Blog
- Can You Keep Lottery Winnings When Filing for Bankruptcy Protection?
Oct 9, 2023
Will Lotto Winnings Be a Part of Your Bankruptcy Estate? Winning the lottery can be the answer to your financial challenges, provided that you hit it big. But what happens when the prize is smaller, but still significant? Will you be able to keep your winnings or will the bankruptcy court take your money and use it to pay off your creditors? It depends. The Important Question—When Did You Buy the Ticket? Here’s a fundamental...Read More - What to Look for When Hiring a Bankruptcy Attorney
Aug 7, 2023
The Factors You Want to Consider When Retaining Bankruptcy Counsel You’ve been hurt or diagnosed with an illness that prevents you from working. Maybe you’ve lost your job or find yourself in the middle of a divorce. If you’re struggling financially with no realistic expectation that things will get better anytime soon, a personal bankruptcy filing may be what you need to get a fresh start. If you’ve never been through the process before, you...Read More - Preparing for Your First Meeting with a Bankruptcy Lawyer
Aug 7, 2023
What You Can Expect and What You Need to Bring When your financial situation has deteriorated and there’s no reasonable prospect for immediate relief, a bankruptcy filing will often be the best way to get a fresh financial start. It’s important, though, that you go into the process with a strong commitment to putting the past behind you. To get the most out of the bankruptcy process, you want to be as prepared as possible...Read More - Bankruptcy and Credit Cards
Jul 6, 2023
Can You Keep a Credit Card? Can You Get a New One after a Bankruptcy? Unmanageable credit card debt is a common cause of many personal bankruptcy filings. But what if you don’t have significant outstanding credit card debt. Maybe you had an injury or illness and required extensive medical care, which wasn’t covered by insurance. Maybe you lost your job or went through a divorce. Can you file for personal bankruptcy and limit the...Read More - Rebuilding Your Credit after Bankruptcy
Jul 6, 2023
Reestablishing a Good Credit Rating after a Chapter 7 or Chapter 13 Filing When you seek protection from creditors through Chapter 7 or Chapter 13, your credit score is going to take a hit—it simply can’t be avoided. But that doesn’t mean that you’ll have to spend the rest of your life paying cash for everything. Though it can take some time, and usually requires hard work and attention to detail, you can boost your...Read More - Discharging Medical Bills in Bankruptcy
Jun 6, 2023
Permanently Eliminating the Obligation to Payment Medical Debt You’ve been seriously injured in a slip and fall or motor vehicle accident, and your insurance company won’t cover all the costs of your medical care. As a consequence, your medical bills are mounting and you’ve started receiving harassing phone calls and letters from medical providers. It’s a far-too-common occurrence. Statistics show that millions of Americans incur substantial unreimbursed medical expenses every year, and that many of...Read More - Factors to Consider before Filing for Bankruptcy
Jun 6, 2023
Helping You Decide Whether to Seek Protection You’ve suffered an injury or you have an illness. Maybe you can’t work or you’ve incurred thousands of dollars in medical bills that your insurance company won’t reimburse. You’ve tried to work out agreements with your creditors, but they are unwilling to meet you halfway. Is bankruptcy your next step? What factors should you consider before seeking the services of an experienced bankruptcy lawyer? What Financial Resources Do...Read More - Choosing between the Federal and State Bankruptcy Exemptions
May 15, 2023
Making the Right Decision in a New Jersey Chapter 7 Bankruptcy Filing When you qualify to file for protection under Chapter 7 of the American bankruptcy laws, you’ll have the right to permanently rid yourself of many of your debts. In exchange, though, you’ll be required to relinquish some of your assets to the bankruptcy court. The court will then sell those assets and distribute the proceeds to your creditors. Under both state and federal...Read More - The Advantages of Filing a Chapter 13 Bankruptcy
May 15, 2023
How a Debtor’s Reorganization Can Help You Get a Fresh Start You’re struggling to make ends meet and have been considering filing for bankruptcy protection. You’ll generally have a couple of options—the discharge of debt through a Chapter 7 filing and the restructuring of your obligations under Chapter 13. Why would you choose a Chapter 13 petition over Chapter 7? What benefits are available under Chapter 13? Keeping Your Property The most compelling reason for...Read More - Property that Can Be Protected in a Chapter 7 Bankruptcy
Apr 15, 2023
Minimizing the Loss of Property in a New Jersey Liquidation Proceeding When you file for protection under Chapter 7 of the bankruptcy laws, you have the right to permanently discharge certain debts, so that you’ll never have to make payments on them again. In exchange for that benefit, the law requires that you transfer some of your assets to the bankruptcy court, to be sold to provide some compensation to your creditors. You won’t have...Read More