If you are going through a Chapter 13 bankruptcy and suddenly find yourself in the position where you could pay off the bankruptcy early, you may want to know if it’s possible to do so. The truth is that you cannot typically finish the plan early unless you’re willing...
Cherry Hill Bankruptcy Blog
So what happens if your debt exceeds those limits? You can still file a chapter 11 bankruptcy to deal with the debt. A chapter 11 is more expensive and more complicated, but it generally allows you to accomplish the same thing.
Filing for bankruptcy is an aggressive debt solution ideal for those dealing with aggressive creditors. If a company wants to repossess your vehicle, foreclose on your house or take you to court over an unpaid debt, then filing for personal bankruptcy might be the...
Many individuals encumbered with debt without any prospect of rising out of it pursue bankruptcy. There are pros and cons for filing Chapter 7 versus 13 bankruptcy. Chapter 7 bankruptcy allows you to eliminate most if not all of your unsecured debts if you can prove...
Some Private Student Loans may be Discharged in Bankruptcy.
Can Bankruptcy Eliminate Debt If Judgment Already Entered? In most circumstances the answer is yes.
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.