If you file for Chapter 7 bankruptcy in New Jersey, you may be at risk of losing property, such as a home, car or expensive jewelry. However, the federal government provides you with a variety of exemptions that may make it easier to protect the equity built up in...
How should you deal with auto loans in a bankruptcy?
New Jersey repo agents take back cars when the borrowers fall behind on their payments and can't negotiate a settlement of the past due amount with the lender. If this happens to you, a bankruptcy might make the outstanding balance go away. What you owe versus the...
Are there positives to Chapter 7 bankruptcy?
Few people want to enter into bankruptcy, but their financial situations make avoiding proceedings challenging. When someone can't pay obligations, and the financial pressure proves crushing, heading to bankruptcy court to sort things out seems logical. Each candidate...
Does bankruptcy affect your credit score?
For some people in New Jersey, filing for bankruptcy is their last chance to relieve themselves from the burden of debt. Filing for bankruptcy can allow you to pay off your debts or get them discharged altogether so that you can start rebuilding your finances. There's...
How to manage your medical debts
Even if you have health insurance, there is no guarantee that it'll cover the cost of a medication or a New Jersey surgical procedure. However, there are steps that you can take to reduce or pay down medical debt in a timely manner. Don't be afraid to negotiate It may...
Exemptions under Chapter 7
Chapter 7 bankruptcy protection offers what is perhaps the fastest, most effective method of getting out of debt and returning to financial solvency. Unfortunately, many people are reluctant to avail themselves of this powerful tool. Some fear they will lose...
Bankruptcy and the reaffirmation agreement
If you’re reading this blog then you’re probably thinking about whether bankruptcy can provide you with the debt relief you need. The answer is “yes,” but you might be worried about at what cost that relief comes. Many individuals find themselves concerned about their...
How Chapter 7 bankruptcy works
The vast majority of people in New Jersey and across the country work hard to fulfill their financial obligations. Unfortunately, unforeseen circumstances can easily derail a person's best intentions. For example, a lost job or serious medical condition can result in...
Football league chooses Chapter 7 bankruptcy
There are many organizations and businesses in New Jersey that are dedicated to achieving success. However, there are often a variety of different factors at play that could ultimately impact the ability to be successful -- often, these factors may be beyond the...
What drives Chapter 7 bankruptcy filings?
The vast majority of people in New Jersey and across the country are hard workers, dedicated to providing for themselves and their families and meeting their financial responsibilities. Unfortunately, even these people can become overwhelmed with debt, potentially...
