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 …
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The Fair Debt Collection Practices Act (FDCPA) is a federal law that is enacted to protect consumers from harassing debt collectors. Below we will discuss who this law applies to and how it stops debt collectors from using abusive and misleading tactics.
Bankruptcy and Back Rent
With the coronavirus pandemic going on, many business owners may be wondering how their business debts can be eliminated in a Chapter 7 bankruptcy. If you own a business, have debt, and can’t pay, filing bankruptcy can help you eliminate your personal liability. Keep in mind, however, that even if you are not personally liable for the debts, in a Chapter 7 bankruptcy, your business will still be liable for the debt. This is because the business is a sole proprietorship.
If you are thinking about filing bankruptcy, you are probably struggling to pay your debts and are wondering if “filing bankruptcy is a good decision?” Filing bankruptcy can give you room to breathe and help get you out of a financial disaster.
Are creditors calling you every hour of the night? Are debt collectors harassing you and threatening to sue you? Have family members informed you that debt collectors are calling them about your debt?
These type of harassing debt collectors are performing illegal conduct. Many creditors think that they can get away with doing this. Many of these debt collectors will assume that you want nothing to do with them and will just settle with them or pay them to stop them from harassing you.
When signing the CARES Act into law, Congress left out protections for the most vulnerable individuals who are already in debt. Congress failed to provide any protection against debt collectors. Thus, individuals who owe money for past debts will be at risk to debt collectors looking to garnish their stimulus checks.
If you are thinking about filing bankruptcy in Staten Island, you probably have heard many misconceptions about the personal bankruptcy process. One of the most common misconceptions that people hear about are that all debts are dischargeable in bankruptcy, Most debts are dischargeable, however there are some debts that are deemed “non dischargeable.” Debts that are non dischargeable in bankruptcy, include alimony child support, some tax debt, and student loans.
If you are behind on your mortgage payments and are looking to save your Staten Island Real Estate from foreclosure, you may be contemplating doing a loan modification. A loan modification is a special program that banks offer to help individuals with their mortgage payments.
If you are in debt you may be looking to hire a bankruptcy lawyer to help you file bankruptcy. Bankruptcy lawyers may be expensive if you are on a tight budget. You may be looking for a “zero down bankruptcy lawyer near me” or a bankruptcy lawyer that allows you to file bankruptcy for “zero …