After deciding to file for bankruptcy in New Jersey, someone with financial challenges still has other important decisions to make. The kind of bankruptcy they pursue will determine what risks the process involves, how long it will take to secure a judgment and even...
If you’re interested in filing for personal bankruptcy, you’ll likely be choosing between Chapter 7 and Chapter 13 relief. Chapter 7 is often preferable for those who qualify, as this process doesn’t require repayment of debt before a discharge will be ordered. The...
Those researching bankruptcy usually hope to find ways to ensure they succeed in their efforts. While it is wise to focus on ensuring success, do not overlook steps to take ahead of filing for bankruptcy. If you make the right money moves now, you have better odds of...
It's all too easy to build up debt, which is great when raising your credit score. As such, credit card offers often come by the dozen and make quick work of large purchases. However, in an unfortunate accident, someone could become overwhelmed with medical debt. Or,...
Most people are scared of filing for bankruptcy due to widespread misconceptions about how everything works. As a result, many deserving individuals sink deeper into debt or lose their possessions to debt collectors, while some end up facing creditor lawsuits. All...
It’s common knowledge that filing for bankruptcy wipes out most of your existing debts. The proper term for that is debt discharge. When a bankruptcy court discharges your debt, it effectively cancels the legal obligation you had to repay the creditor. The whole idea...
Bankruptcy is a huge financial decision. Handled right, it can provide the debt relief you badly need to get back on your feet. Handled incorrectly, however, bankruptcy can worsen your situation. There are mistakes around declaring bankruptcy that most people find...
Credit cards can be useful when you need to make a big purchase and don’t quite have enough savings set aside. However, it’s vital that you only take on what you can definitely afford to pay back, otherwise credit cards can become a serious burden financially. There...
For many people, the idea that others could find out that they went bankruptcy is upsetting and unacceptable. They don’t want to be seen as someone who couldn’t manage their money or survive without support from the government. Realistically, you need to understand...
You’ve been in financial trouble for a while now, but despite your best efforts, you can’t seem to get it under control. After exploring your options, you’ve decided that bankruptcy is the best course of action to take. The financial impacts of bankruptcy are often...
