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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Law Office of Robert Braverman, LLC
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.
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.
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...
What is a Chapter 13 repayment plan?
A Chapter 13 repayment plan is one that allows you to keep your assets and repay mortgage or car arrears and a portion of your debts through a monthly payment program. The Chapter 13 repayment plan, as a part of Chapter 13 bankruptcy, allows you to repay a portion of...
How long will a bankruptcy discharge stay on your credit report?
People struggling with debt may benefit from filing for bankruptcy. Still, many people will put off considering bankruptcy out of concern for how the filing will affect their credit. Obviously, a bankruptcy discharge will have a negative impact on your overall credit...
Can you still rent after bankruptcy?
You do not own your own home. As you file for bankruptcy, this at first appears to be a positive. You don’t have to worry about losing your house if you don’t have a mortgage to begin with. There seems to be less at stake, making it easier for you to use bankruptcy...
What happens to your finances after bankruptcy?
You’ve come to the conclusion that you need to file for bankruptcy as a means of getting your finances back on track. However, if you don’t consider the impact it will have on your future, as well as the steps you can take to protect yourself, you could soon find...
What debts aren’t eligible for a discharge during bankruptcy?
Bankruptcy is a legal process that allows someone unable to repay their debts to eliminate or discharge those debts. While there are many parts of bankruptcy that are beneficial, such as the automatic stay that stops collection activity, for most people, the discharge...
