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...
One reason that many New Jersey residents may consider bankruptcy as a viable option for debt relief is that they have received notice that they may lose their home in a foreclosure. In many cases, people start thinking about bankruptcy because they have tried...
New Jersey residents like you already deal with enough stress when you are in debt. You do not need the additional headache that comes from dealing with aggressive debt collectors. There are laws in place to protect you from harassment by debt collectors....
Making the money required to pay off debts can be hard enough normally. In 2020, external pressures of all sorts have an impact on a company's ability to stay afloat — no matter who they are or how long they have been around. According to the New Jersey branch of...
