Most people are concerned about their physical assets when filing a bankruptcy case. However, it is important to consider your intangible assets too. Many people who are entitled to settlement payments from a car accident or other personal injury matter should discuss...
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Month: July 2013
Could Our Nation Be Saved by Amending the Bankruptcy Code?
According to CNBC, there are some people who believe that if the Bankruptcy Code was amended to allow the discharge of student loans, many Americans who are struggling financially would be saved. The CNBC article reports that student loans account for approximately $1...
Bankruptcy & Your Inheritance
If you are considering filing for bankruptcy, but you believe you may be receiving a substantial inheritance soon, contact . There are certain dates that matter in your bankruptcy case. The date that the bankruptcy case or the estate of the...
Your Credit Score & How Bankruptcy Impacts It
It is a common belief that filing for bankruptcy ruins your credit score forever, but this is NOT true. While improving your credit after a Chapter 7 or Chapter 13 takes time, with patience and self-discipline, it can be done. It is important to understand what...
Need to File Bankruptcy AGAIN?
If you have previously filed a Chapter 7 or Chapter 13 case and you are struggling financially again, you are probably wondering if you will be allowed to file another bankruptcy. In short, you can file a second bankruptcy case, but there are some limitations....
Worried About Who Will Find Out About Your Bankruptcy Filing?
If you are delaying filing a Chapter 7 or Chapter 13 bankruptcy because you are concerned who will find out about it, hopefully this blog will calm your fears. While bankruptcy filings are a matter of public record, the reality is that your family and friends are...
Medical Bills Reported as #1 Cause of Personal Bankruptcy
We recently discussed the link between healthcare costs and bankruptcy in our blog titled "Medical Issues Can Lead to Bankruptcy." According to CNBC, recent studies by NerdWallet Health, show startling statistics revealing that healthcare is the leading cause of...
Recent Case Provides Hope for Discharging Student Loans
In a recent appeal before the U.S. 9th Circuit Court of Appeals, Michael Hedlund has given hope to students drowning in student loan debt. Mr. Hedlund was able to discharge (eliminate) $58,000 of his $85,000 student loan debt. Hedlund's case may be important to you...
Bankruptcy versus Short Sales in New Jersey
If you are struggling to pay your mortgage and trying to avoid foreclosure, you are likely considering filing for bankruptcy or attempting a short sale. Many clients ask which option is better. The answer depends on your unique circumstances, but below are a few...