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...
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How to buy a house after bankruptcy
Filing for bankruptcy may have negative consequences for your credit score and overall creditworthiness. However, it may be possible to purchase a home in New Jersey in as little as a year after the discharge of your case. Let's take a closer look at some potential...
Contending with medical debt
Medical debt is often accrued when people need healthcare services but are unable to pay for out-of-pocket costs associated with their care. Such debt can make it very difficult for individuals in New Jersey and elsewhere to reach their financial goals. Nevertheless,...
What happens when you default on your mortgage?
If you're struggling to stay current on a mortgage, it's a good idea to contact your New Jersey lender right away. Doing so may prevent you from defaulting on the loan. However, if a default is unavoidable, it is important to understand the negative consequences that...
Release from every debt is not always possible
If you're among many in New Jersey who have been wading through some rough financial waters, you may be trying to focus on the future, more specifically, what options are available to help you rebuild your finances and restore financial stability in the weeks and...
What are the basic filing fees for Chapter 7 and Chapter 13?
If you have reached the point that you cannot afford your expenses and have mountains of debt continuing to pile up, you may feel as if you have no way out. You may consider bankruptcy, but you may have concerns regarding the costs associated with filing a petition...
How do you know if you are experiencing creditor harassment?
If you find yourself dealing with overwhelming debt, you know how this situation can affect multiple areas of your life. One frustrating aspect of owing a significant amount of debt is the phone calls and letters you may get from debt collectors. Creditors have the...
Chapter 7 or Chapter 13: Which option fits your needs?
It doesn't take much to throw a proverbial financial train off its tracks. Financial stability is often fragile, dependent on many factors that may fluctuate in negative or positive directions, sometimes without warning. While it's always nice to receive an unexpected...
Would you qualify for Chapter 13 bankruptcy?
If you are currently experiencing financial problems, you definitely aren't the only one in New Jersey thrown off course. Whether treating credit like cash was a main factor or you experienced unexpected medical expenses or job loss, it's not uncommon for minor...
New rules bring hope to those struggling with medical debt
Although your struggle with unpaid debt may feel like a lonely road to walk, you are not alone. In fact, if the main reason for your credit problems is unpaid medical debt, you are one of about 43 million in New Jersey and across the country. The Consumer Financial...