Many people have a false perception of bankruptcy as a sign of failure or financial inexperience. The reality is that when unplanned hardships like personal injuries, severe illnesses and job loss happen, bankruptcy offers hundreds of thousands of Americans a way to...
Providing New Jersey Residents With A Fresh Start
Chapter 7 And Chapter 13 Bankruptcy
Who decides what you pay during Chapter 13 bankruptcy?
Each kind of bankruptcy has different rules and requirements. Chapter 13 bankruptcy is a popular form of personal bankruptcy that people also call a wage earner's plan. Those with higher incomes can still qualify for Chapter 13 bankruptcy, which allows them to protect...
Why is an automatic stay issued in bankruptcy?
People who file for bankruptcy might be tired of having debt collectors constantly contacting them. Often, phone calls and mailed demands are used to try to get people to pay. This can make answering the phone or checking the mail a stressful experience. When you file...
Can you protect your car during a New Jersey bankruptcy?
There are many reasons that people feel concerned about filing for bankruptcy. Some people worry about the effect on their credit score. Others worry about whether bankruptcy will affect their job or financing options. Another common concern about bankruptcy is the...
How do learn if you qualify for Chapter 7 bankruptcy?
Once you determine that you need to file for bankruptcy, you then need to make certain decisions about how you will do so. The form or chapter of bankruptcy that you file will have a major effect on how bankruptcy works in your case. In a Chapter 13 bankruptcy, you...
Could bankruptcy preserve your health?
Events over the last several years (or the last year alone) have pushed your finances to their breaking point. Unfortunately, when your debts are breaking your bank account, they can also break you: Debt problems can have seriously negative consequences for both your...
Do you know what constitutes non-exempt assets in a bankruptcy?
If you find yourself drowning in debt with limited means to pay what you owe, you may find yourself thinking about filing for Chapter 7 bankruptcy protection. This liquidation type of bankruptcy may allow you to wipe your financial slate almost completely clean. A lot...
Did you take out student loans based on false promises?
Like many college graduates, you might be wondering if you bought into a false dream. People told you that going to college would help you secure a good career. They told you you would soon be able to pay off the student loans you took out to get you through college....
Don’t let debt collectors harass you: You have rights
One thing that you should know, regardless of the financial situation you’re in, is that you have the right not to be harassed by debt collectors. According to the Fair Debt Collection Practices Act, or the FDCPA, debt collectors cannot oppress, harass or abuse you or...
Chapter 7 bankruptcy could be your opportunity to bounce back
So many people in overwhelming debt live in denial. They wake up every morning with countless worries, that the only thing they feel they can do is to push them under the surface and continue with their day. Regardless of whether they have a job or not, they can feel...