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...
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....
When you decide to file for personal bankruptcy, you may be working through your options and figuring out the differences between Chapter 7 and Chapter 13 filings. The two types have some fundamental differences, and not everyone is an eligible candidate for both...
Many people view the need to file bankruptcy as a failure, but the reality is that life happens. Unexpected medical expenses, job loss, unplanned emergencies and other factors can all contribute to debt. For many people, the debt becomes too much, and they must ask...
Consumers may have doubts or fears about filing for bankruptcy even in the face of rapidly mounting debt. There may be particular concern about losing all their property and having to start over with nothing. Taking all of a consumer's property is not the goal of...
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...
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...
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...
