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Bankruptcy Chapter 7, 11 & 13 in NJ

Bankruptcies are legal proceedings that allow insolvent debtors with large amounts of debts to have a fresh start. While filing bankruptcy is a legal way for people to wipe out their unsecured debts and obtain debt-relief, not everything is wiped out. One of the benefits of filing a bankruptcy petition includes bankruptcy protection as follows: Stops creditors from collecting or [...]

2020-11-10T17:44:47+00:00Bankruptcy|

You Qualify for Chapter 7 Bankruptcy, But Is It Your Best Choice?

Chapter 7 is the most common consumer bankruptcy. This bankruptcy type resolves debt under federal court protection. Unsecured debts, or those with no collateral, are often forgiven. Generally, credit card debt, personal loans, and medical bills are covered, but back taxes, student loans, and alimony and child support are not. Due to credit reports, it will be harder to get [...]

2020-09-22T08:34:06+00:00Bankruptcy|

What Happens to Your Personal Properties and Investments After Bankruptcy?

When declaring personal bankruptcy, one of the filer’s main considerations is his or her willingness to give up certain properties and assets. Although retaining a property such as a home, car, or certain investments would depend on the type of bankruptcy filed whether it was under a secured or unsecured debt, this post gives you an overview of what to [...]

2020-08-10T05:44:31+00:00Bankruptcy|

Post-Bankruptcy Car Loan Scam! Reaffirm Instead!

I am always amazed how low some organizations can be when preying on people who have filed for bankruptcy. A client recently passed along a solicitation letter that she received in the mail. It is an obvious post-bankruptcy car loan scam. Basically, this letter says that once you file for bankruptcy, all your creditors will stop reporting activity on lines [...]

2020-07-24T14:22:14+00:00Bankruptcy, Chapter 7|

Is DocketBird a Scam for Bankruptcy Filers?

It has come to my attention, that clients feel like they are being scammed by an outfit called DocketBird. According to their website, DocketBird is the most advanced, user-friendly application for accessing federal court case information. Basically, it appears the they mine data from PACER (Public Access to Court Electronic Records) for their customers. PACER, an official website of the [...]

File Bankruptcy and Be Done Being Scared!

The thought of personal bankruptcy creates fear for many people. But the truth is, there are greater fears that bring you to the brink of filing for bankruptcy. So rather than focus on the fear of bankruptcy, here is a different perspective – file bankruptcy and be done being scared. Let me explain further. Are you scared that your bills [...]

Switching Bankruptcy Cases from Chapter 13 to Chapter 7 in New Jersey

One of the major decisions an individual faces especially during difficult times is filing for bankruptcy. Unsecured debts brought about by mounting medical bills, credit card debt, and even unpaid utility bills can be hard to deal with especially if your monthly income is very limited. Some may have enough disposable income to file a Chapter 13 bankruptcy petition in [...]

2020-06-20T05:22:01+00:00Bankruptcy|
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