If you get a loan to buy your car in New Jersey and you fail to make your loan payment, then you could face having your car repossessed. It is ideal for you and your lender to avoid this situation. You would lose your vehicle, while the lender would end up with a car...
asset forfeiture
Can I keep my car if I file bankruptcy?
If your debt becomes uncontrollable, you may have no choice but to file for bankruptcy in New Jersey. Doing so will change your finances and possible lead to you losing some of your assets. If you have an auto loan, you may wonder if there is any way to keep your...
What property can I keep after a bankruptcy?
There are many different types of protected property that you could be able to keep after certain types of New Jersey bankruptcy, especially chapter 13. For example, you might be able to keep your car or your home. However, your situation is likely to require an...
Why can student loans not be discharged in bankruptcy?
When filing bankruptcy in New Jersey, you may be dismayed to learn that your student loan debt cannot be discharged as part of your case. There are only a very few, rare situations where you can get rid of your student loan debt by filing bankruptcy. In most cases,...
What is civil forfeiture?
There are times when law enforcement in New Jersey can take your personal property without your consent. According to NJ.com, if law enforcement suspects that your property is somehow tied to criminal activity, they can take it under civil forfeiture. The problem is...
Understanding what happens when your car is repossessed
Despite your best efforts to continue making car payments on your vehicle, you are unable to meet the required expectations and your car is repossessed by the loaner. Now, you are left trying to figure out where to go from here and what steps come next. At Goldman...
Can my wages be garnished for debt?
If you have debt issues in New Jersey, you may be plagued with calls or letters from collection agencies wanting to get paid. Debt is an issue many people struggle with. It is common to fall behind on payments and end up in collections. In some cases, if your debts...