Category Archives: Bankruptcy

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How The CARES Act Will Change Bankruptcy

Last Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security Act, also known as “CARES”. You have probably heard about the stimulus checks to individuals and families. One of the parts of the law that many people don’t know is that the law provides changes to the US Bankruptcy Code…….
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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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5 Reasons Why Your Chapter 7 Bankruptcy Case in New Jersey Could Be Denied

The rejection or denial of a Chapter 7 bankruptcy case is very unusual, but there are reasons why a Chapter 7 case can be denied. Many denials are due to a lack of attention to detail on the part of the attorney, errors made on petitions or fraud itself. The attorney has to be knowledgeable……
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What Is Involuntary Bankruptcy?

Bankruptcy is typically advertised as an option you can turn to in a tough financial situation. It provides you with a way to discharge some, if not all, of your debt and get you back on track to a sound financial future. In rare situations, an unwilling debtor might get forced into involuntary bankruptcy by……
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Does a Parent’s Bankruptcy Affect Eligibility for Student Financial Aid?

Bankruptcy is a complicated issue that affects many areas of one’s life, but in general, filing for bankruptcy doesn’t interfere with eligibility to receive federal aid. It can, however, affect eligibility for some student loans and loan programs, but it might not be as bad as you think. A green light for financial aid and……
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