Dealing with debt collectors is not a fun experience for anyone. However, the debt collectors often feel bound by the Fair Debt Collection Practices Act, which often limits how they can interact with the people they collect debts from. Unfortunately, not every...
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Chapter 13
How can Chapter 13 bankruptcy prevent foreclosure of your home?
When you find yourself in dire financial circumstances and unable to pay your bills, saving your home from foreclosure is likely your biggest concern. While you have several options for accomplishing this goal, the U.S. Courts explain that filing Chapter 13 bankruptcy...
The differences between Chapter 7 and 13 bankruptcy
Debt is overwhelming and stressful. As you work to pay it off, it continues to build, so it seems as though there is no end in sight. If you are facing lawsuits from creditors or harassment from collections agencies, you should explore bankruptcy as an option for debt...
Taking a look at Chapter 13 eligibility
When it comes to bankruptcy, you need to go over many different issues. For starters, you need to determine which type of bankruptcy suits your needs best. Everyone is in a unique position and it is essential to make sure you are eligible to file for a particular type...
How bankruptcy’s automatic stay offers relief from creditors
Once your financial affairs start spiraling out of control in New Jersey, you may find yourself falling into a deeper and deeper hole. If you do not see a realistic way to dig yourself out of debt and get things back on track within the next several years, it may be...
How may bankruptcy help me pay off mandatory debts?
Chapter 13 bankruptcy may seem like your route out of financial insolvency. However, a bankruptcy judge cannot discharge every kind of debt. Even in bankruptcy, you are still obligated to pay some outstanding costs like overdue child support or alimony, civil...
What is the Fair Debt Collection Practices Act?
When dealing with a heap of debt, the last thing you need on top of that is even more external stress. Unfortunately, this is exactly what people dealing with debt collectors often get. Some debt collectors even cross the line, harassing or intimidating you in their...
Tips for moving forward after Chapter 13
Bankruptcy is a legal option that offers financial relief for New Jersey residents. If you have overwhelming debt, Chapter 13 provides a way to deal with it on your terms. Many people wait too long before taking action due to the effect bankruptcy has on their credit....
3 advantages of Chapter 13 bankruptcy
Bankruptcy in general offers you a lot of advantages. For example, once you file, collection actions against you stop immediately due to the automatic stay. Depending on your financial situation, you may have several bankruptcy options available to you. Chapter 13 is...
How long may a payment plan last with a Chapter 13 bankruptcy?
The length of a payment plan established by a Chapter 13 bankruptcy typically lasts between three and five years. If you earn less than New Jersey's average income, you may enter a plan for as little as three years. A higher-than-average monthly income, however, may...
