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Chapter 13 Archives

Can bankruptcy be your best route out of debt?

If your resolution for the new year is to get out from under your debt, you may have considered and then quickly tossed aside the option of bankruptcy. Many people still view it as an admission of failure. They may be afraid of the potential ramifications on their credit score. However, bankruptcy is often the best way to deal with overwhelming debt and take control of your financial life again.

Is Chapter 13 bankruptcy an option for you?

If your debts have become truly unmanageable, you may want to consider filing for Chapter 13 bankruptcy. Sometimes referred to as a wage earner's plan, Chapter 13 allows individuals who have a steady income to come up with a repayment plan for a portion or all of their debt load.

50 Cent close to finalizing his Chapter 11 bankruptcy process

Rap superstar 50 Cent is inches away from finalizing his bankruptcy. The rapper filed a tentative bankruptcy agreement that requires approval from the court. In the agreement, he agreed to settle his debts with creditors for $23.4 million. In order to meet these obligations, he plans to sell a multimillion-dollar mansion in Connecticut and use future proceeds he plans to receive in a $75 million malpractice recovery.

Chapter 13 and Chapter 7 proceedings for residents of Toms River

The decision of whether to enter into bankruptcy proceedings is a difficult one to make, but with the help of an experienced New Jersey bankruptcy attorney, Toms River residents can evaluate whether or not bankruptcy is right for them from both a legal and financial perspective. When your situation is evaluated by a qualified attorney like this, the answer of whether you should proceed with bankruptcy tends to be exceedingly clear.

Why would I want to pursue Chapter 13 bankruptcy for my home?

Chapter 13 bankruptcy certainly comes with a lot of benefits -- not the least of which is the power to stop foreclosure proceedings from moving forward. This article will discuss Chapter 13 proceeding and some of the most important benefits that people suffering from debt problems in New Jersey can receive relating to their homes by initiating the process.

What happens when you are late on a Chapter 13 payment?

Chapter 13 bankruptcy is a great way to resolve unpaid bills that have gotten so out of hand that they are impossible to catch up on. However, it is also possible to get behind on your Chapter 13 structured payments after they have been approved by the bankruptcy court. What happens then? Will the bankruptcy proceedings get dismissed?

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At the law offices of William H. Oliver, Jr. & Associates in Toms River and Lakewood, New Jersey, we represent clients in Toms River, Neptune, Trenton, Middletown, Red Bank, Wall, Lakewood, Lakehurst, Manchester, Asbury Park, Old Bridge, Jamesburg, Barnegat, Forked River, Manahawkin, Ocean Township, Brick, Manasquan, Howell, Freehold, Hazlet, Bradley Beach, Brown Mills, Long Branch, Keansburg, Marlboro, Bayville, Beachwood, Whiting, Sayreville, South River, East Brunswick, Monmouth County, Ocean County, Middlesex County, Burlington County and Mercer County.