Mistakes to Avoid When Submitting to the Means Test If you're looking to get a fresh start in bankruptcy and you want to wipe out whatever debts you can, you'll need to submit to a means test, so that you can file for protection under Chapter 7 of … [Read more...]
Debts You Should Pay While in Bankruptcy
The Limits of the Automatic Stay One of the most tangible benefits of a personal bankruptcy filing is the immediate application of the automatic stay, which allows you to suspend payment on those debts included in the petition while you either move … [Read more...]
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Bankruptcy and Repossession
Can I Use a Bankruptcy Filing to Keep My Car from Being Repossessed? You're in dire financial straits because of the loss of a job, an illness or injury, a divorce or some other unforeseen challenge. You're behind on credit card, mortgage and car … [Read more...]
Important Questions to Ask before Filing for Bankruptcy
The Things You Want to Know When Considering Bankruptcy You're struggling pay your bills because you've lost your job or your hours have been cut back to nothing. You can't see anyway things are going to improve in the near future, so you've given … [Read more...]
How Does a Chapter 7 Bankruptcy Petition Affect the Obligation to Pay Your Bills?
Can You Use the Automatic Stay to Avoid Paying Any Financial Obligations? When you file for protection under the American bankruptcy laws, an automatic stay immediately goes into effect, preventing your creditors from calling, writing or taking any … [Read more...]
Getting the Most Benefit from a Bankruptcy Filing
Taking the Right Steps to Get a Fresh Start When life throws you a curve...you lose your job or suffer an injury or illness...the stress and anxiety that come with struggling to meet your financial obligations can be exhausting, just making things … [Read more...]
Why a Bankruptcy Petition Is a Better Option than Debt Forgiveness
The Different Tax Implications of Discharge and Debt Forgiveness Let's face it…there's a certain stigma associated with filing for protection under the American bankruptcy laws. For that reason, you may think it's a better idea to work with a debt … [Read more...]
Can You Keep a Tax Refund When You File a Chapter 7 Bankruptcy?
Are There Ways to Avoid Losing Your Refund to Pay Creditors? You're facing dire financial circumstances—maybe you've lost your job or you've been sick or injured. You've pretty much decided that the best way forward is through a Chapter 7 … [Read more...]
Can You Enforce an Oral Business Contract?
Are There Agreements that May Only Be Enforced in New Jersey if in Writing? If you are like most small business owners, much of your day is spent on the phone or in meetings. In those conversations, you'll often come to agreement on terms of a … [Read more...]