When Might You Want to Reorganize Debt Even Though You Qualify for Discharge Under Chapter 7? As a consumer, you have two general options when filing for bankruptcy protection. If you qualify, you can seek to permanently discharge your debts in a … [Read more...]
The Section 341 Meeting of Creditors in Bankruptcy
The Purpose of the Meeting | Preparing for the Meeting When you seek protection in bankruptcy—whether you hope to permanently rid yourself of debt through Chapter 7 or restructure debt under Chapter 13—one of the hearings you must attend is the … [Read more...]
Happy 4th of July 2024
On this Independence Day, let us all aspire to those principles that make our nation great—freedom, liberty, and justice for all. We wish you a safe and happy holiday with loved ones. … [Read more...]
What Property Can You Keep in a New Jersey Bankruptcy?
What Are the New Jersey State Exemptions in a Chapter 7 Bankruptcy? As a consumer, when filing for bankruptcy protection, you can seek to reorganize your debt under Chapter 13 or, if you qualify, you can permanently rid yourself of some of your … [Read more...]
Common Mistakes to Avoid When Filing for Bankruptcy
Doing These Things Can Jeopardize Your Rights You’ve been struggling to keep your head above water financially, and you’ve finally concluded that your best path for moving forward is through a personal bankruptcy filing. It’s a difficult decision, … [Read more...]
The Role of the Trustee in a Consumer Bankruptcy
What Is the Function of the Bankruptcy Trustee in a Chapter 7 or Chapter 13 Petition? When you have decided to seek protection from creditors in bankruptcy, whether you’re hoping to permanently discharge debts under Chapter 7 or make new payment … [Read more...]
No-Asset Chapter 7 Bankruptcy in New Jersey
What Is It? Is It Different from Other Chapter 7 Filings? With limited exceptions, when you are struggling to meet your personal financial obligations, you have two potential paths to use American bankruptcy law to get a fresh start: liquidation or … [Read more...]
What Is the Process for Filing a Chapter 7 Bankruptcy Petition?
What Steps Can You Expect When Seeking to Discharge Debts Permanently? When you’ve lost your job or had an unexpected injury or illness, bankruptcy may be the best way to get a fresh start. If you qualify, you can ask the bankruptcy court to … [Read more...]
How Does the Means Test Work for Chapter 7 Bankruptcy?
How Does the Bankruptcy Court Determine Whether or Not You Qualify? When you’re struggling to meet your financial obligations and have determined that a personal bankruptcy filing is your best chance for a fresh start, you may have a couple of … [Read more...]
Will Filing for Bankruptcy Protection Permanently Affect Your Credit?
How Long Will a Bankruptcy Affect Your Credit? Will It Ever Drop Off Your Credit Report? For many, one of the biggest fears associated with bankruptcy is the perception that it will permanently destroy your credit, that you’ll never be able to get a … [Read more...]
