bankruptcy filing

What Happens to Your Brain and Body When You’re Stressed About Money

Bankruptcy, bankruptcy filing, Debt Collectors, Debt Settlement, Debts, financial management, Financial security /

Financial security and mental health go hand in hand. Some people may not notice the close relationship between emotional and financial well-being. Stress-related money concerns rank highest globally. People would report general poor health, which leads to complaints of diseases. Symptoms of prolonged financial stress should take care of immediately. It includes anxiety, migraines, impaired […]

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Can I Keep My Cash In A Chapter 7 Or Chapter 13 Bankruptcy?

Bankruptcy, Bankruptcy Case, bankruptcy filing, Chapter 13, Chapter 7 /

Declaring bankruptcy has long-term financial and credit repercussions. If you are one of the many individuals laid off from work, or if you are a businessman who has no chance of regaining your company, bankruptcy is your final resort. Since Chapter 7 and Chapter 13 bankruptcy are two very distinct legal choices with different possible

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How Bankruptcy Can Help With Cars You Can No Longer Afford?

Bankruptcy, bankruptcy filing, Chapter 13, Chapter 7 /

Two main types of bankruptcy are Chapter 7 and Chapter 13. These procedures help people liquidate some of their assets and pay off their debts. While chapter 7 generally involves selling some of your assets, chapter 13 is focused on paying off other debts. If you own a car, the vehicle may be affected by

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Can I Discharge a Loan I Used to Start a Business in New Jersey?

Bankruptcy, Bankruptcy Case, bankruptcy filing, Chapter 11, Chapter 7 /

Have you ever taken the time to notice how many small businesses close their doors while major corporations always manage to stay financially comfortable? Consider a specific scenario: when an individual was given a bank loan to start their business in New Jersey.  An unexpected hurdle hindered them from paying off the remaining balance of

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Do Married Couples Have To File For Bankruptcy Together?

Bankruptcy, Bankruptcy Case, bankruptcy filing /

Under bankruptcy law, married couples can file a joint bankruptcy petition. But, it is not typically the best option for many couples. Sometimes, it makes sense for married couples to file for bankruptcy jointly. However, it can be hard to do since both spouses must include their income in the individual bankruptcy. On the other

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You Must File Bankruptcy In Good Faith, Not As An Attempt To Game The System

Bankruptcy, bankruptcy filing, Bankruptcy Fraud /

Anyone who declares bankruptcy is presumed to be acting in good faith. Ideally, this is to be using the procedure as intended (a means of assisting debtors in controlling their debt and finances again). A bad faith filing, on the other hand, arises when someone attempts to game or exploit the system for purposes other

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I Am Behind On My Mortgage Payments – Can I File For Chapter 7 And Walk Away?

Bankruptcy, bankruptcy filing, Chapter 7 /

Paying a mortgage for your house is a monthly obligation. However, if it becomes too difficult for you to pay your bills, the best option is to walk away. Simply walking away from your mortgage dues, also known as defaulting, will not solve your problems. There’s a high chance that the lender will sue you

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Can Creditors Sue Co-Signers On Credit Card Debt, A Car Loan, Or Student Loans?

Bankruptcy, Bankruptcy Case, bankruptcy filing, Loan Discharge /

When you make a loan or debt to a creditor, it would require you to have a co-signer (like your parents) who are accountable for paying back the debt if you cannot do so. Let’s say you go bankrupt amid your payments. What will happen to your co-signer? Will the creditor sue them? Let us

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Can Bankruptcy Filing Help Amend my Debts for Credit Card Fraud in New Jersey?

Bankruptcy, bankruptcy filing, Bankruptcy Fraud /

If you fall victim to credit card fraud in the state of New Jersey, it would be a hassle on your part if you have debts. A lot of the time, debt collectors will not accept your claim about being a fraud victim. Because of that, they can continue to claim that you are in

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