Bankruptcy Won't Stop All Legal Proceedings If you're struggling to make ends meet, a personal bankruptcy filing can help you get a fresh start. When you file for bankruptcy protection, an automatic stay immediately goes into effect. This stay … [Read more...]
How to Be Certain Bankruptcy Is the Right Option
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 … [Read more...]
Personal Bankruptcy Filings—When the Automatic Stay Doesn’t Apply
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 … [Read more...]
Exempting Property from Chapter 7 Bankruptcy in New Jersey
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 … [Read more...]
Personal Bankruptcy Filings—Can You Keep Your Property?
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. … [Read more...]
Personal Bankruptcy—The Benefits of the Automatic Stay
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 … [Read more...]
Bankruptcy Options for Your Business
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 … [Read more...]
When the Automatic Stay in Bankruptcy Does Not Apply
The Limits of Your Legal Protection in Bankruptcy One of the most attractive features of American bankruptcy law is the "automatic stay" that goes into effect immediately upon filing of a bankruptcy petition. It generally prohibits creditors from … [Read more...]
Preferences in Bankruptcy
What Is a Preference? Will It Have an Impact on Your Filing? One of the most significant benefits of American bankruptcy law in the automatic stay, which goes into effect immediately and prohibits creditors from taking any action to collect a debt … [Read more...]
The Treatment of Recent Payments in a Bankruptcy Proceeding
What is a Preference? How Will It Affect Your Bankruptcy Filing? Sometimes you have a pretty clear sense that you're heading toward bankruptcy, and sometimes you don't. You may be working hard to get all your vendors paid but unable to get over the … [Read more...]
