Blog
- How to Be Certain Bankruptcy Is the Right Option
Aug 21, 2020
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 you to wipe out all your debt and start over again. While bankruptcy offers many benefits and can be instrumental in getting you back on solid footing, there are some limitations. Chapter 7 Liquidation Proceedings If you...Read More - Personal Bankruptcy Filings—When the Automatic Stay Doesn’t Apply
Aug 7, 2020
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 proceedings to collect debt and prevents your creditors from harassing you with collection calls or letters. The stay does not, however, apply to all legal proceedings, even some related to your finances. The Automatic Stay Won’t Affect...Read More - Exempting Property from Chapter 7 Bankruptcy in New Jersey
Jul 28, 2020
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 court. Those assets are then sold, with the proceeds being used to pay your creditors. You are entitled, however, to claim certain property as exempt and not subject to sale through the bankruptcy proceeding. There are...Read More - Personal Bankruptcy Filings—Can You Keep Your Property?
Jul 24, 2020
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. You might be considering bankruptcy to get a fresh start and relief from creditors but fear that you’ll lose everything you’ve worked so hard to get. Can you file for bankruptcy without losing...Read More - Personal Bankruptcy—The Benefits of the Automatic Stay
Jul 10, 2020
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 time the phone rings or the mail is delivered. When you file for personal bankruptcy protection, the “automatic stay” gives you temporary relief from calls, letters, and other attempts by creditors...Read More - Happy 4th of July 2020
Jul 2, 2020
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 - A Basic Introduction to Personal Bankruptcy Under Chapter 13
Jun 26, 2020
Reorganizing your personal debts through bankruptcy filing If you’re one of the millions of Americans hurt economically by the coronavirus pandemic—whether due to temporary layoff or permanent closure of your company—you may be struggling to pay your mortgage, car payments, and other obligations. A personal bankruptcy filing can bring immediate relief from incessant phone calls and letters. To discharge debts under Chapter 7, you must submit to a means test, and if you qualify, you’ll...Read More - Personal Bankruptcy—An Introduction to Chapter 7
Jun 19, 2020
The Discharge of Debt in a Bankruptcy Filing The coronavirus pandemic has had a devastating impact on the U.S. economy, with government statistics suggesting that as many as one in five Americans currently is unemployed. Though stimulus payments and other government programs have helped, many Americans are struggling to make ends meet and facing an immediate future that remains uncertain. One reason Congress enacted our bankruptcy laws was to give hardworking folks an opportunity for...Read More - Bankruptcy Options for Your Business
Jun 2, 2020
Using Bankruptcy Laws to Protect Your Business Interests After the COVID-19 Pandemic Small businesses are taking a huge hit because of the COVID-19 pandemic, with an estimated 7.5 million family and small enterprises at risk of closure. American bankruptcy laws were enacted precisely for times like these, when honest, hardworking people face unanticipated financial challenges. You can use bankruptcy to minimize the impact of shutting down a business or to buy some time to get...Read More - What Is Loss of Consortium?
May 28, 2020
The Right to Compensation After Injury to Your Spouse In a legal action to recover full and fair compensation after the careless or negligent acts of another person cause injury or illness to your spouse, one of the typical claims is for “loss of consortium.” What does that mean? Who is entitled to compensation in New Jersey for loss of consortium? “Loss of Consortium” Defined Loss of consortium is a form of damages to which...Read More