{"id":633,"date":"2017-09-08T21:32:23","date_gmt":"2017-09-08T21:32:23","guid":{"rendered":"https:\/\/www.karinalucidlaw.com\/?p=633"},"modified":"2023-09-26T09:08:13","modified_gmt":"2023-09-26T09:08:13","slug":"back-in-control-the-new-jersey-guide-to-individual-chapter-11-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.karinalucidlaw.com\/back-in-control-the-new-jersey-guide-to-individual-chapter-11-bankruptcy\/","title":{"rendered":"Back in Control: The New Jersey Guide to Individual Chapter 11 Bankruptcy"},"content":{"rendered":"
You build on failure. You use it as a stepping stone. Close the door on the past. You don’t try to forget the mistakes, but you don’t dwell on it. You don’t let it have any of your energy, or any of your time, or any of your space<\/em>. \u2013Johnny Cash<\/p>\n It is hard to imagine that you\u2019d end up in such a challenging financial position. But here you are. Perhaps your spouse had to take time off from a lucrative executive job because of a health problem; and the negative cash flow has left you scrambling. Or maybe you overleveraged your investments and just hit a streak of bad luck.<\/p>\n Bestselling author Nassim Taleb<\/a> (The Black Swan<\/em>) once wrote that \u201cthe inability to predict outliers implies the inability to predict the course of history.\u201d In other words, no matter how carefully we plan for the future or how intelligently we react to events, life is full of surprises. So now what? How should you deal with your debts?<\/p>\n The answer is not intuitive. Because of your high income, most people would consider you affluent. You may be quite good at keeping up appearances with friends and neighbors. But your financial situation is creating unbearable stress. Crunching the numbers is depressing. And common debt relief tools, like Chapter 7 and Chapter 13 bankruptcy, just don\u2019t seem up to the task.<\/p>\n There might be! The individual Chapter 11 bankruptcy could be the right approach. This strategy is often-overlooked and misunderstood. It\u2019s not appropriate for most people, since it costs more than other individual bankruptcy types, and it\u2019s not easy to execute well.<\/p>\n This blog post series (which will later be available for download<\/a> as an ebook) will introduce you to key ideas about individual Chapter 11s in New Jersey and answer many common questions. Our goal with this series is to help you feel back in control of your life and your future.<\/p>\n Here\u2019s what this series will explore:<\/p>\n We\u2019ll tackle questions like:<\/p>\n We\u2019ll simplify this sophisticated material (without oversimplifying) and illustrate key ideas with stories and examples.<\/p>\n In addition to dealing with the nuts and bolts of your debt, you need to address challenges like:<\/p>\n \u2022 What\u2019s the root cause of your financial problems,<\/strong> and how can you use tools like the 5 Whys<\/a> to solve these issues permanently? Section Three: Practical Resources<\/strong><\/p>\n Here we\u2019ll cover things like how to find and work with an attorney on your Chapter 11 and how to locate qualified New Jersey and New York resources to help with pieces of the puzzle.<\/p>\n Your financial turmoil, though uncomfortable, will not be forever. Our team can help you explore solutions\u2014possibly including individual Chapter 11 bankruptcy. Call us for action and insight now at (908) 350-7505. We\u2019re standing by<\/a> to help you get back in control.<\/p>\n","protected":false},"excerpt":{"rendered":" You build on failure. You use it as a stepping stone. Close the door on the past. You don’t try to forget the mistakes, but you don’t dwell on it. You don’t let it have any of your energy, or any of your time, or any of your space. \u2013Johnny Cash It is hard to imagine that you\u2019d end up […]<\/p>\n","protected":false},"author":1,"featured_media":1042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[53,37,54],"tags":[52,71,55],"acf":[],"_links":{"self":[{"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/posts\/633"}],"collection":[{"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/comments?post=633"}],"version-history":[{"count":3,"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/posts\/633\/revisions"}],"predecessor-version":[{"id":4265,"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/posts\/633\/revisions\/4265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/media\/1042"}],"wp:attachment":[{"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/media?parent=633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/categories?post=633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.karinalucidlaw.com\/wp-json\/wp\/v2\/tags?post=633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What can you do? Are there other options?<\/h4>\n
Part One: The Basics of Individual Chapter 11s<\/strong><\/h4>\n
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Section Two: Debt Survival Guide<\/strong><\/h4>\n
\n\u2022 How can you process your negative emotions caused by your money issues?<\/strong> We\u2019ll discuss useful, relevant science.
\n\u2022 How can you operate your business (and\/or rebuild your career) despite what\u2019s happened?<\/strong> We\u2019ll explore best practices.<\/p>\n