm’s business model conflicts with the professional standards of the legal profession, the former must give way to the latter,” the court said.

I agree fully.  Be sure to ask when you interview or have your first meeting with an attorney, who will be handling my case?

  • An assistant,
  • Another attorney
  • Appearance attorney???
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