In most cases people can see their bankruptcy coming from a long way off because of their spending habits, and the realization that they are currently living beyond their means. But that’s not always the case. Some people don’t take their debts seriously until they receive communication from a creditor or sheriff, advising them that […]
What Is An Emergency Bankruptcy? Read More »
Having to declare bankruptcy can feel like you’ve made a series of financial mistakes you’ll never recover from. The entire process seems to be surrounded by doom and gloom. Instead you’re being provided with the opportunity to have a clean financial slate in just a few short years, and the United States is one of
When Can I Get a Mortgage After Bankruptcy? Read More »
The stereotypical image of a bankrupted person is a forty something who lived beyond their means their entire life. Somebody who has spent their hard-earned money on frivolous things like sports cars and exotic holidays until they finally ran out of money and had to petition the bankruptcy court to bail them out. You’d never
The Reasons More Older Americans Are Filing For Bankruptcy Read More »
You invested a lot of time and effort in choosing your home and then making it your own. That’s why it’s so difficult to imagine not being able to live there because you have to declare bankruptcy. But petitioning for bankruptcy doesn’t mean you’ll lose your home, especially if you file for Chapter 13 –
Keeping Your Home In A Chapter 13 Bankruptcy: What You Need To Know Read More »
Did you know there are provisions within the Bankruptcy Code which allow your trustee to claim certain assets of yours even after you’ve filed for bankruptcy? This can mean that an inheritance, a tax refund, vacation pay, or anything else of value can be claimed by your trustee as part of your “bankruptcy estate” and
After Acquired Interest Not Part of The Bankruptcy Estate Read More »
Credit card debt can snowball faster than you can keep up with, especially if you\’ve been using your credit card to buy groceries and pay your utility bills. The reason this happens is because people don\’t view credit card debt as actual debt – it\’s \”plastic money\”, so it doesn\’t really count. Defaulting on your
Before Bankruptcy: Can I Be Arrested If I Ignore a Summons From A Credit Card Company Read More »
Bankruptcy offers you protection from creditors taking any further action against you, and this includes seeking a judgment against you once you\’re in the process of seeking the court\’s protection from creditors. However, an existing judgment against you can affect your bankruptcy filing depending on whether or not you\’re a homeowner, or you are the
Can I File For Bankruptcy In New Jersey If I Have A Judgment Against Me? Read More »
When you reach the decision to file for bankruptcy it is critical that you fully understand the process from start to finish. For anyone filing for Chapter 7 or Chapter 13 bankruptcy in the state of New Jersey there is a requirement that you attend a pre-filing credit counseling course before you’re granted a discharge
Do I Have To Attend A Class To File For Bankruptcy In New Jersey Read More »
The purpose of filing for bankruptcy is to give you a second chance in life to make responsible financial decisions, and to use credit sensibly. The new requirement for pre-filing credit counseling and post-discharge debtor education aims to educate people in the proper management of their finances. Not everyone learns from their mistakes though,
Can I File For Bankruptcy More Than Once Read More »
If you never learned how to make sound financial decisions then there\’s every possibility you don\’t know exactly who your creditors are. As your debts mount you might find that your creditors \”sell\” your debt to other companies who will then attempt to reclaim the money owed by you. You could quite easily receive bills
Can I File Bankruptcy If I Can\’t Remember Who I Owe Money To? Read More »