Many of my clients are not sure which type of bankruptcy to choose. This is understandable since the bankruptcy process can be confusing without proper guidance. There are four types of bankruptcy cases provided under the law: Chapter 7 results in a discharge of most debts and allows people to have a fresh start. This …
Filing for bankruptcy can cause a large amount of emotional stress, but there is also a financial element of stress that is involved. Many of my clients ask me how much it costs to file for bankruptcy. Keep reading for an estimated breakdown of the expenses. Court Fees for Filing Bankruptcy in New Jersey You …
How Much Does it Actually Cost to File for Bankruptcy? Read More »
Many of my clients ask if they will lose their life insurance policy if they file for a New Jersey Chapter 7 or Chapter 13 bankruptcy. This varies based on the type of life insurance and the exemptions you have. Keep reading to learn how your life insurance is affected when you file for bankruptcy …
Will I Lose My Life Insurance Policy if I File for Bankruptcy? Read More »
Many of my clients come to me asking if bankruptcy is their best option. There are a few questions that you can ask yourself to decide if a New Jersey Chapter 7 or Chapter 13 bankruptcy is the best course of action for you. Time It Will Take to Pay Off Your Debt: If you …
When you file for bankruptcy, you have to fill out numerous forms. In one of those forms, Schedule B, you are required to give the information about all of your personal property, including funds in your bank accounts. Many of my clients ask what happens to their bank accounts once they file for bankruptcy. Keep …
What Does the Bank Do to Your Account if You File for Bankruptcy? Read More »
If you are a small business owner willing to file bankruptcy, you can do so either by filing Chapter 7 or Chapter 13 for bankruptcy. Do you know which one is the best option if your business debt becomes unmanageable? Whether to go for Chapter 7 or Chapter 13 depends on the structure, debt amount …
What Small Business Owners Need to Know About Chapter 7 and Chapter 13 Read More »
Have you ever wondered why a corporation files for bankruptcy? The majority of companies will file under Chapter 11 rather than Chapter 7 because they can still run their business and control the bankruptcy process. Keep reading to learn more about how a Chapter 11 bankruptcy works for a company. Chapter 11 bankruptcy is a …
Why Would a Company Choose to File for Bankruptcy? Read More »
Many of my clients ask if they will lose their home after their Chapter 7 bankruptcy is discharged. The short answer is that it depends if you are current on the mortgage payments or not. You will not lose your home simply because you filed bankruptcy. If your payments are delinquent, the mortgage company may …
Will I Lose My Home After Chapter 7 Bankruptcy in New Jersey? Read More »
There are thousands of people who are battling a gambling addiction. The numbers have grown thanks to the easy access to online gambling sites as well as casinos. What starts as a form of entertainment can spin out of control very easily. Many of my clients ask if their gambling debts can be wiped out …
Will My Gambling Debt Be Wiped Out When I File for Bankruptcy? Read More »
Filing for Chapter 7 or Chapter 13 bankruptcy is not the only option you have if you are in debt. In some situations, a non-bankruptcy course of action may be your best choice. Keep reading to learn about your alternatives to bankruptcy. Negotiate a Settlement One option is to attempt to negotiate a settlement for …
What Are My Alternatives to Filing For Bankruptcy? Read More »
Hundreds of thousands of Americans, including consumers and business owners, file for bankruptcy each year. While many think this situation is the result of overspending, most cases are due to financial hardship such as job loss, costly medical bills, divorce, or a poor economy.
