You may be considering filing for Chapter 7 or Chapter 13 bankruptcy if you are struggling with your finances. While both options may provide some relief from your debt and give you a better financial future, it is important to note the ways in which these bankruptcy...
chapter 13
Should you apply for a credit card after Chapter 13?
Once you have filed for Chapter 13 bankruptcy, you may feel as though you are getting back on track with your finances. Chapter 13 helps debtors set up a payment plan to repay their debt over a certain period of time. In some cases, the bankruptcy decreases the amount...
Can demoting yourself help you with bankruptcy?
Owning and running your own business can be a thrilling experience, which is why some New Jersey business owners may not like the idea of going back to being an employee and taking orders from someone else. And yet if you are going through Chapter 13 bankruptcy,...
The automatic stay and its exceptions
At Goldman & Beslow, we know that when you owe a significant amount of debt in New Jersey, you may start experiencing annoying behavior by creditors that sometimes reaches the level of harassment. Examples include calling you several times a day and making threats...
Can I keep a savings when I file Chapter 13?
When you decide to file Chapter 13 bankruptcy, you may have many questions regarding your finances going forward. There are strict rules you must follow to stay within the guidelines of the court. The main one is following your repayment plan. However, what happens...
How is the payment figured in Chapter 13?
The biggest difference between Chapter 7 and Chapter 13 bankruptcy is that in Chapter 13 you repay your debts based on the bankruptcy plan. If you file Chapter 13 in New Jersey, you may wonder how the court creates the repayment plan. There are a few considerations...
What are some foreclosure scams to watch for?
If you are facing foreclosure on your home in New Jersey, you have a lot more to worry about than losing your home. There are scammers out there who prey on people like you. They make big offers and in the end, only manage to steal your money, leaving you in sometimes...
Former mine employees concerned about pension benefits
When employees are given information about how their benefits will function throughout their term at a company, they expect to receive nothing less than they were promised. In situations where retirement benefits such as pensions, 401K's and other options are...
Can you reduce business debt without filing for bankruptcy?
If you are running into financial difficulties with your business in New Jersey, you may have entertained the thought of filing for bankruptcy. While you know it will take a hit to your credit and potentially destroy your company, you are not sure if there are any...
What are your Chapter 13 debtor’s obligations?
When you consider filing for bankruptcy in New Jersey under Chapter 13, you are taking a sensible step to relieve your burden of debt and make a fresh start financially. However, according to FindLaw, as a debtor, you have responsibilities to meet when you reorganize...