Can Bankruptcy Eliminate Debt If Judgment Already Entered? In most circumstances the answer is yes.
Cherry Hill Bankruptcy Blog
In both kinds of bankruptcy, the courts will also appoint a trustee. How does the role of the trustee differ in these two forms of bankruptcy?
Certain types of claims, such as child support, student loans and other things as well as fines are not dischargeable…However, it is worth noting that in New Jersey, surcharges can be discharged
Generally the tax lien purchasers will not accept from the homeowner monthly payments but only the entire balance owed. That is where a Chapter 13 can be used. It would allow you to pay the back real estate taxes over 3 to 5 years.
You have to provide information to the courts about your assets, and they have the authority to order you to use some of your property to repay your debts. However, that only happens in rare occasions when you cannot exempt all of your assets.
The good news is that most people who go through Chapter 13 bankruptcy have an opportunity to get a loan for a new home in as little as a year.
If a small business files for bankruptcy and does NOT specifically elect to be a Subchapter V bankruptcy then it will automatically be a Small Business Bankruptcy under the prior existing law.
If you’re dealing with debt, one of the options you may have open to you is filing for bankruptcy. Sometimes individuals decide they do no want to go through with bankruptcy. Some people find themselves in a unique position where they begin a bankruptcy only to want...
The pandemic led the Governor of New Jersey to place a moratorium on foreclosures and evictions during the pandemic. In addition, Governor Murphy signed into law Order 229 which prohibited public and private electric gas and water utilities from disconnecting because...
If you are filing for bankruptcy, it is important to know the different laws that are in place to help you. One of those is The Fair Debt Collection Practice Act, or FDCPA. The other is that you may not end up having all of your debts discharged in bankruptcy because...