In most cases people can see their bankruptcy coming from a long way off because of their spending habits, and the realization that they are currently living beyond their means. But that’s not always the case. Some people don’t take their debts seriously until they receive communication from a creditor or sheriff, advising them that […]
What Is An Emergency Bankruptcy? Read More »
Altruism can be a double-edged sword because it can take away just as much as it gives. A perfect example of such high-minded ideals took place in the state of New Jersey after the 2008 housing and financial crisis that almost brought the United States to its knees. New Jersey was already on record as
The Foreclosure Moratorium in New Jersey Made Matters Far Worse Read More »
Having to declare bankruptcy can feel like you’ve made a series of financial mistakes you’ll never recover from. The entire process seems to be surrounded by doom and gloom. Instead you’re being provided with the opportunity to have a clean financial slate in just a few short years, and the United States is one of
When Can I Get a Mortgage After Bankruptcy? Read More »
Finding yourself in financial trouble can be a bitter pill to swallow. There’s a lot of personal shame involved, and then there’s the perception that you’re not able to manage your money properly. After all, you don’t want your personal affairs made public, with people you barely know asking you about your financial status. So,
If I file for bankruptcy, will everyone find out? Read More »
There are two basic choices available to a business if and when it decides to declare bankruptcy. Chapter 7 and 11 are when a business has hit a financial wall and can no longer stay operational. In filings of this type there is no exit process because the company will cease trading immediately, and investors
What Does it Mean When a Company Exits Bankruptcy? Read More »