Category Archives: Bankruptcy

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4 Criteria For Tax Debt To Be Dischargeable Under Bankruptcy

Many people who struggle with their finances and debt also struggle with tax debt. It’s very common for people to turn to bankruptcy as a solution to their tax problems. Although bankruptcy can help with many types of tax issues, it cannot solve all tax debt problems. Knowing how bankruptcy works when it comes to……
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Senior Citizens and Bankruptcy in NJ

More elderly Americans are looking to bankruptcy for relief, especially because of the rising costs of healthcare. Despite there being advantages for senior citizens over other debtors, that does not necessarily mean that bankruptcy is the right choice. The degree to which bankruptcy can help a person varies on a case-by-case basis. You might stand……
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5 Bankruptcy Myths Debunked

In the world of finance, “bankruptcy” is the big bad “B” word that most people try their hardest to avoid. The word carries a social stigma, as though it’s the last resort before going completely broke. Ironically, bankruptcy is a financial strategy. In some cases, it can be a person’s best option. How did bankruptcy……
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Disadvantages Of Filing For Bankruptcy Without An Attorney

If you’re filing for bankruptcy, then you’re probably dealing with some financial struggles. At this point, it might seem counter-intuitive to pay for an attorney when you’re already pinching pennies. Under the laws of bankruptcy, you’re not actually required to use an attorney to file for bankruptcy. You have the ability to represent yourself in……
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A Guide to the Different Chapters of Bankruptcy

If you’re on the verge, or even just considering the concept of filing for bankruptcy, understanding your options is an important step. People commonly hear about Chapter 7 or Chapter 11, but may not know the difference. The truth is the Bankruptcy Code allows for five different types of bankruptcy and understanding the difference between……
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