Bankruptcy Law

Thinking of filing a Chapter 13 bankruptcy? Know that all tax returns that you are required to file for the prior 4 years must be filed before the bankruptcy meeting of creditors which occurs approximately 30 days after filing. If you live in New Jersey, this means...

As discussed in http://info.legalzoom.com/can-item-added-bankruptcy-discharged-27099.html , Debt incurred after a bankruptcy petition is discharged cannot subsequently be added to the bankruptcy.  In no-asset bankruptcies, debts not included in a petition,...

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...

A Bankruptcy ultimately was not enough to save a Philadelphia Pennsylvania diner. According to Philly.com at   http://articles.philly.com/2016-06-02/business/73496318_1_diner-bankruptcy-health  , during the last two years, the Midtown II diner at 11th...

Since bankrupcy is a federal law, whether filing bankruptcy in Voorhees, New Jersey or Philadelphia, Pennsylvania, the information to be provided is the same.  Section 521 of the bankruptcy code, entitled "Debtor's Duties" lists different requirements.  The...

Damages caused by willful and malicious injury to another person cannot be discharged in bankruptcy. Bankruptcy discharges many kinds of debt. However, there are some exceptions under Section 523 of the bankruptcy code. One type of exception relates to Willful and...

Issues can arise when your landlord files bankruptcy such as what happened when a Northeast Philadelphia owner of multiple properties filed bankruptcy. http://www.philadelinquency.com/2015/12/31/what-do-you-do-when-your-landlord-is-bankrupt/  Generally, if...

The type of bankruptcy initially filed where a discharge is received is a determining factor in the number of years that must pass before a debtor can refile for bankruptcy and again receive a discharge. Whether living in towns such as Moorestown, New Jersey or...

As a general rule, student loans are not discharged in bankruptcy. However, 'Undue hardship' allows bankruptcy judges to forgive student loan debt when filing for personal bankruptcy.  Congress has never defined 'undue hardship' in the Bankruptcy Code.  Case...

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...