New Jersey Debt Relief Blog
The benefits of Chapter 13 bankruptcy
Bankruptcy is the last resort for most individuals in New Jersey. If if you struggle financially, it can help you get a handle on debt and improve your long-term situation. We often help clients create a plan and file for personal bankruptcy. According to the United...
Do you automatically lose your home if you file for bankruptcy?
When your finances spiral out of control to the point where they become unmanageable, you may start looking for ways to recover. You may have heard that others who filed for bankruptcy wound up having to surrender their homes in the process, and you may have questions...
Are you sure you need business bankruptcy?
Cash flow problems, out-of-control interest and any number of other financial challenges can spell trouble for even the best small enterprises. Luckily, if you are having this type of trouble, there are almost limitless ways in which you could potentially recover. You...
What to do if facing foreclosure
A job loss or unexpected medical bills can make it difficult to pay the mortgage in full and on time. If this continues, the lender may begin the process of repossessing the home, which is foreclosure. It is important that homeowners understand that foreclosure is not...
What are the issues with short sales?
If you find yourself unable to pay your mortgage, you may be looking for ways to prevent foreclosure. One way to do so is selling your home through a short sale. This type of sale allows you to accept an offer for less than your mortgage’s outstanding balance. While...
Adequate preparation may prevent business bankruptcy
For many New Jersey businesses, the challenge of managing the financial aspects of their organization may influence its longevity and resiliency. Companies that do not have a thorough method for recording their financial movement may not realize where their money is...
What happens to retirement accounts during bankruptcy?
The uncertainty of filing for bankruptcy may leave you feeling anxious about the stability of your future. Understanding the impact that bankruptcy could have on your life, particularly your retirement benefits, may help you to make more confident decisions about how...
Can you afford to file Chapter 13 bankruptcy?
It may seem odd to think that you cannot afford to file Chapter 13 bankruptcy, but that may happen to some people. Chapter 13 requires you to create and follow a repayment plan, so you must have enough money to honor the plan through completion, which is about three...
Is bankruptcy right for you?
The cost of living seems to be rapidly outpacing the amount of income many Americans are earning each month. When expenses outweigh income, it can become time for you to make a serious decision about filing for bankruptcy. But is bankruptcy the right decision for you?...
Chapter 11 for businesses or individuals
When it comes to filing for bankruptcy, many people may erroneously think that there are different plans intended solely for businesses and solely for individuals. A Chapter 11 bankruptcy is one plan that is often associated with businesses, yet it may be utilized by...
