Understanding the distinctions between Chapter 7 and Chapter 13 bankruptcies is important for those facing financial challenges. Both chapters of bankruptcy offer a path to financial relief. However, they operate differently and cater to distinct financial situations....
When you follow bankruptcy procedures correctly, you avoid delays in your case and even legal sanctions that could endanger your bankruptcy. This is definitely true when you attempt Chapter 7 liquidation and must list your assets. Your assets become a part of your...
Divorce proceedings involve many considerations. One important aspect is the division of marital assets. In the state of New Jersey, the principle guiding this division is "equitable distribution." Equitable distribution Equitable distribution does not imply a strict...
Here in New Jersey, entrepreneurs play a critical role, with nearly a million small businesses in the state, according to the U.S. Small Business Administration. For New Jersey business owners, divorce can be a complex undertaking. The process involves assessing the...
New Jersey homeowners should become familiar with eminent domain. The government can acquire private property for public use that benefits the overall community. Reviewing eminent domain laws can help you understand your rights if you face this challenging situation....
Many people put off or avoid bankruptcy because they worry about credit-related repercussions. They know that they will need to buy a vehicle in the near future or they hope to buy a house. They don't want their current financial struggles to prevent them from having...
Child custody decisions in the legal system play a pivotal role in determining the well-being of children affected by divorce or separation. The court is responsible for making these decisions, and understanding the process is essential for parents seeking custody....
Many homebuyers may find themselves in unfamiliar territory when faced with the intricacies of a purchase agreement. Because of this, they may sometimes overlook important clauses in the document. Contingencies and earnest money deposits are among these critical...
The United States Courts reported 387,721 bankruptcy filings in 2022. One of the most important aspects of this process is liquidating assets. If you file Chapter 7 bankruptcy, you should understand what liquidation is and how it works. Liquidation defined Asset...
If you find yourself struggling to pay your debts, filing for Chapter 13 bankruptcy is a potential solution. This allows you to restructure your debts and create a manageable repayment plan. As long as you follow the repayment schedule, you should successfully emerge...
