Category Archives: Bankruptcy

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The 3 Types of Creditor Claims in Bankruptcy

Filing for bankruptcy is an option many people take when they need to free themselves from financial hardship and get a fresh start. It’s not for everyone, but it’s more than helpful for those who qualify. When filing for bankruptcy, it’s important to know how the courts will treat your debts. When it comes down……
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Military Personnel and Bankruptcy

The right to file for bankruptcy is not limited to only civilians. Those in the military have the same right to file for bankruptcy as well. In addition, active military personnel and disabled veterans get certain benefits over non-military. For starters, the Servicemembers’ Civil Relief Act (SCRA) gives active-duty military legal protections in civil actions……
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Chapter 7 Bankruptcy and Medical Debt

One of the biggest ways people end up accruing debt is the combination of inadequate health insurance coverage and the constantly increasing cost of healthcare. People find it difficult to meet the financial demands and high costs associated with treatments, surgeries, medications, etc., leaving them facing considerable medical debt. Despite this ever-growing problem, there is……
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The Disadvantages of Delaying Bankruptcy

There is a multitude of reasons that you may sit back and wait on filing for bankruptcy. One of the more common reasons for people delaying filing for bankruptcy is that they believe their financial situation will improve. Sometimes, this is the case; however, more often, it simply is not the case. Other factors that……
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Senior Citizens and Bankruptcy in NJ

More and more elderly Americans are looking to bankruptcy for relief, especially because of the rising costs of healthcare. And despite there being advantages for senior citizens over other debtors, that does not necessarily mean that bankruptcy is the right choice. How much bankruptcy will help tends to vary on a case-by-case basis. You might……
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