Filing for Chapter 7 bankruptcy in New Jersey involves several steps. First, gather all financial information, including income, debts, and assets. Then, consult with a bankruptcy attorney to assess eligibility and understand the process. The Means Test is a crucial element to determine eligibility. Once eligibility is confirmed, your attorney will help you prepare the …
Filing Chapter 7 Bankruptcy in New Jersey in 2024 Read More »
The Covid pandemic put many people out of work. As many people try and navigate through the pandemic, the single thing that most people have felt is an impact on their income. With so much uncertainty, many people don’t know where to turn and wonder if filing for bankruptcy may be the best decision for …
I lost My Job due to COVID – Should I file for Bankruptcy? Read More »
Getting a letter stating that your wages are going to be garnished can be frustrating and scary. A wage garnishment is when debt collectors try to enforce their judgment against you. This is a tactic that debt collectors use to get people to pay outstanding debt. When this happens, the creditor will send a letter …
One of the top reasons that individuals file for bankruptcy is because of divorce. After a divorce proceeding, it is common that both parties must file for bankruptcy. Many times a divorce can leave people with large financial debt. If you are thinking about filing for bankruptcy after your divorce, you are not alone. This …
Individuals who are looking to file for bankruptcy often wonder if they have to file their tax returns before or after they file for bankruptcy. In short, all tax returns must be filed before individual files for bankruptcy. When individuals file for bankruptcy, they must send certain documents before their 341 Meeting. A bankruptcy attorney …
Should I File My Tax Returns Before or After Filing Bankruptcy? Read More »
Bankruptcy and Back Rent
Having to file bankruptcy may seem like the end of the world. You may feel stress because you may be about to lose your home, you have overwhelming credit card debt or medical debt and you don’t know where to turn. Over the years, bankruptcy has become one of the most powerful ways for individuals …
Myths Filing Bankruptcy, Which Can be the Best Debt-Relief Solution Read More »
If you are wondering when you should file a Chapter 7 bankruptcy in Staten Island, you are taking the right steps to get out of debt. One of my favorite quotes is from the book the Financially Independent Millennial (if you have time, you should read a copy). The author of the book filed Chapter …
When Should I file Chapter 7 Bankruptcy in Staten Island? Read More »
If you are in financial trouble, you may be thinking about filing bankruptcy. Bankruptcy is a tool that can help individuals eliminate their debt. There are two types of bankruptcy that individuals can file Chapter 7 bankruptcy and Chapter 13 bankruptcy. Both chapters of bankruptcy give individuals ways to get back on the right financial …
What Happens To an Authorized User Or Joint Account Holder in Bankruptcy? Read More »
Businesses that are impacted by the coronavirus pandemic may be wondering where they should turn. Small businesses make up a third of the U.S. economy and with the unforeseaable future small business owners may be thinking about filing bankruptcy to help them get out of debt. Below we will discuss the different chapters of personal bankruptcy that small business owners may be able to file to get out of debt. Business owners will need to think about whether or not they want to keep running their business or shut their business down.