If you had to file for Chapter 7 bankruptcy, chances are you know it will affect your credit. Though some of your outstanding balances reduce to zero, those debts are technically unpaid, and your credit is still affected. The bankruptcy itself stays on your credit...
Making the decision to file for bankruptcy can be extremely stressful. However, the good news is that financial relief is close at hand.  As an individual, you are potentially able to file for Chapter 7, Chapter 11, or Chapter 13. According to Credit.com, which one is...
When you file for Chapter 13 bankruptcy, you are committing to make payments monthly for three to five years. These payments come from what the court calls your disposable income. We often help people to calculate what their disposable income is. According to the...
New Jersey creditors in a bankruptcy case may be required not just to cease any actions against the debtor once the filing is made but also to take affirmative steps to put a stop to any action that is already in progress. This was the ruling of a Virginia bankruptcy...
When businesses are struggling, there can be limited options to get on stronger financial ground. Chapter 11 bankruptcy is often viewed as a last resort, but it can help to save the business. A restaurant chain recently closed one of its few remaining spots in New...
Most New Jersey residents will acquire multiple types of debt during their lifetimes. It isn't uncommon for a person to have student loan, credit card and auto loan balances at the same time. Furthermore, many people will have a mortgage or rent payment in addition to...
Major credit card debt can build over time. For New Jersey residents who are confronted with this issue and the inevitable problems associated with it, it is important to understand the potential solutions that a Chapter 13 bankruptcy may provide. Before filing, there...
A survey focused on health care costs in New Jersey and across the country found that only 45% of respondents had the money in savings or other sources to cover medical expenses during the prior year. The survey was conducted by Freedom Debt Relief and also found that...
People in New Jersey dealing with overwhelming debt may find that the experience is even more stressful due to constant calls from debt collectors. Whether people have medical bills, overdue credit card debt or an unpaid car loan, collection agencies may call...
When a person files for Chapter 13 bankruptcy in New Jersey, part of the process is a requirement that the filer, also called the petitioner, submit a repayment plan to the bankruptcy court. Unless the court grants the petitioner an extension, he or she must submit...
