Filing for Bankruptcy Without Losing Your Property
Getting a Fresh Start Without Losing Everything You've lost your job because of the pandemic, or you've just gone through a divorce. Maybe you suffered an injury or illness and have considerable unreimbursed medical expenses. A personal bankruptcy … [Read more...]
Credit Counseling Prerequisite for Personal Bankruptcy Filing
Debtors Must Receive Counseling Prior to Bankruptcy Petition If you're struggling to make ends meet because you've lost your job, incurred substantial out-of-pocket medical expenses, or gone through a divorce, you might consider bankruptcy filing as … [Read more...]
Legal Actions Not Affected by Bankruptcy Filing
Bankruptcy Won't Stop All Legal Proceedings If you're struggling to make ends meet, a personal bankruptcy filing can help you get a fresh start. When you file for bankruptcy protection, an automatic stay immediately goes into effect. This stay … [Read more...]
Discharging Debt in Chapter 7 Bankruptcy
Which Debts Can Be Discharged and Which Cannot? When you're considering bankruptcy options, the ability to permanently discharge certain debts in Chapter 7 can be very appealing. To qualify for Chapter 7, you must pass the means test by … [Read more...]
How to Be Certain Bankruptcy Is the Right Option
What Bankruptcy Can and Cannot Do for You If you're one of the millions of Americans struggling financially because of the pandemic, you may be considering bankruptcy. There's a common misunderstanding, though, that filing for bankruptcy will allow … [Read more...]
Personal Bankruptcy Filings—When the Automatic Stay Doesn’t Apply
Legal Proceedings That Are Not Suspended by Bankruptcy Filing One of the most attractive features of American bankruptcy law is the automatic stay, which goes into effect immediately upon filing your petition. The stay temporarily suspends all legal … [Read more...]
Exempting Property from Chapter 7 Bankruptcy in New Jersey
What You Can Keep and Still Permanently Discharge Debts When you file for bankruptcy protection under Chapter 7, you can permanently rid yourself of certain debts, but there's a tradeoff—you must relinquish some of your assets to the bankruptcy … [Read more...]
Personal Bankruptcy Filings—Can You Keep Your Property?
What Can You Keep If You File Under Chapter 7 or Chapter 13? You may have lost your job because of the COVID-19 pandemic, or other life events—divorce or personal injury, for instance—may be making it difficult to meet your financial obligations. … [Read more...]
Personal Bankruptcy—The Benefits of the Automatic Stay
Getting Relief from Creditor Harassment When you're struggling to make ends meet due to job loss, medical bills, or other reason, it can be hard to deal with the incessant calls and letters from creditors. You can get a pit in your stomach every … [Read more...]
