Chapter 13 Bankruptcy can be used to pay missed mortgage or car payments over time
How do you decide if Chapter 7 or Chapter 13 bankruptcy is best?
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When can you file for bankruptcy after a previous discharge?
Federal laws do limit what kind of bankruptcy you can file based on your economic circumstances and also how frequently you can file.
Bankruptcy after a divorce may help gray divorcees
Sometimes, going through your divorce first is the right option, so that you can see if you end up with debts that you may have shared with your spouse or that your spouse created in their own name while married. The financial devastation that a divorce can cause is hard to recover from at such a late age, but a bankruptcy could offer a helpful solution.
How long does it take to rebuild your credit after a bankruptcy?
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...
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?
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.
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...
CAN I DISMISS MY BANKRUPTCY CASE?
Can I dismiss my bankruptcy case if I decide to not proceed with the bankruptcy. The answer is, “it depends”.
