Category Archives: Bankruptcy

Categories

What Happens with My Tax Refund If I File for Personal Bankruptcy?

What Happens with My Tax Refund If I File for Personal Bankruptcy? When debt becomes unmanageable, many people wonder where they can turn for help. Filing for bankruptcy can help you discharge certain debts; however, the process itself is anything but simple. A common question we receive is, Can I keep my tax refund after……
Read More


Can Alimony Be Discharged in Bankruptcy in New Jersey?

Can Alimony Be Discharged in Bankruptcy in New Jersey?   Bankruptcy provides relief from immediate debt collection and allows you to discharge many outstanding debts. Ordinarily, bankruptcy allows you to discharge debts from credit cards, medical bills, and personal loans. However, bankruptcy will not discharge most legal obligations, including alimony or spousal maintenance. An estimated……
Read More


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……
Read More


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……
Read More


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……
Read More