Chapter 13 bankruptcy may seem like your route out of financial insolvency. However, a bankruptcy judge cannot discharge every kind of debt. Even in bankruptcy, you are still obligated to pay some outstanding costs like overdue child support or alimony, civil...
Blog
oliverandlegg
What are the bankruptcy options for businesses?
Filing bankruptcy as a business differs from filing as an individual. You have different chapters you may file that target the needs of a business. Nav explains what chapter of bankruptcy you choose depends a lot on the type of business structure you have. Chapter 7...
What should you know about short sales?
Short sales provide a potential way to prevent yourself from going into foreclosure if you cannot currently pay your mortgage. A short sale lets you sell your home for less than the outstanding balance of your mortgage. On the plus side, it releases the lien from your...
Alternatives to a short sale
In a financial crisis, a short sale might seem like your only option. However, many times you have better pathways to improving your economic situation. In general, you only want to consider a short sale if you only face mortgage payments. People who experience debt...
Are you facing debt collector misrepresentation?
When dealing with debt, you will also most likely deal with debt collectors. Though many follow the rules and do their jobs appropriately, some will attempt to misrepresent themselves in order to get you to comply with their wants. Debt collector misrepresentation...
How does the bankruptcy court exempt assets from liquidation?
The U.S. Bankruptcy Code allows New Jersey residents to exempt some of their assets from liquidation. If you file for Chapter 7, the court may require you to sell valuable property to repay outstanding debts. An exemption, however, could allow you to keep some of your...
Do you have to sell your dog during bankruptcy liquidation?
When you sit down to pay your monthly bills, you may notice your paycheck does not go as far as it once did. This is not your mind playing tricks on you. In fact, according to reporting from Reuters, the U.S. Consumer Price Index has jumped more than 4% in just one...
Are you dealing with harassing debt collectors?
No one ever wants to deal with debt collectors, especially with their grim reputation and the nasty way they can sometimes conduct their business. Most debt collectors will remain relatively respectful and calm, but a few out there can press their boundaries so far...
What is the Fair Debt Collection Practices Act?
When dealing with a heap of debt, the last thing you need on top of that is even more external stress. Unfortunately, this is exactly what people dealing with debt collectors often get. Some debt collectors even cross the line, harassing or intimidating you in their...
Should you short sell your New Jersey home?
Homeowners in New Jersey have several options if they can no longer make mortgage payments. One such option, a short sale, allows you to sell your home for less than the balance of your mortgage. If you owe more than the market value of your property and struggle to...
