Auto accidents can shatter lives in countless ways. Many crash victims struggle from a physical point of view, whether they are seriously hurt, or they are suffering from a great deal of pain. The mental of an accident can be overwhelming too, and victims should not...
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Chapter 11 bankruptcy and the debtor in possession
At [nap_names id="FIRM-NAME-2"], Jr. & Associates in New Jersey, our legal team understands that the language of Chapter 11 bankruptcy is unique. For example, you may wonder what it means to be a debtor in possession.If you are the debtor who is filing, you will...
How can I improve my credit score?
While it can help you get a handle on debt, filing for bankruptcy does have a negative impact on your credit score. While bankruptcy will stay in your credit history for a number of years, there are steps you can begin taking right away that will boost your credit...
How to slow or avoid foreclosure
Purchasing a home in New Jersey is an exciting experience. Unfortunately, medical debt, loss of employment and other changes to a person’s financial status can lead to foreclosure. Many people facing a foreclosure may believe their banks are eager to evict them...
Bankruptcy may only delay – not derail – home ownership dreams
One common misconception causes debtors who could really benefit from bankruptcy relief to delay or shun filing for Chapter 7.Many consumers mistakenly believe that filing for bankruptcy precludes their ever qualifying again for a mortgage. While it's true that...
What are New Jersey’s homestead exemptions?
Most states have homestead exemption laws that prevent homeowners from losing their homes in bankruptcy by protecting all or some of the equity in their primary residences. Unfortunately, New Jersey has no such laws. Instead, residents of The Garden State who want to...
What are the basics of Chapter 13 and Chapter 7?
Are you a resident of New Jersey with too much debt and no way to bail yourself out? [nap_names id="FIRM-NAME-2"] Jr., & Associates, can provide you with a basic rundown of Chapter 13 and Chapter 7 bankruptcy options. One of them may be exactly what you...
Are there alternatives to foreclosure?
Foreclosure is a scary prospect for homeowners in New Jersey who can no longer afford their mortgage payments. However, there are alternatives that can help mitigate the damage. Realtor.com explains what you can do if your home is at risk.Short sale If you can prove...
How are budgeting and chapter 13 linked?
If you’ve been granted chapter 13 bankruptcy in New Jersey, you probably know how important it is to keep current on your payment schedule. You may even create a budget for spending to ensure your creditors continue to be paid, and it can be difficult for many...
You must reaffirm your mortgage during bankruptcy proceedings
Many people don't really understand the bankruptcy process. What they know about it comes from movies or stories that they hear, which may not be accurate. The lack of public knowledge about bankruptcy leads to the dissemination of misinformation about what happens...
