If you are struggling with overdue bills and threats of wage garnishment, repossession and other creditor actions, you may have considered filing for bankruptcy. Before making a decision that will affect your financial future, it is important to understand the law and...
Can you rebuild your credit score post-bankruptcy?
A lot of people are facing financial struggles this year that they never thought were possible. Others have been trying to claw their way out of debt for years. Regardless of how long your debt woes have been hanging over you, you might have the ability to secure the...
Bankruptcy and sole proprietors
Sole proprietorships, operated by over 25 million sole proprietors, are the most common type of small business in this country. Even though single proprietorships do not offer protection for your personal assets from debt or liability, these organizations can still...
Is Chapter 13 bankruptcy the best choice for my situation?
Financial challenges can crop up without warning and many New Jersey residents suddenly find themselves facing mounting debts and the inability to pay them. While the concept of bankruptcy might stoke fear and reluctance, it is a legal and effective strategy to get...
Bankruptcy can facilitate, or delay, divorce proceedings
Since finances are an oft-cited reason for marital problems, it is not surprising that many who are contemplating a divorce also may be considering whether or not they should also file for bankruptcy. New Jersey couples may be reluctant to file for bankruptcy right in...
Bankruptcy is one of the options to clear credit card debt
Credit card debt is a common challenge for New Jersey residents. The constant collection calls and fear as to what might happen can be overwhelming. Fortunately, there are effective strategies to get on stronger financial ground. Understand how to eliminate credit...
How does bankruptcy affect child support?
In our current financial reality, with debts piling up and income becoming harder and harder to attain, bankruptcy is becoming much more acceptable. But, for those also dealing with child support orders, they may wonder how the bankruptcy process affects their child...
What if I fail to pay my credit card bill?
Let’s face it, most people in New Jersey have at least one credit card and have not always paid it on time and in full each month. In fact, the average American has four credit cards and New Jersey residents have an average credit card balance of over $7,000. There...
What to know about the means test
New Jersey residents and others who are looking for debt relief may be able to obtain it by filing for Chapter 7 bankruptcy. However, individuals may need to pass a means test to find out if they are eligible to do so. The purpose of the means test is to determine if...
How to apply for a mortgage after bankruptcy
When individuals in New Jersey or other parts of the U.S. file for bankruptcy, they can benefit from a fresh financial start. However, bankruptcy can also hurt a person's credit, which can make it hard to apply for a mortgage in the future. Fortunately, there are a...
