chapter 7 Archives

What are some common mistakes people make in Bankruptcy?

If you are thinking about filing for bankruptcy in the East Orange area, you should be careful about what you do in the months leading up to it. Though you expect for it put an end to the nonstop creditor harassment you are experiencing, lighten your financial burden and make it easier for you to sleep easier at night, the wrong moves could result in the dismissal of your case. Mistakes can also lead to complications that prevent you from receiving the full benefits of Bankruptcy protection. 

Filing for bankruptcy? Know traits of Chapter 7 and Chapter 13

When it comes to personal bankruptcy, there are two chapters that almost all people will utilize: Chapter 7 and Chapter 13. The differences between these types of bankruptcies are important. When you consider that nearly three-quarters of filings are Chapter 7, and the other quarter of filings are Chapter 13, you can probably guess that income is a big factor in determining which bankruptcy you file.

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