Sometimes, having a good job and a solid income is not enough to keep a person in New Jersey afloat financially. In fact, if you are struggling to pay all your bills every month and still have enough left for the necessities of life, you are not alone. We at...
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Should I choose Chapter 7 or Chapter 13 bankruptcy?
When you decide to file bankruptcy in New Jersey, you must first decide whether you will file Chapter 7 or Chapter 13. This choice will affect many aspects of your case. You could preserve your assets or lose them all. You could wipe your debt clean quickly or have to...
Unpaid vendors demand compensation as Sears declares bankruptcy
When a company is facing an uncertain financial future, they have a couple of options to consider in revitalizing their structure and recovering from the restraints of debt. Struggling companies in New Jersey may be able to develop a plan for consolidating their debt,...
How long can I stay in my house after foreclosure?
When you fall behind on your house payments, your lender will start the foreclosure process. While you will not have to leave right away, you should be aware that eventually you will likely be forced out of the home. It is best to know ahead of time how long you will...
Don’t be shortsighted about a short sale
Some people who are mired in debt and can't afford to continue paying their mortgage think that unloading the property in a short sale will be to their benefit. What many fail to understand is there are financial implications, both tax and otherwise, that can...
What should I not do before filing bankruptcy?
There are many things that you may do that could lead you to having to file bankruptcy in New Jersey. However, once you make the decision to file, there are things you should absolutely not do. Some moves you make could lead to further trouble for you. It is a good...
How does Chapter 11 differ for a small business?
Chapter 11 bankruptcy is reserved for businesses. It is a restructuring of debt. While all sizes of businesses can file under the chapter, things may be different for a small business than for a larger one. One of the important parts of Chapter 11, according to the...
Preventing foreclosure by planning ahead
When homeowners in New Jersey are informed that their house is in foreclosure, many of them immediately panic and all realistic thoughts go flying out the window. While the thought of foreclosure is daunting to many, and rightfully so, people who plan ahead may have...
Steps to take after bankruptcy
If you’ve recently filed for bankruptcy in Monmouth County, you may be wondering what steps to take next. Getting your finances back on track can take some time, but it is possible provided you have the right information, such as tips on how to create a viable...
Could your marriage fail because of your student loans?
In case you need another reason to get your debt problem under control, there is an additional issue plaguing consumers in New Jersey and elsewhere.SunTrust Bank studied the effect of student loan debt on relationships, specifically, marriages. While it was no...