On behalf of Andrew M. Wolfenson, Esq., P.C. | Oct 13, 2020 | Chapter 7 And Chapter 13 Bankruptcy
Those high-interest payday loans were so financially devastating to consumers who were already struggling that many states — including New Jersey — banned them. That merely ushered in a whole new kind of predatory lending known as the installment loan....
On behalf of Andrew M. Wolfenson, Esq., P.C. | Sep 25, 2020 | Chapter 7 And Chapter 13 Bankruptcy
For most people, the idea of filing for bankruptcy can seem like a financial death sentence. While going through the bankruptcy process is never easy, bankruptcy is for people who want to eliminate substantial debt and get their financial lives back on track – which...
On behalf of Andrew M. Wolfenson, Esq., P.C. | Sep 11, 2020 | Chapter 7 And Chapter 13 Bankruptcy
While you realize that bankruptcy is the most favorable option for your financial health, you may still feel uneasy about filing. You want to put it all behind you and rebuild your financial house, and you know working on your credit score is a good place to start. ...
On behalf of Andrew M. Wolfenson, Esq., P.C. | Aug 19, 2020 | Chapter 7 And Chapter 13 Bankruptcy
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...
On behalf of Andrew M. Wolfenson, Esq., P.C. | Aug 5, 2020 | Chapter 7 And Chapter 13 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...
On behalf of Andrew M. Wolfenson, Esq., P.C. | Jun 18, 2020 | Chapter 7 And Chapter 13 Bankruptcy
When your finances spiral beyond your control, you may start exploring your options, and one such option might include filing for bankruptcy. Unless you have enough income at your disposal to pay back some of what you owe, you may prefer to file for Chapter 7...
On behalf of Andrew M. Wolfenson, Esq., P.C. | Jun 4, 2020 | Chapter 7 And Chapter 13 Bankruptcy
Coming to terms with the fact that your financial hardships will require significant intervention to correct may leave you feeling discouraged and uncertain. Fortunately, if you choose to file for bankruptcy in New Jersey, your decision does not mean you will never be...
On behalf of Andrew M. Wolfenson, Esq., P.C. | Apr 16, 2020 | Chapter 7 And Chapter 13 Bankruptcy
New Jersey residents sometimes fall on hard financial times. In these situations, it is easy to feel overwhelmed. What do you do next? Where do you turn? In your most vulnerable moment, unscrupulous collection agencies may try to harass you. But harassment by debt...
On behalf of Andrew M. Wolfenson, Esq., P.C. | Apr 9, 2020 | Chapter 7 And Chapter 13 Bankruptcy
Many people struggling with unmanageable debt loads may give consideration to filing for bankruptcy. However, they may be hesitant to pursue this option because they believe they will have to give up some assets, like their home. This, however, does not always happen...
On behalf of Andrew M. Wolfenson, Esq., P.C. | Mar 25, 2020 | Chapter 7 And Chapter 13 Bankruptcy
More than 45 million individuals owe an aggregate amount of at least $1.5 trillion worth of student loan debts based on data provided by the Federal Reserve. The average student loan debt for New Jersey residents comes to $32,247 per borrower, as reported by Forbes...
