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,...
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Will your employer find out about your bankruptcy?
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...
Can you discharge all your debts through bankruptcy?
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...
Should you reaffirm your mortgage after bankruptcy?
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...
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...
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....
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...
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...
Discussing your bankruptcy with loved ones
People who work through the bankruptcy process have many considerations and different hurdles to tackle. From determining eligibility to reviewing the different strategies to find one that will work best, there is a lot to unpack when it comes to filing for...
