June, 2018 | Bastarrika, Soto, Gonzalez & Somohano, L.L.P.

What to do with student loans when facing bankruptcy

On behalf of Bastarrika, Soto, Gonzalez & Somohano, L.L.P. | Jun 28, 2018 | Bankruptcy

One of the most difficult types of debt to manage is student loans. This is because student loans are typically not dischargeable in bankruptcy. However, New Jersey debt holders may see this change in the future.Over 44 million borrowers in the U.S. have outstanding...

What is the difference between Chapter 7 and 13 bankruptcy?

On behalf of Bastarrika, Soto, Gonzalez & Somohano, L.L.P. | Jun 10, 2018 | Bankruptcy

Many people looking for a fresh financial start can be confused by the different types of bankruptcy available and the laws associated with each. New Jersey individuals typically file for either Chapter 7 or Chapter 13 bankruptcy. It is important for individuals to...