If you're filing for bankruptcy in New Jersey, one of the key individuals working on your case will be a bankruptcy trustee. They're in charge of managing the process of distributing the property involved in all bankruptcy types. The U.S. Trustee appoints them, and...
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Bankruptcy
When to consider New Jersey bankruptcy
A New Jersey resident facing overwhelming financial difficulties might consider filing for bankruptcy. There were 387,721 bankruptcy filings in the U.S. in 2022, according to the Administrative Office of the U.S. Courts. Whether or not you should file for bankruptcy...
How many times can you file bankruptcy?
In New Jersey, bankruptcy offers a powerful solution if you struggle with overwhelming debt. It can discharge certain debts and offer you a fresh start financially, although it cannot prevent new financial issues from cropping up. You can file for bankruptcy...
Qualifying for bankruptcy
Excessive debt makes many people file for bankruptcy in a New Jersey federal courtroom. Some may consider their options and discover that they fail to meet the requirements for bankruptcy. Ultimately, a debtor must meet specific criteria for the court to accept a...
What are some dos and don’ts of bankruptcy?
Although many New Jersey residents are financially responsible, anyone could fall into debt. Unexpected circumstances can arise that warrant filing for bankruptcy. In that situation, it’s crucial to know some dos and don’ts of bankruptcy. Dos of bankruptcy Do make...
Bankruptcy means test in Chapter 7 In New Jersey
To determine whether or not bankruptcy is an appropriate solution for debt relief, New Jersey courts have established a means test. Understanding Chapter 7 means test A means test is a way for the state to determine whether a person qualifies for Chapter 7 bankruptcy....
Increased federal bankruptcy exemptions for 2022 go into effect
When New Jersey consumers file for bankruptcy, they have a right to choose between the state bankruptcy exemptions and the federal bankruptcy exemptions. These exemptions protect some level of property of the filer as they go through the bankruptcy process. On April...
5 Bankruptcy facts you may not know
Residents of New Jersey may want to learn more about filing for bankruptcy. Many think that you lose everything, but that is not the case. In fact, you may eventually end up with an improved credit score. According to financial advice, there are many myths that...
What is a bankruptcy certificate and how does it work?
New Jersey residents who have trouble paying off their debt might need a helping hand. Bankruptcy is often a good option for alleviating the burden. Before filing, you often receive a bankruptcy certificate. It’s important to know what it is and how it works. What is...
Reducing the stress of medical debt
Vice President Kamala Harris announced that the federal government is making more strides toward assisting individuals who are struggling with medical debt. Harris says she understands that some families are scared to bring their children and other loved ones in for...