Chapter 7 Bankruptcy

April 18, 2020
closed business for Covid-19

Coronavirus Layoffs and Bankruptcy – What to Do

To say that the novel coronavirus has thrown our lives into disarray and made us uneasy about our futures would be an understatement. In the past few months countless industries from hospitality and food service to airlines to retail have ground to a halt amid social distancing guidelines and explicit stay-at-homes orders handed down by state governors. Regrettably, the resultant layoffs could be just the tip of the iceberg for our economy. What many people are starting to ask is […]
January 15, 2020
laptop with bankruptcy petition

Chapter 7 or Chapter 13, Which One is Right for You?

No one ever wants to file for bankruptcy, but there are times when such a filing is unavoidable. If you’ve run into trouble with credit card debt, cannot meet your mortgage payments or have crippling medical expenses, a chapter 7 or chapter 13 bankruptcy may be your only way out of trouble. Because bankruptcy is such a consequential legal decision, it’s critical to consider all your options beforehand. Once you’ve decided to proceed, the next step is to figure out […]
September 13, 2019
couple in handcuffs

Best Way to Handle Divorce and Bankruptcy

When faced with the grim possibility of divorce, it’s important to know the full extent of the legalities before filing the paperwork.  The termination of a marriage is often met with grief or anger, which may lead to impulsive decisions.  However, informing yourself before acting can evade unforeseen issues down the road and better prep you and your partner for the new start.  One of the ways couples can prepare for a split is by reviewing their financial situation and […]
August 26, 2013

Benefits of a Chapter 7 Bankruptcy

When you talk to a bankruptcy attorney in NJ he will explain how filing a Chapter 7 bankruptcy is a process of federal law that allows for individuals or businesses to make a fresh start. Chapter 7 will eliminate most of an individual’s unsecured debt and is usually the suggested type of bankruptcy for a person who has no assets, or at least very few of them. In most cases the unsecured debts that are released through a Chapter 7 […]
Do NOT follow this link or you will be banned from the site!