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 […]
How Bankruptcy Can Help With Cars You Can No Longer Afford? Read More »
You can safeguard all your properties if you file for Chapter 13 of the bankruptcy law. However, this does not guarantee that you’ll never have to pay a portion of it. Read more to know. What You Can Do Under Chapter 13 Bankruptcy You can retain, or explicitly exclude or exempt, limited equity of the
What You Need to Know About Keeping Investment Property In Chapter 13 Bankruptcy Read More »
If you fall victim to credit card fraud in the state of New Jersey, it would be a hassle on your part if you have debts. A lot of the time, debt collectors will not accept your claim about being a fraud victim. Because of that, they can continue to claim that you are in
Can Bankruptcy Filing Help Amend my Debts for Credit Card Fraud in New Jersey? Read More »
People who find themselves filing for bankruptcy for the first time often imagine being left with nothing more than the clothes on their back when the process is complete. But nothing could be further from the truth. The goal of the bankruptcy process is not to punish you – otherwise it wouldn’t allow you to
What are the available exemptions in the bankruptcy filing? Read More »
If or when you find yourself in financial difficulty, with creditors knocking on your door, you\’ll have two options for dealing with the situation: 1. File for a Chapter 7 discharge of your debt 2. File for a Chapter 13 debt repayment plan Which of these you choose will depend entirely on your personal circumstances,
What Is A Chapter 13 Hardship Discharge? Read More »
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 »
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 »
You invested a lot of time and effort in choosing your home and then making it your own. That’s why it’s so difficult to imagine not being able to live there because you have to declare bankruptcy. But petitioning for bankruptcy doesn’t mean you’ll lose your home, especially if you file for Chapter 13 –
Keeping Your Home In A Chapter 13 Bankruptcy: What You Need To Know Read More »