Can You Enter a Binding Agreement Without Putting It in Writing? Under the laws of New Jersey, there are five requirements for a binding and enforceable contract: An agreement by at least two parties—In legal terms, there must be an offer and … [Read more...]
Choosing the Right Legal Structure for Your New Jersey Business
Factors to Consider When Setting Up a New Business You've decided you want to be your own boss. You have a plan for how to obtain financing, and you have a strong sense of your market and how to reach potential customers. One of the first things … [Read more...]
Can You Use Chapter 7 to Permanently Rid Yourself of Medical Debt?
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, … [Read more...]
Will a Bankruptcy Filing Permanently Ruin Your Credit Rating?
The Short- and Long-Term Impact of a Bankruptcy on Your Ability to Obtain Credit There's a common misconception that filing for bankruptcy protection will be the death of your credit rating, that you'll be forced to pay cash for everything for the … [Read more...]
Choosing to File a Chapter 13 Bankruptcy Petition
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...]