One of the biggest concerns people have when considering bankruptcy is whether they will be able to keep their home. The good news is that bankruptcy law offers you several options that permit you to keep your house in both Chapter 7 and Chapter 13 filings. However,...
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Month: January 2015
Tax Consequences of Debt Settlement
If you are looking for an alternative to filing for bankruptcy protection, you may be considering debt settlement. In debt settlement, you negotiate with your lender(s) to pay a smaller amount than what is owed as payment in full. While this may seem like the perfect...
Can I Protect my Retirement in Bankruptcy?
If you have spent your whole life working hard and faithfully making contributions to your 401(k) or IRA, and now you are facing financial troubles, you don't want to do anything that could put your nest egg into jeopardy. For many individuals, their retirement...
Can I File Bankruptcy if I am Unemployed?
If you have lost your job, you may be wondering if you can obtain relief from your debt by filing a bankruptcy case. There is no law that requires an individual to be employed in order to qualify for bankruptcy protection. As a matter of fact, loss of employment is...
How Long Does a New Jersey Foreclosure Take?
If you are a New Jersey homeowner and you are past due on- your mortgage loan payments, you are probably wondering when your lender will start the foreclosure process. New Jersey is a judicial foreclosure state, which means that mortgage lenders must typically use the...