When a person files for bankruptcy in New Jersey, it is important for them to understand that there will likely be serious consequences as they embark on a highly complex process. That’s why it is imperative that an individual thinking about seeking bankruptcy protection first speak with a qualified bankruptcy and debt management attorney who……
Read More
Category Archives: Chapter 13
Categories
How to Choose the Right Bankruptcy for Your Specific Situation in NJ
One of the largest differences between Chapter 7 and Chapter 13 bankruptcy is that, with Chapter 7, most of your debts are discharged. Under Chapter 13, you get to live in the same way you’ve become accustomed to (for example, keeping your house and vehicles) and you pay back your debt over a longer……
Read More
Bankruptcy & Taxes
Filing for bankruptcy can be a daunting and overwhelming process, especially when it comes to dealing with taxes. If you are considering filing for bankruptcy or are already in the process, it is important to understand how bankruptcy can impact your taxes. Bankruptcy and Taxes When you file for bankruptcy, your assets and liabilities……
Read More
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
What if I Can No Longer Make My Chapter 13 Bankruptcy Payments?
Filing for Chapter 13 bankruptcy is one option if you are struggling financially. Under Chapter 13, your debt obligations get reorganized into a supervised monthly payment plan agreed on by your creditors. This payment plan generally lasts for a period between three to five years. Once your repayment plan is over, the remaining debt will……
Read More