Category Archives: Chapter 7

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The 3 Types of Creditor Claims in Bankruptcy

Filing for bankruptcy is an option many people take when they need to free themselves from financial hardship and get a fresh start. It’s not for everyone, but it’s more than helpful for those who qualify. When filing for bankruptcy, it’s important to know how the courts will treat your debts. When it comes down……
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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 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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How to File for Chapter 7 Bankruptcy

One of the many reasons people shy away from filing for bankruptcy is simply because they are not aware of the bankruptcy process and what it entails. It can be quite involved and requires attention to detail. This does not mean bankruptcy should be an option you shy away from as you seek a way……
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