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March 2017 Archives

Chapter 7, despite its reputation, doesn't eliminate all debts

Chapter 7 is often thought of as a way to wipe the slate clean and erase all debts. While it can in some cases, it's important to know that every single debt isn't discharged in every case. Some debt can remain. That doesn't mean you should not use Chapter 7, but just that it's crucial to really understand what it can do for you and how beneficial it can be.

Do you have alternatives to bankruptcy?

When you are facing a bankruptcy, your stress level is already very high. You probably have many concerns about whether you can keep your home or your car. You might be concerned about your business and how your bankruptcy will affect your job. These are all valid concerns that will need to be addressed. A bankruptcy is designed to help you get a fresh start when you are choked by bills, but whether a bankruptcy will fix your situation depends on a number of factors. You may want to look at alternatives to filing Chapter 7 bankruptcy.

Not all debts are created equally, debt relief efforts vary

In a previous blog post, we discussed some strategies you can use to work with a collection agency regarding debt. When this doesn't happen or if you are unable to pay for the bill, you might decide that you need to seek out other options for debt relief. We want you to know that you do have legal options to get a fresh financial start.

Learn your options for taking control of your credit card debt

Credit cards are a good thing to have, as long as you use them in the right way. It is easy to fall into the habit of thinking that you can spend whatever you want as long as you have credit remaining on the card. This can lead you into a financial abyss if you charge considerable amounts and can't repay those amounts when the time to do so comes.

Is Chapter 7 bankruptcy the right choice for your business?

To a small business owner who is facing a debt spiral that does not seem to have a solution, it can be difficult to know just what to do. Bankruptcy is always there as an option, but the way that it works can cause distress to many people, especially when they do not understand the process ahead of time. Questions about losing homes and other property are quite common, and when bankruptcy is complicated by business ownership it gets to be even more stressful. Here is what a person needs to understand about it.

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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.