It is no secret that many people both in New Jersey and throughout the country are experiencing financial struggles. You may feel crushed under the weight of overwhelming debt and need relief. While bankruptcy may have once seemed like an option of last resort, you...
Bankruptcy
What are the keys to a successful Chapter 13 bankruptcy?
Many people in New Jersey face financial challenges. This issue has come to the forefront in the past several years with many facing medical expenses, lost income, outright job loss and more. This may lead to overextending on credit cards, compounding debt and seeking...
Bankruptcy and the automatic stay
Times have been tough lately for many in New Jersey. Some may be in such financial distress that they find they cannot pay their mortgage, credit card payments and other debts. This is distressing, especially if calls start pouring in from debt collectors or if your...
Important facts about Chapter 7 bankruptcy in New Jersey
New Jersey is considered one of the wealthiest states in the entire United States. That is based on the median household income, which is quite a bit above the median for the whole United States. Of course, it is not as simple as earning a high income. New Jersey is...
Why people file for bankruptcy
Filing for bankruptcy used to be something viewed as a last resort. There was a negative stigma surrounding bankruptcy, with many people incorrectly assuming that bankruptcy was the result of poor financial choices by people who could not manage their money. These...
Can I buy a house after bankruptcy?
Buying a house is major life event and goal that many people want to accomplish. New Jersey residents who have fallen on hard times may consider bankruptcy as a solution to unmanageable debt but may worry about being able to buy a house after bankruptcy. The short...
What can be discharged through Chapter 7 bankruptcy?
Debt and bankruptcy often get described in moralistic terms, but many people in New Jersey struggle with debt through no fault of their own. Some of them have been doing fine until they suffer an illness or injury, lose a job or face some other sudden setback. Once...
Can you discharge medical debt in bankruptcy?
If you need medical treatment, the bills involved are not first on your mind. You are probably focusing on getting better. You will deal with the bills later. Unfortunately, the bills start to come quickly and you have to start paying. If you are unable to do that,...
Chapter 13 bankruptcy basics
Chapter 13 bankruptcy is a reorganization bankruptcy option for wager earners who are struggling with overwhelming debt to consider. It is one type of personal bankruptcy protection to consider and for that reason, consumers seeking a fresh financial start should be...
Bankruptcy exemptions can provide you with stability
A lot of Americans are struggling with debt. The sad reality is that many of them will spend years, maybe even decades, trying to claw back to financial stability only to find themselves falling deeper into debt. This frightening situation doesn’t have to be a reality...