Can Bankruptcy Eliminate Debt If Judgment Already Entered? In most circumstances the answer is yes.
Can Bankruptcy Eliminate Debt If Judgment Already Entered?
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Cherry Hill Bankruptcy Blog
What does the bankruptcy trustee do in Chapter 7 and 13 filings?
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?
CAN I ELIMINATE TRAFFIC FINES IN BANKRUPTCY IN NEW JERSEY?
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
USING CHAPTER 13 TO PAY REAL ESTATE TAX LIENS
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 choose your exemptions in a Chapter 7 bankruptcy
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.
Getting a house after Chapter 13 bankruptcy
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.
SMALL BUSINESS CHAPTER 11 BANKRUPTCY
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.
Can you stop bankruptcy once you start?
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...
Moratorium On Utility Disconnections is Ending
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...
Know these two important bankruptcy laws when you file
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...
