Most residents of New Jersey who file a bankruptcy petition intend to complete the process and discharge as many of their debts as possible. Occasionally, however, a debtor discovers that the consequences of a discharge may deprive him of a valuable and necessary...
To many, bankruptcy may sound like a dirty word, but in reality, it can provide a debt-free financial fresh start for those that find themselves unable to pay their bills or only able to pay their minimum. No one should be stuck in a financial situation where they...
News stories often describe how large national corporations or sizeable regional businesses have entered into Chapter 11 bankruptcy because of their financial problems. The coverage could leave the leadership of a smaller business in New Jersey with the impression...
Liquidation is an important term in the Chapter 7 bankruptcy process. Before a New Jersey resident begins the paperwork to file for Chapter 7 protections, they should be fully aware of what will be asked of them once their bankruptcy is underway. Consultation with a...
2020 was a hard year for many retail establishments, with more than 12 filing for bankruptcy this year -- an 11 year high. Strained liquidity and plummeting sales made it difficult for some popular chains to stay open, especially if they were already experiencing...
You may have heard that there are a couple of ways to file for bankruptcy, both of which have certain advantages and disadvantages. Chapter 7 bankruptcy is generally referred to as a liquidation bankruptcy, whereas Chapter 13 bankruptcy is referred to as a...
People in New Jersey, and across the United States, file for personal bankruptcy for many reasons. For those who have had a previous bankruptcy and run into financial trouble again, a common question is whether they can get a discharge through Chapter 7 with a...
For many, filing for bankruptcy is the best solution to overwhelming financial problems. Filing for Chapter 13 can help people to arrange debt repayment, while a Chapter 7 filing can allow them to start over altogether. However, it is important to realize that in...
Most people in New Jersey filing for bankruptcy are doing so because they have a variety of debts that they simply cannot pay back. Most enter the Chapter 13 bankruptcy process with the goal of having their debts discharged after the completion of the repayment plan....
Going to the doctor is sometimes a necessary evil. While we certainly appreciate the medical care we receive when we are seriously injured or ill, this care comes at a price --medical expenses that we simply cannot afford. The problem is only compounded if you lost...
