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If you are married and mired in debt, bankruptcy can stop creditor actions and give you a fresh financial start. A common question is whether to file jointly or file only under one spouse's name....

At first one would think this question is simply no. However, legal questions are rarely so easily answered. Lawyers are a crafty bunch. 

Official unsecured creditor committees are provided for by 11...

After a person files a bankruptcy petition, they will be assigned a date for their "Meeting of Creditors," also dubbed the "341 hearing." Although bankruptcy debtors will not actually meet with their...

The decision to file for bankruptcy should not be taken lightly. But bankruptcy is not just a last resort for those who need a life preserver. Some people choose to drown in debt when they should...

A bankruptcy can last on your credit for up to ten years after the filing, but it does not mean that you cannot get credit in those ten years. It may be harder to get credit initially after the...

Bankruptcy is like being in a lobster trap. They are both easy to get into, difficult to move around in once inside, and difficult to get out of. This concept is particularly true when it concerns a...

Across the country, foreclosures have become an unfortunate reality for many homeowners. Most states, including New Jersey, require a lawsuit to be filed to effectuate the foreclosure process. In...

If you have a lien against your home due to an IRS tax debt or a judgment, it might be possible to remove it through filing for bankruptcy. Every situation is different, so it is wise to seek the...

It’s not uncommon for debtors to sign personal guaranties before their bankruptcyfiling. This is particularly common for business owners seeking operating funds or individuals whose family members or...

Exploring the Pros and Cons of Filing for Bankruptcy

Bankruptcy was established by the federal government as a safety net for honest debtors who would otherwise be burdened for years or a lifetime by...