One of the primary benefits to filing for bankruptcy in New Jersey is receiving an automatic stay of creditor collection activities. As a general rule, credit card companies, mortgage lenders and government agencies must put a stop to wage garnishment or planned...
Filing for bankruptcy in New Jersey doesn't mean that you have to lose everything. However, you should be prepared to give up some of your non-exempt assets. If a judge rules that you can live without it, a trustee might sell it to pay off your debts. What is...
New Jersey residents who wish to file a Chapter 7 bankruptcy must first pass a means test. Lawmakers introduced the means test in 2005 when they passed the Bankruptcy Abuse Prevention and Consumer Protection Act. Individuals who cannot pass the means test can seek...
