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How Chapter 13 Can Help When You Owe Back Taxes

Reorganizing Tax Arrearages through Bankruptcy If you have significant tax debt and you've considered bankruptcy as a way to get a fresh start, you've probably learned that tax obligations are extremely difficult, if not impossible, to discharge in a Chapter 7 petition. You can, however, include tax debt in a Chapter 13 filing. That can allow you … [Read more...]

Keeping a Vehicle in a Chapter 7 Bankruptcy Filing

Reaffirming a Car Payment during or after a Chapter 7 Petition As a general rule, in Chapter 7 bankruptcy filings, you can permanently discharge certain debts in exchange for relinquishing unprotected assets to the bankruptcy court. You can always protect any property you want to keep by "reaffirming the debt." When you do that, though, you remain … [Read more...]

Chapter 13 Bankruptcy—The Basics

Reorganizing Personal Debt through Bankruptcy As we discussed in an earlier blog, there are generally two options available to individuals who seek protection in bankruptcy—liquidation under Chapter 7 and reorganization under Chapter 13. With either filing, you will immediately have the protection of the automatic stay, which prohibits creditors … [Read more...]

Chapter 7 Bankruptcy—The Basics

What Is a Chapter 7 Bankruptcy Filing? How Do You Qualify? When you're struggling to meet your financial obligations, whether you've lost your job, suffered a serious injury, been through a divorce or encountered other unexpected expenses, a bankruptcy filing can help you get back on your feet. That's why the laws are there—to give people a fresh … [Read more...]

Strategies for Collecting a Commercial Debt

Steps to Take When a Client or Customer Fails to Pay When you run a small business, it's almost inevitable that you'll have to spend some time chasing payments from customers or clients. Here are some strategies to help improve your chances of collecting that commercial debt: Notify the debtor as soon as payment is late—If you expect payment … [Read more...]

The Penalties for Driving While Intoxicated in New Jersey

What to Expect When You've Been Charged with a DWI in New Jersey In New Jersey, as in most states, if you are pulled over by police and a blood alcohol test is administered, you can be arrested and charged with driving under the influence if your blood alcohol content (BAC) is .08 or higher. You don't need to be on the road, and can even be … [Read more...]

Happy 4th of July 2019

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How Does a Bankruptcy Filing Affect a Co-Signer on a Debt?

Often, when you're having financial struggles, you can obtain some credit and secure some needed items by getting a friend or family member to co-sign for a debt. But what are the consequences for the co-signer if your financial situation doesn't improve and you decide to file for bankruptcy protection? A bankruptcy filing generally has no impact … [Read more...]

Extinguishing Credit Card Debt in Bankruptcy

Avoiding the Presumption for Fraud for Credit Card Purchases If you're seeking bankruptcy protection because your credit card debt has become unmanageable—you're not alone. It's one of the most common reasons consumers file for Chapter 7 bankruptcy protection. In addition, because credit card debt is considered unsecured, you can discharge … [Read more...]

Common Causes of Pedestrian Accidents

The Centers for Disease Control (CDC) estimates that more than 350 pedestrians require emergency medical care every day after being struck by a car, and that an average of 16 pedestrians are killed daily across the United States. The causes of these very serious accidents are varied: Turns into crosswalks—the most frequent situation leading to a … [Read more...]