Filing for bankruptcy may allow you as a New Jersey resident to eliminate medical bills, a credit card balance or other financial obligations. However, doing so can also make it harder to qualify for a mortgage. In fact, you will have to wait at least a year after...
Month: September 2021
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Chapter 7 bankruptcy and small businesses
If a small business in East Orange, New Jersey struggles with debt, its owners can file Chapter 7 bankruptcy to get relief. The proceedings differ between consumers and small business owners, but also between business types. Chapter 7 bankruptcy for LLCs Chapter 7 is...
Why bankruptcy can put a stop to wage garnishment
If you fail to pay a New Jersey creditor, government entity or any other party in a timely manner, your wages may be garnished. However, it may be possible to put a temporary end to the garnishment by filing for bankruptcy. Generally speaking, a garnishment cannot...