Stereotypes are among the main reasons that people who are eligible for bankruptcy protection do not consider the option of filing for bankruptcy. They are worried that people in their communities, as well as lenders and prospective employers who see their credit reports, will [...]
If you keep getting deeper into debt even when you live very modestly and spend every penny of your paycheck, after housing, transportation, and grocery costs, on debt repayment, it might be a good idea to file for bankruptcy. Everyone has the right to [...]
The mental association that most of us have with filing for bankruptcy is that it is something that unmarried people do; in other words, if you are married, then you and your spouse are together for richer or for poorer, but if you are [...]
As we approach 2024, it's crucial to understand the evolving landscape of bankruptcy in New Jersey. At our boutique bankruptcy law firm, we stay ahead of the curve, analyzing trends and preparing to guide our clients through the complexities of bankruptcy. Anticipated Increase in [...]
Filing for bankruptcy can be a complex and overwhelming process, and one of the biggest concerns for individuals considering bankruptcy is what will happen to their assets. In this article, we will explore the topic of asset protection in bankruptcy specifically in the context of [...]
That old saying about death and taxes has stuck around for so long because it is almost impossible to make tax debts go away except by paying them. In so many other contexts, it is possible to make financial obligations appear out of thin [...]
An urban legend has it that filing for bankruptcy renders you unable to borrow money for seven years, in much the way that breaking a mirror gives you seven years of bad luck. In this case, bad luck means pulling a wad of one-dollar [...]
Revolving Credit Card Debt and Personal Loans As we emerge from the first two years of the pandemic, New Jersey residents are carrying record amounts of revolving credit card debt and personal loans. Pandemic era relief programs offered short-term debt relief options such as [...]
