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January 2016 Archives

What are the alternatives to Chapter 7 bankruptcy?

Chapter 7 bankruptcy involves the selling off of assets (except for those that qualify for exemption) in order to pay back debtors. Under Chapter 7, your creditors will receive as much money as they can from the proceeds of your assets being sold. Any debts left over will be dissolved. Clearly, Chapter 7 is a useful tool for resolving toxic debt; however, some people may want to review their options before they agree to liquidate their assets like this.

How do I know if bankruptcy is right for me?

The decision to go into bankruptcy is not a very hard one to make if you analyze all the facts of your financial circumstances carefully. It is usually a simple matter of economics: Will the monetary savings I receive from bankruptcy be worth it to me in the end? A New Jersey bankruptcy law attorney can help you conduct this kind of evaluation and here is the kind of information he or she will consider.

Alternatives to bankruptcy through debt settlement

New Jersey residents who are struggling financially are often overloaded with debts they cannot pay. Fortunately, there are some workable solutions that can be employed, including bankruptcy. However, there are also alternatives to bankruptcy that can help you resolve unpaid debt through debt negotiation and settlements with creditors.

Insurance no guarantee against medical debt problems

Just because you have health insurance does not mean you are immune to getting hit with medical debt problems. The Affordable Health Care Act has helped a large number of Americans who didn't have insurance get important medical insurance coverage. However, this has not resolved our nation's medical debt problems.

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At the law offices of William H. Oliver, Jr. & Associates in Toms River and Lakewood, New Jersey, we represent clients in Toms River, Neptune, Trenton, Middletown, Red Bank, Wall, Lakewood, Lakehurst, Manchester, Asbury Park, Old Bridge, Jamesburg, Barnegat, Forked River, Manahawkin, Ocean Township, Brick, Manasquan, Howell, Freehold, Hazlet, Bradley Beach, Brown Mills, Long Branch, Keansburg, Marlboro, Bayville, Beachwood, Whiting, Sayreville, South River, East Brunswick, Monmouth County, Ocean County, Middlesex County, Burlington County and Mercer County.