bankruptcy filing

Understanding Chapter 7 Bankruptcy in New Jersey: A Step-by-Step Guide

Bankruptcy, bankruptcy filing, Chapter 7 /

Introduction Bankruptcy can be a daunting and complex process, but for many individuals facing financial hardship in New Jersey, Chapter 7 bankruptcy offers a fresh start and relief from overwhelming debt. If you’re considering this option, it’s crucial to understand the process thoroughly. This step-by-step guide will walk you through the key aspects of filing […]

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Common Myths About Bankruptcy in New Jersey

Bankruptcy, Bankruptcy discharge, bankruptcy filing, Chapter 13, Chapter 7 /

The legal process of bankruptcy is intended to assist individuals and businesses in obtaining a new financial beginning. However, there are many common myths and misconceptions about bankruptcy that can prevent people from seeking the help they need. In this article, we will explore some of the most common myths about bankruptcy in New Jersey

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Gambling Debts and Bankruptcy, Are They Dischargeable?

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Gambling and bankruptcy frequently go hand-in-hand. The unmistakable excitement, the regret, and the worry of facing the reality of losing everything were the causes of one’s miseries. These circumstances appear to be occurring as gambling becomes more accessible with the rise of internet gambling and fantasy sports. Loss of employment, unforeseen costs, excessive spending, the

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What Happens to Your Brain and Body When You’re Stressed About Money

Bankruptcy, bankruptcy filing, Debt Collectors, Debt Settlement, Debts, financial management, Financial security /

Financial security and mental health go hand in hand. Some people may not notice the close relationship between emotional and financial well-being. Stress-related money concerns rank highest globally. People would report general poor health, which leads to complaints of diseases. Symptoms of prolonged financial stress should take care of immediately. It includes anxiety, migraines, impaired

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Can I Keep My Cash In A Chapter 7 Or Chapter 13 Bankruptcy?

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Declaring bankruptcy has long-term financial and credit repercussions. If you are one of the many individuals laid off from work, or if you are a businessman who has no chance of regaining your company, bankruptcy is your final resort. Since Chapter 7 and Chapter 13 bankruptcy are two very distinct legal choices with different possible

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How Bankruptcy Can Help With Cars You Can No Longer Afford?

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Two main types of bankruptcy are Chapter 7 and Chapter 13. These procedures help people liquidate some of their assets and pay off their debts. While chapter 7 generally involves selling some of your assets, chapter 13 is focused on paying off other debts. If you own a car, the vehicle may be affected by

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Can I Discharge a Loan I Used to Start a Business in New Jersey?

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Have you ever taken the time to notice how many small businesses close their doors while major corporations always manage to stay financially comfortable? Consider a specific scenario: when an individual was given a bank loan to start their business in New Jersey.  An unexpected hurdle hindered them from paying off the remaining balance of

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Do Married Couples Have To File For Bankruptcy Together?

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Under bankruptcy law, married couples can file a joint bankruptcy petition. But, it is not typically the best option for many couples. Sometimes, it makes sense for married couples to file for bankruptcy jointly. However, it can be hard to do since both spouses must include their income in the individual bankruptcy. On the other

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You Must File Bankruptcy In Good Faith, Not As An Attempt To Game The System

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Anyone who declares bankruptcy is presumed to be acting in good faith. Ideally, this is to be using the procedure as intended (a means of assisting debtors in controlling their debt and finances again). A bad faith filing, on the other hand, arises when someone attempts to game or exploit the system for purposes other

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