Blog

Your financial situation has become precarious and you are overwhelmed by debt. You decide to file for bankruptcy protection. But what do you do if you need a car? Will you be able to get a car loan?...

It is not uncommon for people to arrive at the point of needing to file bankruptcy around the same time that a failing marriage approaches separation and divorce. Finances are traditional "problem...

Q. What is a Chapter 13 Bankruptcy?

A Chapter 13 Bankruptcy is a reorganization-type bankruptcy that lets debtors save property and potentially pay off a smaller percentage to their creditors over...

Many individuals believe that Chapter 11 bankruptcy is only for businesses and big corporations. This simply is not true. If you meet certain debt requirements, Chapter 11 may be the best option for...

Often, the bank will object when language is added to Part 4(c) of a Chapter 13 Plan. This section of the Plan is entitled "Surrender" and allows the debtor to surrender their interest in encumbered...

All property in which the debtor holds an interest at the commencement of bankruptcy is part of the estate pursuant to 11 U.S.C. §541(a)(1). A debtor is required to surrender to the trustee all...

Bankruptcy Can Stop Auto Repossession

Banks and auto dealerships will not hesitate to repossess your car if they think that you can no longer afford it. Some lenders will initiate repossession after...

Debt and Financial Problems After Retirement

Dealing with financial challenges at any age can be very frustrating. However, dealing with debt and financial problems after retirement causes some...

It is not uncommon for New Jersey residents to have more than a few credit cards in their wallet. Moreover, it is likely that these credit cards have a balance on them. While it is not entirely bad...

A levy on a bank account is often the impetus to seek bankruptcy protection. An issue that commonly comes up is what happens to the money held by the bank subject to the judgment creditor's levy. If...