Are you drowning in debt? Do you feel like you're barely keeping your head above water in a pool of financial jargon? You wouldn't be the only one. Chapter 7 bankruptcy might sound like a chapter from a legal thriller, but it's actually a real-life solution that can...
Month: January 2025
Why job loss often leads to bankruptcy
When people think of the reasons for bankruptcy, they often focus on spending issues or the accumulation of new debt. For instance, they assume that the person filing has spent more than they can afford on their credit cards. Additionally, medical debt does often lead...
5 bankruptcy myths: Get the facts instead
Bankruptcy often carries a heavy stigma, making many people hesitant to consider it as a viable option for managing overwhelming debt. However, for those struggling with insurmountable financial burdens, it can be a lifeline to a fresh start. Much of the stigma stems...
How common is medical debt?
Many types of debt can leave your finances in tatters, but one of the most common is medical debt. One moment you and your family members are well, and your financial situation is steady, then, out of nothing, something happens that puts you or a loved one in the...
Discharge vs dismissal: What do these often-confused terms mean?
If you’re considering bankruptcy as the best way to get out from under an ever-growing mountain of debt, you’ve likely been doing some research. Reading about bankruptcy law and the process that’s involved can feel like trying to navigate a foreign language. Further,...
What does the automatic stay protect in New Jersey bankruptcies?
When you file for bankruptcy in New Jersey, whether it's Chapter 7 or Chapter 13, a powerful legal tool called the automatic stay immediately goes into effect. It stops most creditors from trying to collect debts from you. This gives you some much-needed breathing...