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...
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Chapter 7 Bankruptcy
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...
WHAT TAXES CAN BE DISCHARGED IN BANKRUPTCY
If you are one of the many Americans who struggle with debt, then you intimately understand the emotional strain that comes with ceaseless harassment from debt collectors. Despite your best efforts and hard work, you find yourself unable to keep up with credit card...
CAN UTILITY BILLS BE DISCHARGED IN A NEW JERSEY BANKRUPTCY?
Utilities are a major monthly expense and one that can be hard to plan for because we are often at the mercy of Mother Nature when it comes to heating, cooling or water usage. As you know, utility providers have a powerful way of forcing you to pay utility bills-they...
Can they take my house if I file for Chapter 7 bankruptcy?
You’re broke and your creditors are banging on the door. You need to take action. If you declare Chapter 7 bankruptcy, you know a trustee will take most of your assets and sell them to pay your creditors. Will you still have a place to live? The answer: Maybe. Here's...
Getting Rid of Vehicle Surcharges in Bankruptcy
When you make financial plans for yourself, one of the last things that you would expect to drag you under are surcharges for motor vehicle violations. Sadly, it is a reality for many New Jersey drivers to experience the wrath of the point system administered by the...
Reasons to File Bankruptcy Now
If you are struggling with debt, you are not alone. As bankruptcy attorneys who have guided clients through the bankruptcy process for three decades, we have seen a great many people find themselves unable to keep up with debt and interest payments. Unfortunately,...
Getting Out of a Vehicle Loan in Bankruptcy
If you look at your ongoing monthly expenses, you vehicle loan is probably up there as one of the big ones. Unfortunately, while your high, fixed car loan payment remains the same for the term of your loan, depreciation causes the value of the vehicle to decrease over...