Category Archives: Bankruptcy


Reaffirming Your Car Loan is NOT a Requirement in NJ Bankruptcy

Despite what you might have been told by your creditors, you may not have to sign a reaffirmation agreement on your car loan in order to avoid repossession or to rebuild your credit score after filing for bankruptcy. What is a Reaffirmation Agreement? A reaffirmation agreement is a voluntary document that legally obligates a borrower……
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7 Top Reasons People Turn to Bankruptcy in New Jersey

It can be difficult to come to terms with the harsh reality of having to file for bankruptcy. However, you are not alone if you find yourself faced with such a challenging decision. According to data from U.S. bankruptcy courts, over 1.5 million people file for bankruptcy annually nationwide. And almost 97 percent of bankruptcy……
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Can Filing for Bankruptcy Stop the Foreclosure Process in NJ?

Filing for bankruptcy will stop the foreclosure proceeding, at least temporarily. The Automatic Stay, an order issued by the court, requires your creditors to stop actions against you immediately. This means that even if a foreclosure sale on your house is scheduled, it must be postponed while your bankruptcy is pending. This is usually good……
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Short Sale: A Way Out From Under a Crippling Mortgage in NJ or PA

Short Sale: A Way Out From Under a Crippling Mortgage in NJ or PA Since the pandemic, families have been struggling to pay bills, find work and are losing homes to foreclosure. While government officials search for ways to move the country down the road to recovery, many families are left searching for ways to……
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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 13, but may not know the difference. The truth is the Bankruptcy Code allows for multiple different types of bankruptcy and understanding the difference between……
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