Many couples charge expenses to their credit card without much thought. While they’re married, they may be able to pay those off or at least make the minimum payments. Some may not realize that the very thing that was a benefit for them during the marriage will turn...
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Union New Jersey Family And Bankruptcy Law Blog
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...
How to cope after your divorce
Divorce might bring relief to some people, but there are others who are devastated when they find out that their marriage is ending. For these people, trying to find ways to lessen the heartbreak and make the situation a bit easier becomes a focal point. There are a...
Must New Jersey home sellers disclose their houses are haunted?
Do you have a house to sell that comes with its own invisible tenant? New Jersey homes for sale that are alleged to have paranormal activities present special circumstances for the home sellers. In fact, they may need to disclose this to potential buyers. But, as with...
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...
How to handle supervised visitation
It can be a blow to a parent when their soon-to-be-ex not only seeks full custody of their child but asks that their visitation be supervised. If a court has ordered supervised visitation, it’s crucial that you don’t let the restrictions affect your relationship with...
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...
What types of spousal support are available in New Jersey?
In many marriages, one spouse earns more than the other spouse even when both work full-time jobs. If a divorce becomes imminent, the lesser earning spouse feels concerned about how they will support themselves. One effective way to combat financial concerns in your...
How is child custody decided?
In any child custody case, the main concern is the health and wellbeing of the children involved. It should be your goal, as well as the court’s, to make sure that your children get through this situation as healthily as possible. Divorces can be emotionally and...