The answer is, yes. Bankruptcy will hurt your credit rating. On average, filing for bankruptcy will reduce your credit score by about 120 or 130 points. That said, it may be a necessary move in order to resolve debt issues that could plague you for a lifetime, and...
Blog
Month: December 2015
Chapter 13: Let’s get those bills taken care of!
Are you struggling to pay your bills and not sure how you will ever find your way out of debt? At [nap_names id="FIRM-NAME-2"] Jr. & Associates, we know exactly what you are going through because we help people in this situation every day of the week.Depending on...
Even the “rich and famous” can violate bankruptcy laws
You may have seen them on television: the "Real Housewives" of New Jersey, who engaged in a variety of sometimes seemingly outrageous attention-getting behaviors to boost viewership ratings. But sometimes what is made-for-TV acting out and acts that can have real...
New Jersey remains near top of foreclosures nationally
When it comes to foreclosures, the good news nationally is that the number of home foreclosures that relate back to the collapse of the "housing bubble" in 2008 continues to decline, constituting slightly less than two-thirds of foreclosures as opposed to...
Which is better: Chapter 7 or Chapter 13 bankruptcy?
Most people are aware that there are multiple types of bankruptcy that can be used to help them get out of a financial crisis, but they do not know the differences or how they work. If you are considering filing for bankruptcy, it is important that you understand all...
