New Jersey Debt Relief Blog
What should I know before filing bankruptcy?
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...
How does the means test determine Chapter 7 bankruptcy eligibility?
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...
Protecting yourself against foreclosure scams
When foreclosure bears down on anyone, things can seem bleak enough to merit desperate actions. You might consider any deal worth the risk if it includes keeping your home. Home sales and property foreclosures are complex processes, so if anyone offers you a deal that...
Managing student loan debt after bankruptcy
When debt gets out of control, filing for bankruptcy is a way out for many people in New Jersey. While declaring bankruptcy can affect someone's credit, it may be better in the long term to discharge debts before they default. It is thus wise to stop focusing on any...
Is bankruptcy the answer for your small business?
America’s recent economic decline has wreaked havoc with many small businesses and leaving their owners with increased debt and facing bankruptcy. Forbes notes that a recent U.S. Census Survey shows nearly 80% of small business owners are struggling with the changes...
Mortgage loan modification options may prevent foreclosure
If you are one of the many homeowners in New Jersey who are falling behind on their mortgage payments and facing foreclosure, you are likely looking for a way to keep your house. While Chapter 13 bankruptcy may be the answer for some, it may not be your only option. ...
Is this creditor harassment?
New Jersey residents like you are already going through enough when you fall into debt. You do not need someone getting on your case with threats of violence or de-homing on top of that. Unfortunately, this is exactly what some creditors and debt collectors do....
How does filing for bankruptcy protect you?
Many people tend to think of bankruptcy as a last-gasp measure when they are overwhelmed by massive debt with little hope of meeting those obligations. However, it’s important to know that filing Chapter 7 or Chapter 13 isn’t the end of the world, and in many cases,...
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...
