Bankruptcy is an option for individuals that cannot pay their credit card debt or medical bills. Bankruptcy gives individuals more time to pay their bills. It also stops collection agencies from contacting creditors about their debts.Under the Fair Debt...
Law Office of Robert Braverman, LLC
Credit Card Debt Elimination in Chapter 7 Personal Bankruptcy
Eliminating credit card debt is one reason many people file for chapter 7 personal bankruptcy. A drop in income, a divorce, or illness can cause credit card debt to accumulate. Bankruptcy is a good option in eliminating this credit card debt. A trustee compares...
Eliminating Judgement Liens After NJ Bankruptcy
Sometimes a bankruptcy is filed after a judgement has already been entered. If the debtor owns real estate then the judgement will be a lien on the real estate. If there is not excess equity and the equity is claimed as exempt, then the judgement can be voided during...
Bankruptcy filing statistics for Camden County NJ, Burlington County NJ and Philadelphia PA
Bankruptcy filings have dropped in the last year nationwide as well as locally in Camden County NJ, Burlington County NJ, and Philadelphia County PA. However, as can be seen from the statistics published by the US Courts, there are still a significant number of...
Filing A Bankruptcy Should Be Considered When…
Deciding to file a bankruptcy is a difficult decision for people for several reasons. First, many people hope to never have to file a bankruptcy. But it is also a difficult decision because people are not sure if they have reached the stage where it makes sense. Are...
New Jersey and Pennsylvania Bankruptcy Credit Counseling Certificate
Whether you file a bankruptcy in Cherry Hill, NJ or Bensalem, PA or anywhere else you are required to take a Consumer Bankruptcy course not more than 180 days before filing. This can be done by telephone or online.A credit counseling certificate is also known as a...
Qualifying Military Service and Bankruptcy Means Test
As a general rule, individuals filing a bankruptcy in New Jersey, Pennsylvania and other states must complete and file a "Statement of Your Current Monthly Income," referred to as the means test. Under this test, if you make more than the average family your size in...
Bankruptcy the First Step in Rebuilding Credit
When people reach the point of contacting a bankruptcy attorney, often their circumstances include not only overwhelming debt, but low credit scores from multiple defaults and late payments. The bankruptcy will not only address the debt issue, but by eliminating the...
Chapter 11 filed by Sun Energy
Despite an industry such as the Solar industry being strong and growing, companies can still wind up in Chapter 11 bankruptcy. USA Today, at http://www.usatoday.com/story/money/2016/04/21/sunedison-chapter-11-bankruptcy/83329928/ reports that...
Options When Over Chapter 13 Debt Limit
Chapter 13 bankruptcy is a great way to save your home by paying arrearages on a mortgage over time or to pay back unpaid taxes. But Chapter 13 has debt limits. As of April 1, 2016 a debtor cannot file Chapter 13 bankruptcy if they have more than $394,725.00 in...

