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...
Providing New Jersey Residents With A Fresh Start
Chapter 7 And Chapter 13 Bankruptcy
You can re-establish your credit rating after bankruptcy
Millions of Americans are currently struggling to manage their living expenses. It’s a common misconception that people have to be reckless with money before falling into financial hardship, but this is far from the truth. Medical bills, unemployment, family issues...
How can college graduates pay off their debt?
You had the typical college experience: going to parties every night, living off pizza and free food, joining clubs that went on oversea trips, binge-watching shows until you have to write up that last-minute essay -- and, of course, building up a ton of debt along...
Should you swear off credit cards after filing for bankruptcy?
You got over your head in debt and so you realized you needed to file for bankruptcy. Much of that debt was on your credit cards, although you also had medical bills, a mortgage, student loans and a lot of other debt that was impacting your financial situation. But it...
How do you know it’s the right time to file for bankruptcy?
Bankruptcy can be a kind of emergency protection, or something you plan slowly to resolve accumulating debt. When your finances are a mess, you can file for personal bankruptcy to regain control. Many people would like to avoid bankruptcy, but that aversion to filing...
Should you divorce if your spouse is bankrupt?
When your spouse approached you and told you that they were behind on their bills can had a heavy debt load that you didn’t know about, you were shocked. You realize that a bankruptcy may be a good option for them, but you don’t want to end up with a bankruptcy on...
Will you need to reaffirm your car loan during bankruptcy
Your credit situation changes dramatically when you file for bankruptcy. Your existing lines of credit will freeze. Often, unsecured lines of credit will be eligible for discharge in the bankruptcy. That means you won't have to pay them back after the court finalized...
Can you get a home loan if you go into bankruptcy?
There are many people who struggle with their finances but who still want to try to move forward in life. They may want to take out a home loan and start building wealth, but with poor credit, it’s difficult. Bankruptcy is a good way to eliminate debt and help you get...
What you need to know about New Jersey bankruptcy exemptions
A common misconception about filing for bankruptcy is that you will lose everything you own and start life afresh. Does it mean a life of abject poverty and losing all your assets? If you are thinking of filing for bankruptcy, you have probably heard of exemptions....
How long will your bankruptcy discharge affect your credit?
When the courts discharge the balances on your unsecured lines of credit in a bankruptcy filing, they absolve you of the obligation to repay those debts in the future. While your discharge will help you by freeing up your financial resources, it can also limit your...