Foreclosures occur when you can no longer make mortgage payments on your home. In this case, the bank or lender will begin the process of resuming control of the property and sell it to recoup their losses. In addition to losing your home, foreclosure can affect your...
Blog
Blog
Statistics on non-business bankruptcies
If you want to file for a non-business (personal) bankruptcy, it is crucial to understand the various options in front of you. For example, you should go over different types of bankruptcy and determine which one suits your circumstances best. For some people, Chapter...
Avoiding common financial pitfalls in your business
Operating a successful business in New Jersey requires you to make strategic financial decisions. Oversights, miscommunication and inadequate preparation can all have a detrimental impact on your organization's financial security. When you know how to avoid the common...
How does Chapter 11 bankruptcy affect your business?
Chapter 11 bankruptcy is a debt relief option for business owners. Commonly known as "reorganization bankruptcy," Chapter 11 holds off creditors while you work toward getting your business to a more financially healthy state. There is often a negative connotation with...
How do you stay out of credit card debt?
Falling into credit card debt is often all too easy due to the way credit cards are designed to work. It takes active effort to avoid falling prey to them. How exactly does one stay out of credit card debt, in that case? After filing for bankruptcy, it is more...
Is bankruptcy or debt relief better?
Finding yourself neck-high in past-due bills may result in climbing stress levels and sinking hope of getting back on solid financial footing. You may wonder if you should contact one of the many debt relief companies or declare bankruptcy. As the mail pile grows with...
What does a trustee do during bankruptcy?
When you decide to hit the reset button on your finances, bankruptcy may help. In gathering insight into the process, you may find that a trustee plays a crucial part during the process from start to finish. A trustee acts as a neutral eye in the proceeding to get you...
The differences between Chapter 7 and 13 bankruptcy
Debt is overwhelming and stressful. As you work to pay it off, it continues to build, so it seems as though there is no end in sight. If you are facing lawsuits from creditors or harassment from collections agencies, you should explore bankruptcy as an option for debt...
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...
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...
