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What Is the Means Test in Bankruptcy?

In 2005, the United States enacted the Bankruptcy Reform Act. Under the new guidelines, the courts are able to make a determination about whether or not you would be able to afford payments under a reorganization of your debt – in accordance with a Chapter 13 filing. One of the largest differences between Chapter 7……
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3 Strategies for Getting Debt-Free and Avoiding Debt Problems in the Future

It’s not always easy to keep up with bills. One thing to keep in mind is that staying current with bills is something that many people have to deal with. It’s not your fault if circumstances have put you in a position where you have to make choices between paying one bill and not paying……
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Bankruptcy And Unpaid Traffic Citations In New Jersey

Being in a tight financial bind with a bankruptcy on your mind is tough. You might be thinking, “How can this get any worse?” Then you get hit with a traffic citation that you can’t pay, which adds insult to injury. Perhaps you already had traffic citations piling up because you were unable to pay……
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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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Can I File Bankruptcy Without My Spouse?

Sometimes both partners within marriage are facing financial challenges, while other times one has racked up significant debt on joint accounts that affect both partners. It’s important to know that married couples have the option to file bankruptcy together, but they’re not obligated to do so. How To File Bankruptcy When Married If you’re contemplating……
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