Bankruptcy

Chapter 7 bankruptcy is the fastest solution for overwhelming personal debt. Individuals who file for Chapter 7 bankruptcy can potentially secure a discharge of their eligible debts within a few months. Unlike other forms of bankruptcy, filers seeking Chapter 7 relief...

People facing financial hardship may be at risk of many unfortunate outcomes. Some individuals deal with mounting daily stress as creditors call and send ominous letters frequently. Others may anxiously worry about a lender repossessing a financed vehicle or...

Navigating financial difficulties can be overwhelming. Thankfully, you can consider bankruptcy as a debt management option if your financial circumstances have become so unmanageable that you are in need of a genuine “way out.” Before filing for bankruptcy, it’s...

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...

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...

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...

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...

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...

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....

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...