Blog: Personal Bankruptcy In New Jersey
- Can You Use Chapter 7 to Permanently Rid Yourself of Medical Debt?
Aug 30, 2024
Getting a Fresh Start When You’re Overwhelmed by Medical Bills You’ve been sick or gotten hurt in an accident, and you’ve needed extensive medical care, some of it unreimbursed by insurance. As a result, you’ve run up substantial medical bills, which you simply can’t pay while also meeting the costs of your basic needs. You may even be unable to work because of your health issues. Every time the phone rings, you get a pit...Read More - Choosing to File a Chapter 13 Bankruptcy Petition
Jul 31, 2024
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 Chapter 7 proceeding. If not, your only option is to restructure or reorganize your debt through Chapter 13. If you meet the test for Chapter 7, should you automatically go that route? Are...Read More - Common Mistakes to Avoid When Filing for Bankruptcy
Jun 26, 2024
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, but one that can help you get the relief you need and give you a fresh start. You need to be careful, though, that you don’t do certain things that might get you in trouble with the...Read More - What Is the Process for Filing a Chapter 7 Bankruptcy Petition?
May 22, 2024
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 permanently discharge certain debts in exchange for the relinquishment of some of your property. If you are eligible for liquidation of debt under Chapter 7, here’s what you can expect to...Read More - Will Filing for Bankruptcy Protection Permanently Affect Your Credit?
Apr 3, 2024
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 loan or credit card again. Is there any truth to that concern? What happens to your credit when you file a Chapter 7 or Chapter 13? Will the bankruptcy ever disappear...Read More - What Happens When a Creditor Violates the Automatic Stay
Feb 26, 2024
What Are the Consequences for the Creditor? How Do You Protect Your Rights? For many who file, one of the important benefits of a bankruptcy petition is the automatic stay, which goes into effect immediately and prohibits creditors from taking any action outside of the bankruptcy proceeding to collect on a debt. That includes calling, writing, filing or proceeding with a lawsuit of any kind. Unfortunately, far too often, a creditor will contact you after...Read More - Determining Whether Bankruptcy is the Best Option
Jan 24, 2024
The Factors to Consider before Pursuing Bankruptcy Protection You’ve been struggling to meet your financial obligations, perhaps as a consequence of a serious illness or injury, or maybe due to the loss of a job. You’ve always been able to work through any financial difficulties before, but this time there seem to be few options other than bankruptcy. How do you know if seeking protection through Chapter 7 or Chapter 13 is the right thing...Read More