Chapter 13 Bankruptcy or Chapter 7 Bankruptcy?
If you are in financial trouble and looking into bankruptcy, you may be wondering whether a chapter 13 bankruptcy or a chapter 7 bankruptcy is the best...
June 12, 2014
Bankruptcy,
Business Bankruptcy
While the process for an assignment for the benefit of creditors (commonly referred to as "ABC") and a business bankruptcy are similar, corporate bankruptcy lawyers are quick to point out that there...
June 6, 2014
Bankruptcy,
Chapter 13
If you have filed a Chapter 13, you have encountered the Chapter 13 Plan. This is the repayment plan for your debts that must be submitted as part of the process in a Chapter 13. The plan, once...
June 1, 2014
Bankruptcy
A frequent misunderstanding on tax debt is that you cannot wipe it out in a bankruptcy. Contrary to this misunderstanding, certain back due taxes owing to the Internal Revenue Service (IRS) or the...
May 31, 2014
Bankruptcy,
Chapter 13,
Foreclosure
The real estate bubble caused a great disruption in the market for homes in the United States. Home prices were driven up and then collapsed, taking with them much of the economy and many jobs. The...
May 23, 2014
Bankruptcy,
Credit
Many people who have filed a bankruptcy may be surprised to receive solicitation during their bankruptcy for new credit cards. They may think that because they filed a bankruptcy, they will have...
May 12, 2014
Bankruptcy,
Chapter 11,
Business Law
New Jersey Chapter 11 Bankruptcy vs. Assignment for the Benefit of Creditors
April 14, 2014
Bankruptcy,
Consumer Bankruptcy
It is obvious that people file bankruptcy cases with a consumer debt attorney to discharge (wipe out) their debts. There are some exceptions to the debts that can be discharged. 11 U.S.C. §523. For...
March 26, 2014
Bankruptcy
The Make-Up of Assets in New Jersey Bankruptcy
It is crucial to determine the make-up of any monies that you currently possess or have a right to possess, when filing a bankruptcy case. For instance,...
March 2, 2014
Bankruptcy,
Foreclosure
The Third Circuit Court of Appeals in In re Connors, 497 F. 3d 314 (3d Cir. 2007), held that a debtor filing a Chapter 13 bankruptcy does not have the right to cure a default on a mortgage secured by...