November 2013 Archives

Chapter 7 bankruptcy in New Jersey similar to that of teen star

Aaron Carter was only 15 years old when he began to gain fame in the early 2000s. He was known for his pop music and dating of starlets such as Hillary Duff. Now, however, he says that he has little to show for that work and has sought a Chapter 7 bankruptcy in his home state. The process for Carter will be similar to those filed by people here in New Jersey.

Personal bankruptcy can be complex for high-asset filers

When an individual files for bankruptcy protection, a number of events are put into motion. A successful personal bankruptcy process requires a comprehensive accounting of one's income, assets, and liabilities. For those in New Jersey and elsewhere who are considered to be high-asset filers, this process can become incredibly complex.

Personal bankruptcy can be complex for high-asset filers

When an individual files for bankruptcy protection, a number of events are put into motion. A successful personal bankruptcy process requires a comprehensive accounting of one's income, assets, and liabilities. For those in New Jersey and elsewhere who are considered to be high-asset filers, this process can become incredibly complex.

New Jersey personal bankruptcy doesn't end political career

Readers in New Jersey likely are aware that there are few restrictions on who can run for political office. In another state recently, two convicted felons and two people who declared personal bankruptcy were elected to a city council. Each of those elected will proceed to serve their community once sworn in next month.

Chapter 7 bankruptcy can be an issue in election

Each fall, the election season comes for people in New Jersey and elsewhere across the country. As political candidates attempt to gain office, they often must endure media scrutiny of their personal finances. This can lead to discovery of financial difficulties, including the filing of a personal Chapter 7 bankruptcy that may have been necessitated due to financial difficulties in a challenging economy.

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