Losing control over your finances may have you looking for potential solutions, and you may be considering filing a New Jersey bankruptcy case. Chapter 7 and Chapter 13 bankruptcies both help individuals whose personal finances have spiraled out of control. However,...
Owning a home is a milestone for many Americans. Unfortunately, there may come a time when you are unable to make your mortgage payments on your home. From losing an income to suffering an injury, outside influences may result in your inability to make ends meet. If...
Bankruptcy comes with a lot of questions, one of the most common of which is, will your employer find out? Generally speaking, the answer is no, but as with everything, exceptions do exist. Though filing for bankruptcy results in the creation of a public record, your...
Like many people, you might have assumed that filing bankruptcy would lead to the discharge of all your debts. It is true that you will be able to eliminate many of your debts through Chapter 7 bankruptcy – or repay them through Chapter 13 bankruptcy. Yet, filing...
If you can prove that you have the ability to pay your house payments, your mortgage holder may agree to a reaffirmation of your loan. SFGate explains that signing this document holds you to the original terms of the mortgage and allows you to keep your home. Having...
Once you decide to file bankruptcy, you will need to complete your bankruptcy petition. The forms that make up your petition require a vast amount of information about you and your financial situation. It is imperative that you fill out the forms completely and...
A foreclosure becomes a real possibility if you fall too far behind on your mortgage payments. If your home's value has depreciated to the point that it is less than what you still owe on the home, a short sale may be an option. While effective at preventing...
You might have heard this before, but bankruptcy is not necessarily the end for your business. It is a period of financial restructuring — nothing more and nothing less. How exactly you go about it has a major impact on the next few years of your life and your...
While filing for business bankruptcy can be disheartening, it is also the right choice for many business owners faced with mounting debt. Bankruptcy allows you to get a handle on the financial fallout, which may be impossible to do on your own. Like all business...
Chapter 7 bankruptcies offer many lower-income people the opportunity for debt forgiveness when the financial burden becomes unbearable. Qualifying for this form of bankruptcy depends on a process called the means test which involves answering a few specific questions...
