Purchasing a new home represents not only a thoroughly exciting adventure, but also a huge investment. In all likelihood, you will pay more for your home than for any other asset you ever acquire. That is why you need to know that when title passes from your home’s...
What is the automatic stay?
When you file bankruptcy, the court will issue an automatic stay. According to Cornell Law School, this is a hold that goes in place to prevent creditors from trying to collect debts from you. The automatic stay helps to keep your case organized because it stops...
Are LGBT marriages and divorces different than heterosexual ones?
Same-sex marriage has been legal in the U.S. for five years (seven in New Jersey), but many states still have laws on the books that oppose it. That resistance signifies that some people view LGBT marriage as somehow different than heterosexual marriage. Is it? Is...
What are exemptions in bankruptcy?
When you file Chapter 7 bankruptcy, the court will liquidate or sell your assets to repay your debts. While this may seem alarming, the good news is that the law allows you to exempt some of your property, which means you get to keep it and the court cannot take it...
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