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Typically a New Jersey Chapter 7 debtor only needs to attend one event during the bankruptcy proceeding, which is commonly referred to as the Meeting of Creditors. Creditors have a right to appear at...

The starting point for any "Means Test" analysis is a determination of the debtor's household income in comparison to the median income. Only those debtors with income above the median income are...

If the suspension is due to unpaid surcharges, the filing of a Chapter 7 Bankruptcy will lead to the immediate reinstatement of driving privileges in New Jersey - that is after the payment of a small...

Bankruptcy does not get rid of all types of debt. Some types of debt are presumed to be non-dischargeable: taxes, alimony/child support, government backed student loans. In other instances a creditor...

It is commonly believed that Chapter 11 Bankruptcy is reserved for businesses. While it is true that a business cannot reorganize its financial affairs in a Chapter 13, it is not true that an...

If debtor's income is higher than the median income for the state in which they live, the debtor still may qualify for a chapter 7 by going through the bankruptcy means test. The means test is a...

Frequently, one of the major concerns of clients consulting with our law firm is whether they can be fired from their present job if an employer learns of their bankruptcy.  The answer is clearly no.

Individuals Over Allowable Debt Limit May Have to File Chapter 11

Chapter 13 Bankruptcy is the prefered bankruptcy type for an individual or consumer in a reorganization case. The fees are typically...

If you owe a creditor money, you may think that it is a good thing if that creditor stops attempting to collect the debt.   Note, however, that if a creditor cancels or forgives a loan, it may report...