Filing for bankruptcy means you are unable to pay your existing debts. If you successfully file for bankruptcy, your existing debts are cancelled, which allows you to rebuild your finances and move forward. However, unless you have filed for bankruptcy previously or...
Let Our 30 Years Of Experience Work For You
Chapter 7 Bankruptcy
Chapter 7 vs Chapter 13 Bankruptcy: Which One is Best for You?
If you’re drowning in debt, filing for bankruptcy may be the best solution for getting your finances back on track. You may wonder, however, what type of bankruptcy is right for you. While there are other kinds of bankruptcy, most individuals file under either Chapter...
What Are the Pros and Cons of Chapter 7 Bankruptcy?
For many people, the word “bankruptcy” has a negative connotation. However, bankruptcy can be extremely beneficial, as it can provide the relief you need to regain control of your financial situation. Bankruptcy is a complicated legal process, and there are some...
Can Rental Debt Be Discharged Through Bankruptcy?
In today’s economy, renting an apartment or home is quite common. Nearly 40% of people in the United States are renters, and many of them are facing financial hardship. If you have lost your job or are experiencing other financial difficulties you may find yourself...
What Happens When You Declare Bankruptcy?
Given the current economic climate, many Americans are forced to consider what happens when you declare bankruptcy. Whether a job loss, illness, divorce, or another unexpected turn of events has you looking at bankruptcy, here's your guide to understanding the...
3 Things You Must Know If You Are Married but Want to File Chapter 7 Bankruptcy Without Your Spouse
You Can File Bankruptcy Individually Even if Married It is a common misconception that both spouses must file bankruptcy together. Married couples can choose whether to file for bankruptcy together or individually. If, however, both spouses want to file for...
What you should know about debt reaffirmation
Filing for bankruptcy is not an easy decision. If you struggle to stay afloat in a sea of medical expenses, mortgage payments and credit card debt, you are not alone. By the end of a 12-month period ending June 2019, 773,361 people in the United States filed for...
Can I Surrender up My Car in a Chapter 7 Bankruptcy?
If you don’t want to keep your car (and the debt) in a Chapter 7 Bankruptcy you can give up the car. One of your largest monthly expenses maybe for a car loan you can no longer afford or on a car that is worth much less than you owe on it. If so, you can surrender...
Can I Keep My Car if I File Chapter 7 Bankruptcy in New Jersey?
Most people who we meet with ask if they can keep their car if they file Chapter 7 bankruptcy because they need it to get to work, to school and in general to live their life. Whether you can keep your car in a Chapter 7 depends upon many factors including whether...
What are the Tax Consequences of Settling Credit Card Debt?
If you are looking for an alternative to filing for bankruptcy protection, you may be considering settling your debt. 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...
