If you’re feeling overwhelmed by debt, bankruptcy may offer a fresh financial start. But choosing the correct type of bankruptcy is critical. For most people, the decision is between Chapter 7 and Chapter 13 bankruptcy. Both offer relief from creditors, but they...
You have already received multiple notices that you are missing mortgage payments. You know that the next step is likely for your lender to foreclose on the home. If you miss too many payments in a row, the lender will eventually foreclose, remove you from the...
New Jersey debtors can file for bankruptcy under Chapter 7 or Chapter 13. Either option has its pros and cons, but some debtors might not qualify to file under Chapter 7 regulations. A major determinant of who can file under Chapter 7 is passing the means test. ...
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...
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,...
Financial difficulties can be extremely stressful, and the thought of filing for bankruptcy may seem just as overwhelming. Unfortunately, this causes many to put off filing, meaning that things may only get worse. If you need more reasons to stop thinking about filing...
Married partners in financial distress often face the difficult decision of whether to file for bankruptcy jointly or separately. It is a significant decision that can affect both partners’ financial futures, and understanding the implications of either option is...
Even though bankruptcy has become so common it has lost much of its social stigma, a lot of people are still concerned about the way that they might be judged by others – especially their employers. If you’re contemplating bankruptcy but you’re worried about whether...
Millions of people are in debt. You may be in debt because of credit card purchases, medical bills, student loans, high interest rates or late payments. These debts can be stressful and greatly impact your living. If you can not make these payments on your own, you...
If you are in financial distress and contemplating filing for bankruptcy, you may be wondering if there is a debt threshold required to initiate the process. Must you accumulate a specific amount of debt to qualify? The short answer is no; there is no minimum or...
