Bankruptcy is a legal option that offers financial relief for New Jersey residents. If you have overwhelming debt, Chapter 13 provides a way to deal with it on your terms. Many people wait too long before taking action due to the effect bankruptcy has on their credit....
Blog
Month: August 2021
Looking at the benefits and disadvantages of an automatic stay
Perhaps you are dealing with nonstop harassment from creditors seeking payments from you and you want this situation to end. If you have decided to declare bankruptcy, keep in mind that as soon as you file, you release the power of the automatic stay. However, along...
How long may it take to foreclose on a property in New Jersey?
As outlined by the Consumer Financial Protection Bureau, federal law prohibits mortgage lenders from initiating a foreclosure unless you failed to make a payment for at least 120 days. As noted by the National Consumer Law Center, however, new and possibly short-term...
How can you restore your financial reserve after bankruptcy?
Bankruptcy can help you reduce your debt and reorganize your finances. With a new lease on financial independence, you may want to look for ways to maintain freedom from debt. Rebuilding your financial reserve will take time. You will need to commit to establishing...
