Bankruptcy

A trustor or trustee who is in debt might consider filing for bankruptcy in New Jersey. It's important to know if and how a trust qualifies for bankruptcy. Qualifying for bankruptcy The U.S. Bankruptcy Code states that an individual can file for bankruptcy for a...

Sometimes, consumers in Woodland Park, New Jersey, get overwhelmed with debt and consider filing bankruptcy. Consumers can remove certain unsecured debts, such as medical, in Chapter 7 bankruptcy by selling nonexempt property. However, not all consumers are eligible...

Many myths exist regarding bankruptcy, and one misconception may center on the debtor's overall income and obligations. Beliefs that only wealthy New Jersey residents seek bankruptcy protection are inaccurate. Low-income earners could find themselves dealing with...

When consumers in New Jersey see no way out of debt, bankruptcy allows them to discharge certain unsecured debt. However, not all unsecured debts qualify for discharge, such as domestic obligations. It is commonly believed that student debt cannot get discharged, but...

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...

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...

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...

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...

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...

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...