Bankruptcy is the legal provision that allows individuals and corporations to alleviate their debts. While the technicalities of each bankruptcy ‘chapter’ are beyond the scope of this article, we will go over the basics of Chapter 7 bankruptcy and see how it differs from Chapter 13. Chapter 7 Bankruptcy This is the most common […]
BASICS OF CHAPTER 7 BANKRUPTCY FILING Read More »
When every other phone call you receive is from a creditor of one kind or another then the first thought that might pop into your head is to file for Chapter 7 or Chapter 13 bankruptcy, depending on your own individual circumstances. Although declaring yourself bankrupt does offer you a very clear plan for
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Bankruptcy is a right dating back to the writing of the US constitution, where the founding fathers of the country provided the ability for people to be able to relieve themselves of debts that they can simply never hope to pay off in their lifetime. Unfortunately like many of the rights provided for in
Can I Get Rid of Student Loan or Tax Debt in a Bankruptcy Read More »
The reality is that bankruptcy can affect anyone from any walk of life and the current global economic crisis has seen more people seeking protection from their debts and debtors by filing for bankruptcy than at any other time since the Great Depression of the 1920s. An even bigger misunderstanding in relation to having
What Personal Expenses Are Permitted When Filing For Bankruptcy? Read More »
The law in the State of New Jersey is very clear in relation to bankruptcy and repossession of your personal goods in that once you\’ve filed a petition of bankruptcy no leasing or finance company can pursue any further action against you in terms of collecting debt or repossessing your vehicle. The finance company
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Obviously it\’s important to hire the best possible lawyer from the very outset but the vast majority of people tend to rush into the hiring process, especially in personal injury cases. What they find then is that they\’re not happy with their current lawyer and want to change them but are unsure what steps
I Am Not Happy With My Current Lawyer Can I Change Him? Read More »
Loan modification can adjust the conditions of a person’s loan so as to make it more affordable for the borrower. These mortgage modifications can adjust one’s interest rate, duration of the loan or a combination of both so as to make the monthly payments more affordable. If you are being considered by the
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So, who can file for Bankruptcy? Anyone who is an individual or an organization and is insolvent can file for bankruptcy. An individual is able to file for bankruptcy if he has obtained credit counseling within 180 days before filing the case. To be able to file for Chapter 7, your income should
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If you filed for bankruptcy and have an open personal injury claim bankruptcy can have an impact on disbursement of your personal injury claims. Chapter 7 bankruptcy any and all unexempt property is liquidated by the trustee and your debts are discharged. So, the disbursement from your injury claim may be subjected to
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If you find it difficult to repay your debt, you may file for a chapter 7 bankruptcy to protect yourself from being legally accountable to pay your creditors. This can be a preventive measure that individuals take to avoid legal hassles from their creditors. The requirements for a Chapter 7 vary from state to
Filing Chapter 7 Bankruptcy in New Jersey Read More »